OOO ARK SHIPPING LTD

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 35259

Status Complete

Location

Russia

Business Sector

Transport

Notice Type

Private

Project timeline

Exploratory
Passed Concept Review
Passed Structure Review
Passed Final Review
Board Approved
Signed
Implementing
Completed

Project ID 35259

Status Complete

Location

Russia

Business Sector

Transport

Notice Type

Private

Environmental Category

Approval Date

07 Sep 2004

Disclosure date

23 Jul 2004

As per section 1.4.2 (iii) of the Directive on Access to Information: "For Projects approved by Bank management where the Board of Directors has delegated the approval authority, the PSD shall be disclosed at the start of the relevant no-objection notification period to a member country of the Bank in accordance with Article 13 (iii) of the Agreement Establishing the EBRD."

Project Description

The proposed project consists of a loan to part-finance the acquisition, mobilisation and upgrading costs of 24 new and second-hand tugs and barges, to be employed in the Caspian in support of the oil field development activity in the region, as well as in the Russian River System, North and Mediterranean Seas on project work.

Transition Impact

The project will promote competition in the offshore logistic service sector of the oil industry in the Caspian. The bank’s involvement will also support the company’s efforts in improving safety and environmental standards of the fleet operating in the Caspian as well as in strengthening its corporate development such as the introduction of audited IFRS financials and Management Information System.

The Client

Silverburn Shipping Company (SSC) Ltd, a limited liability company incorporated in the Isle of Man, and 7 special purpose subsidiaries registered in Isle of Man and Malta. SSC is 100% controlled by OOO Ark Shipping, a Russian inland rivers operator and supplier to the offshore logistic service sector.

EBRD Finance

A 5-year senior loan of up to US$ 12 million.

Project Cost

US$ 18.5 million.

Environmental Impact

The project was screened B/1.

The main issue related to the purchase of the new and second-hand vessels is compliance with the relevant standards for safety and environmental performance (emergency response, emissions to air, wastewater and solid waste disposal). Vessels must obtain the relevant certificates under the national river registry (not all barges require international certificates such as MARPOL, SOLAS, and IOPP for river and Caspian trades as they do not carry oil and barges have no crew). The Bank’s consultant will verify the necessary ships’ certificates prior to disbursement and will also inspect several of the ships. The company is committed to establishing onshore staff safety and environmental procedures, including appropriate accident and disaster response plans and obtain ISO 14000 certificate across its whole fleet over the coming years.

Technical Cooperation

None.

Company Contact

Web site: http://www.silverburnshipping.co.uk

Transition impact

ETI Score:60

PSD last updated

01 Feb 2019

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

Public Information Policy (PIP)

The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP

Environmental and Social Documentation is not available for this project.

Selected procurement notices related to this project may be shown below. Further procurement opportunities related to this and other projects, if available, maybe be viewed in the EBRD Procurement Portal.

The EBRD's Environmental and Social Policy (ESP), Access to Information policy (AIP) and Project Accountability Policy (PAP) enable sound and sustainable development in its projects. The Independent Project Accountability Mechanism (IPAM) deals with complaints about environmental, social and disclosure matters related to the Bank’s investments.

No complaints about this project have been made so far.

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