Message-ID: <3763046.1075843937799.JavaMail.evans@thyme> Date: Thu, 16 Nov 2000 06:55:00 -0800 (PST) From: mike.mcconnell@enron.com To: stephen.horn@enron.com Subject: SeaLogistics Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Mike McConnell X-To: Stephen R Horn X-cc: X-bcc: X-Folder: \Mark_McConnell_June2001\Notes Folders\Discussion threads X-Origin: MCCONNELL-M X-FileName: mmcconn.nsf FYI and further handling. m ---------------------- Forwarded by Mike McConnell/HOU/ECT on 11/16/2000 02:59 PM --------------------------- Brad Browning 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