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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Tommaso who wrote (136490)11/30/2001 12:48:27 PM
From: Real Man  Read Replies (3) of 436258
 
Cancelled my 0.25 crap shoot ENE order. LOL! It might still bounce -
Chapter 11 announcement on Monday.

LONDON, Nov 30 (Reuters) - Shipping's worldwide exposure to the
fall of Enron (NYSE:ENE - news) is about $100 million and many
companies could be pushed to the brink of bankruptcy, Enron shipping
director Pierre Aury said on Friday.

``Many shipping companies will go bust because we can't fulfil our obligations,'' Aury told Reuters,
who estimated that Enron's paper trades comprised 50 percent of the entire freight derivatives market.

He estimated shipping's global exposure to Enron at ``close to $100 million. More than $8 million of
that is to one counterparty and about ten (debts) are for $5 million each,'' he said.
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