Enron Mail

From:mike.mcconnell@enron.com
To:stephen.horn@enron.com
Subject:SeaLogistics
Cc:
Bcc:
Date:Thu, 16 Nov 2000 06:55:00 -0800 (PST)

FYI and further handling.
m

---------------------- Forwarded by Mike McConnell/HOU/ECT on 11/16/2000
02:59 PM ---------------------------


Brad Browning <Brad.Browning@sealogistics.com< on 11/15/2000 11:32:46 AM
To: mike.mcconnell@enron.com
cc:
Subject: SeaLogistics


Mike,

We met back in the early summer and made a presentation to you, Steve Horn,
and Allan Sommer regarding SeaLogistics. Since that time, we have completed
a merger with one of our primary competitors, launched our bulk
shipping/e-chartering exchange and now have begun trading on the site. We
currently have support from charterers representing approximately 10% of the
global petroleum shipping spot market volume and from ship owners
representing approximately 15% of the large tanker fleet.

I saw that Enron announced last month its entry into the freight futures
market for bulk petroleum shipping. Given this event and our marketplace
momentum, I thought it may make sense to have a more strategic discussion
around possible opportunities between Enron and SeaLogistics.

Please let me know your interest in discussing further a potential joint
opportunity.

Best regards,

Brad

W. Brad Browning
Chief Executive Officer
Phone: 713.751.3000
e-mail: brad.browning@sealogistics.com

SeaLogistics
Open Seas Open Market TM