|
|
Enron Mail |
As info.
We are working to keep the bid / ask spreads as narrow as possible for each of our EOL markets - domestic and international coal, vessel freights and emissions. Volumes for coal and emissions are already up, and freight should be a rapidly developing market. ---------------------- Forwarded by George McClellan/HOU/ECT on 08/07/2000 08:40 AM --------------------------- John Sherriff 08/04/2000 10:39 AM To: Pierre Aury/LON/ECT@ECT cc: George McClellan/HOU/ECT@ECT, Stuart Staley/LON/ECT@ECT, Chris Connelly/LON/ECT@ECT Subject: Re: Sea freight: 1st trade done today Pierre Congratulations - this is a fabulous market for us to work. John Enron Europe From: Pierre Aury 04/08/2000 14:08 To: John Sherriff/LON/ECT@ECT cc: George McClellan/HOU/ECT@ECT, Stuart Staley/LON/ECT@ECT, Chris Connelly/LON/ECT@ECT Subject: Sea freight: 1st trade done today hello John we started to work on the idea of putting freight swaps on eol during fh may. we were ready technically early july, cleared all legal hurdles end july, went live on the 1st of august and did our first trade today . and guess what the customer is so enthusiastic that he ll make us great advertisement . this is the first time ever a shipping transaction has been made principal to principal 100pct through an electronic media. fyg we are quoting 2 contracts based on cape size vessels (cargo size 150 000 tons ) on coal routes . one is south africa to rotterdam and the other one is colombia to rotterdam. these routes are the main routes of the international coal group portfolio. in terms of volume what we are putting on eol every day is more than what is contracted on the normal otc market on a monthly basis. in terms of spreads existing otc market is working with 0.75 to 1 usd when our spread is now 0.20 usd. in september/october we will increase the number of contracts available to include smaller vessels and other types transaction (time charter in addition to the present contract which are "voyage" type transactions) . pierre aury --------------------- Forwarded by Pierre Aury/LON/ECT on 04/08/2000 13:44 --------------------------- Enron Europe From: Chris Connelly 04/08/2000 11:44 To: Enron London - EOL Product Control Group/LON/ECT@ECT cc: Louise Kitchen/HOU/ECT@ECT, David Forster/Corp/Enron@Enron, Stuart Staley/LON/ECT@ECT, George McClellan/HOU/ECT@ECT, Nick Mooney/LON/ECT@ECT (bcc: Pierre Aury/LON/ECT) Subject: Sea freight: 1st trade done today Fyi, We have just traded our first sea freight contract today with Bocimar BV as the counterpart. Bocimar is the biggest Cape size vessel operator in the world and they called after the trade to let me know that they think the system is great and will be using it to trade regularly. Regards Chris Connelly
|