
Race to replace Enron in freight
Enron’s bankruptcy has left a vacant brokers’ position in the small but growing freight derivatives market, which is being eyed up by a number of players. Enron had been one of the main market-makers in the forward freight agreements market, with around 20% of the total share.
Kevin O’Connor, chief operating officer at freight trading platform Levelseas, says his company is considering expanding into the market-making role left by Enron. But he emphasised that this would require careful
Kevin O’Connor, chief operating officer at freight trading platform Levelseas, says his company is considering expanding into the market-making role left by Enron. But he emphasised that this would require careful
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