First thing I thought to do was to work out the orbital period. That is simple enough given Kepler's laws, and it comes to just over 9 Earth days.
Then I found a neat calculator for the magnitude of the Tidal force over the planets: http://keisan.casio.com/exec/system/1360312100
Putting in your planets' data, with an eccentricity of 0.9 gives a tidal force at periapsis of about $2\times10^{24}$, or more than 10000 times greater that the force at apoapsis.
So it looks like you're going to get some big waves.
Gravity from a planet that is 20000km away is pretty strong, about 1/10 of surface gravity. That could have some pretty major effects, when you consider that lunar gravity is only about one nine-millionth of the Earth's gravity at the earth's surface.
The tidal bulge on Earth is about 0.3m (that's how big the tides would be if there were no land to focus them. We can work this out using
$${a_\mathrm{earth} \over a_\mathrm{earth\ and\ moon} } = {r^2_\mathrm{tide}\over r^2_\mathrm{no\ tide}}$$
where $a$ is the acceleration due to gravity, and $r$ is the radius. (see http://mb-soft.com/public/tides.html)
The acceleration due to gravity as the second planet passes overhead will decrease from about 10m/s/s to 9 m/s/s, so the left fraction is about 1.1
The radius of the planet must increase by 1.05 due to the tide. If the planet has a radius 6000km the tidal radius is 300km larger......
300km tides every 9 days. Oh dear.
What does this mean? There won't be enough water to keep the planets in an equilibrium at periapsis, therefore the rocks of the planet will be strongly deformed, and heated, probably melting the crust, perhaps causing the planets to start to rip each other apart.
You can have a big tide, but you don't need the planets to approach each other so close.
To achieve something devastating enough set r_tide to (say) 6001 and r to 6000, giving a ratio of 1.000333. We want to have set the moon far enough away that it changes the force of gravity by a factor of 1.000333.
At a distance of x radii, the acceleration is $1/x^2$ so $\frac{1}{1-1/x^2} = 1.000333, giving x=55. Since one radius is about 6000km, the closest approach of about 300000 km seems reasonable.