keppel group newsletter keppelite · 3 based on market closing price per unit of $1.41 as at 31...

Two deliveries for Rowan

MICA (P) 072/01/2011

Keppel Group Newsletter

JANuARy 2011www.kepcorp.com/ekeppeliteeppel

KeppeliteClear choice

for jackups 4

Deepening ties

with China 8

Leading in safety 20

Keppelite I January 2011

Published for people in the Keppel Group by the Group Corporate Communications Division, Keppel Corporation Limited, 1 HarbourFront Ave, #18-01 Keppel Bay Tower, Singapore 098632. Printed by Image Printers Pte Ltd, Blk 1002, Redhill Industrial Estate, Jalan Bukit Merah, #03-12, Singapore 159456.

Editorial AdvisorWang Look Fung

EditorRoy Tan

Editorial CommitteeAng Lai Lee, Annabelle Teo, Catherine Tan, Chan Suan Sim, Cheryl Tang, Christie Lai, Chua Ying Ying, Diana Chan, Donald Sng, Elena Ong, Elizabeth Widjaja, Eva Ho, Frances Teh, Geraldine Lai, Grace Chia , Hoo Yao Lin, Ivana Chua, Leanne Sim, Lee Wan Jun, Lim Kah Ai, Lynette Goh, Mak Chui Ling, Mohamed Yusof Mohamed, Say Huan Yuan, Serena Toh, Teri Liew, Wong Chai Yueh, Woon Pek Yong, Vett Ramos, Yolanda Guo Ying

Contents

CO REG NO: 196800351N

eppel

SUSTAINING GROWTHClear choice for jackups 4

Strong performance boosted by acquisitions 5

K-Green Trust’s profit higher than forecast 6

Growth on track for Keppel T&T 7

Business excellence

Deepening ties with China 8

Home to multi-nationals 12

Global projects 13

Advancing good relations with Brazil 14

Partnership in safety 15

Employer of choice 16

Meeting India’s infrastructure needs 17

SpeCIAL FOCUSTwo in a row 18

Leading in safety 20

Where luxury and adventure meet 22

17

Cover image: Celebrating the naming of Rowan Stavanger at Keppel FELS were Lady Sponsor Mrs Amy Ralls, Mr Matt Ralls (extreme left), President and CEO of Rowan Companies, Inc., Mr Choo Chiau Beng (centre), CEO of Keppel Corporation and Chairman of Keppel Offshore & Marine, as well as Mr Michael Dowdy, VP Engineering of Rowan Companies, Inc.

9

Striking awards for innovation 24

Choice developer in Vietnam 25

Gold standard in green practices

Young Leaders get productive 26

Rich heritage 27

New luxury lodge at golfing paradise

eMpOWeRING LIVeSVibrant forty years at Keppel 28

Family affair for longest serving Keppelite 29

Keppelites AbroadHome is where family is 30

Welcoming a new decade 31

Gift of giving

NURTURING COMMUNITIeSArts for everyone 32

Keppel VolunteersNew identity, enduring values 34

BACK pAGeKeppel secures $240 million worth of contracts 36

32


Editorial


Root for Green

Colour our future green – that was the slogan on the recyclable bags given out by Keppel Group at an eco event which represented my first exposure some years ago to Keppel’s green initiatives. From budding efforts to what has panned out into a strategic and sustainable thrust for the Group, Keppel has certainly made headways growing a green culture.

The spirit of innovation and finding creative solutions has led Keppelites to develop products and services ahead of times. Our KFELS semisubmersible drilling tender 3600E design is lauded as a zero discharge vessel while the revolutionary offshore wind turbine installation vessel will redefine the way in which offshore wind farms operate across the world.

We are marrying competencies in our property and infrastructure businesses to contribute to the development of eco-cities. Our buildings must achieve at least Green Mark Gold standards while the proprietary technology in our environmental engineering business is pushing the envelope for sustainable infrastructure solutions for now and the future.

In pointing out opportunities for Keppel, CEO Choo Chiau Beng said, “With unusually severe storms, floods and poor winter conditions in many parts of the world, the man on the street has also awakened to the impact of climate change.” As people become more conscious of the environmental impact on their lives, it would translate to more demand for greener products and solutions. And importantly, a premium warrant for companies who pursue these efforts.

Our efforts to be environmentally-responsible

have borne fruit. Customers continue to be won over by Keppelites who focus on their needs. With garnered knowledge of the market through the years and keen attention to detail, we meet demand for products and services which optimise resource consumption, as well as present a sustainable lifestyle and cleaner future.

As we challenge ourselves to excel continuously in our businesses, we hold ourselves accountable to preserve the environment as well.

Across the Group, initiatives have sprouted to ensure we utilise resources efficiently and effectively. From individuals saving electricity and water to our business units recycling materials and switching to more energy efficient equipment, Keppel believes that optimising resources is not only environmentally-friendly but also a responsibility to our stakeholders.

At Keppel, we put action to words to effect change.

Going back to my first eco event mentioned earlier, in addition to sponsoring the bags, Keppelites were among the first in Singapore who led by example by spreading the green message to shoppers as they bagged their groceries.

Whether it is through our research and development for greener products and services or our efforts to be a responsible corporate citizen, embracing a green culture is a natural branch of growth for Keppel. It not only makes common sense, it makes good business sense.

4 Sustaining Growth


delivery in 1Q 2013 and 2Q 2013 respectively.

As part of the agreement, Clearwater has options to build another two similar jackup units with Keppel FELS. I f exerc ised, the options for the additional two rigs will bring the total contract value to above US$730 million.

Mr Rob Petty, Managing Partner and Co-Founder o f C l e a r w a t e r, s a i d , “Conf idence is rapidly returning to the offshore industry and we expect a fundamental recovery of the sector. There is a clear bifurcation in the jackup market with oil companies increasingly focused on new, high specification rigs for their projects.

“We have followed this market closely and chose Keppel FELS as our long term partner to help us execute our investment plans in the transition of the jackup market from old rigs to safer, more efficient rigs.

“Keppel FELS is the gold s t a n d a rd f o r q u a l i t y, engineering, and building execution in terms of both time and budgets. Our wide ranging due diligence before placing these substantial orders consistently validated the Keppel team to be professional – from the

4 Sustaining Growth

Keppel FELS has secured new orders from Clearwater Cap i t a l Pa r tne r s , L LC (Clearwater) to build a pair of premium KFELS B Class

Clear choice for jackups

jackup rigs at US$360 million ($464 million).

The two high specification jackups are scheduled for

With industry fundamentals for high-specification jackups strengthening, Keppel FELS has been garnering more enquiries and orders for its proprietary jackup designs

initial discussions through the engineering design and contract placement.

“We look forward to this same degree of professionalism and precision all the way through to delivery.”

Mr Wong Kok Seng, MD of Keppel FELS, said, “We thank Clearwater for their confidence in Keppel FELS and look forward to nurture a win-win partnership with them.

“The KFELS B Class design is the industry standard for efficient and high grade performance; to date, 33 such units have been delivered for operations in various parts of the world. I am confident that when completed, the KFELS B Class jackups will provide outstanding value and returns on Clearwater’s investment.”

The KFELS B Class jackup design is developed by Keppel’s technology arm, O f f s h o r e Te c h n o l o g y Development.

W h e n c o m p l e t e d , Clearwater’s rigs will be able to operate in water d e p t h s o f 4 0 0 f e e t , drilling depth of 30,000 feet and accommodate 150 men. keppelite


Sustaining Growth 5

4Q 2010 FY 2010 FY 2009 + / (-) $’000 $’000 $’000 %

Property Income $21.4m $84.6m $62.8m 34.6

Net Property Income $17.5m $67.3m $48.9m 37.7

Distributable Income to Unitholders1 $23.3m $85.6m $70.5m 21.4

Distribution Per Unit (cents) 6.782 6.37 5.28 20.6

Distribution Yield 4.83 4.53 4.84 -6.3

1 The distributable income to Unitholders based on 100% of the income available for distribution to Unitholders. 2 Quarterly DPU annualised. 3 Based on market closing price per unit of $1.41 as at 31 December 2010. 4 Based on market closing price per unit of $1.10 as at 31 December 2009.

K - R E I T A s i a a c h i e v e d distributable income of $85.6 million for FY 2010, 21.4% higher than that for the same period in 2009. This was due mainly to net property income, wh i ch ro se 37 .7% to $67.3 million, and share of results of associated companies, which increased 18.1% to $9.7 million for FY 2010.

Strong performance boosted by acquisitions

N e t p ro p e r t y i n c o m e expanded as a result of lower property tax expense and income contribution from three acquisitions, namely a 29% additional interest in Prudential Tower in Singapore, 50% interest in 275 George Street in Br isbane, and 77 King Street in Sydney, al l of which were completed in November 2009, March

K-REIT Asia’s CEO Ms Ng Hsueh Ling (right) and Chief Financial Officer Ms Eve Chan (second from right) sharing updates with press and analysts at the full year financial results brief for 2010

2010 and December 2010 respectively.

Distribution per unit (DPU) for 4Q 2010 and FY 2010 we re 1 .71 cen t s and 6.37 cents respectively, an increase of 17.9% and 20.6% over the same periods in 2009. Unitholders will receive a DPU of 3.38 cents for 2H 2010, which will be paid on 25 February 2011.

K-REIT As ia’s portfo l io occupancy rate stood at 97.0% at 4Q 2010.

OpTIMISe ASSeTSIn December 2010, K-REIT Asia completed the strategic asset swap that comprised the divestment of Keppel Towers and GE Tower and the acquisition of a one-third interest in Marina Bay Financial Centre Towers 1 & 2 and Marina Bay Link Mall. These transactions renewed and upgraded K-REIT Asia’s property portfolio without raising additional equity from Unitholders.

SeeKING GROWTH OppORTUNITIeSPositive growth in demand for Grade A and prime office space in Singapore is expected to continue in 2011 as businesses continue to expand and occupants seek to consolidate operations in contiguous space. This coupled with the limited supply of office space in 2013 and 2014 provides rental stability in the longer term.

K-REIT Asia remains focused on improving operational and capital efficiencies so as to optimise the performance of its assets and deliver stable and growing returns to Unitholders. keppelite

6 Sustaining Growth


K-Green Tru s t (KGT ) , which invests in ‘green’ infrastructure assets, posted a 22.1% higher-than-forecast net profit of $8.7 million from its date of listing on 29 June to 31 December 2010.

Including the net profit of $847,000 for the period 1 January to 28 June 2010, when it was a private trust, full-year net profit came to $9.57 million, on the back of $65.8 million in revenue.

Revenue garnered since listing was $49.3 million while earnings per unit were 1.39 cents. Net asset value per unit as at 31 December 2010 was $1.16.

Distribution per unit of 4.31 cents was 10.2% higher than the projected 3 .91 cents , whi le the annual ised distr ibution yield was 7.9%, based on the units’ closing price of $1.07 on 31 December 2010.

Mr Thomas Pang, CEO of Keppel Infrastructure Fund Management Pte Ltd, the Trustee-Manager of KGT, said, “KGT has achieved better performance than forecasted. We will work closely with our Sponsor to ensure that our existing port fo l io cont inues to

K-Green Trust’s profit 22.1% higher than forecast

provide stable, predictable and reliable distributions for our unitholders.

“The growing sustainable development sector now and in the foreseeable future will drive demand for waste management, water and wastewater t reatment, renewable energy, energy efficiency and other green initiatives. KGT will be well-positioned to seize these opportunities and grow our asset base.”

KGT currently owns the Senoko Waste-to-Energy (WTE) Plant, the Keppel Seghers Tuas WTE Plant and the Keppel Seghers Ulu Pandan NEWater Plant. Together, the two WTE plants can treat almost half of Singapore’s incinerable waste.

The revenue of KGT was derived mainly from three components:

recognition of construction •revenue of $16.5 million arising from the Senoko WTE P lant f lue gas upgrade; f i n a n c e i n c o m e o f •$14.0 million; revenue from operating •and maintaining the plants amounting to $35.3 million.

The underlying performance of the three assets in KGT’s portfolio is expected to remain stable. All three assets have long-term concession

agreements with Singapore statutory bodies, namely the National Environment Agency and Public Utilities Board. keppelite

K-Green Trust’s profit after listing beats forecast


Sustaining Growth 7 Sustaining Growth 7

Keppel Telecommunications & Transportation’s (Keppel T&T ) opera t ing p ro f i t improved significantly by 49% to $12.4 million due to additional contribution from the data centre business and better operating margins as a result of cost control measures.

P ro f i t be fo re tax and except ional i tems rose 15% at $75.0 million. The improvement was the result of its higher operating profit and share of profits from associated companies.

The group revenue decreased 5% in 2010 to $107.8 million due mainly to the winding down of non-core businesses and lower logistics revenue in Singapore. The lower revenue is partly offset by revenue from the data centre business.

Growth on track for Keppel T&T

For logistics, Keppel T&T is pursuing opportunities to expand into new customer segments and warehouse locations in Singapore. In addition, it is looking to grow overseas in Vietnam and China where its port in the Pearl River Delta continues to operate at full capacity.

Keppel T&T’s data centres in Ireland and Singapore are also experiencing full occupancy in its current facilities due to strong demand.

Apart from aiming to e x p a n d t h e c u r re n t facilities to further meet the high demand, Keppel T&T’s data centre fund continues to seek good quality data centre assets for investment.keppelite

In recognit ion of their financial performance, Keppel Corporation and Keppel FELS were acknowledged at the 24th Annual Singapore 1000 & Singapore SME 1000 incorporating Singapore International 100 awards ceremony.

Keppel Corporation was named the winner of the Singapore International 100: Overseas Sales/Turnover Excellence in Markets (The Americas), while Keppel FELS took home a similar award for the European market, on 21 January 2011.

Speaking about firms that grew from Singapore’s small domestic market to become regional players, Guest-of-Honour Mr Lee Yi Shyan, Minister of State for Trade and Industry, said, “A

Business excellence

good number ventured into India and China while some even secured footholds in faraway locations in North and South America, Europe and Africa.

“Those who are successful have internat ional ised. They achieve exceptional growth because they offer something unique that the markets needed. All these however, can change over time when new competitors enter the market. Our firms must continually move up the value chain ahead of competition.”

Mr Lee urged the local business community to continual ly increase its innovation capacity and invest in research and development, in order to stay ahead of competition. keppelite

Keppel T&T is doubling its warehouse facility at 44 Benoi Road in Singapore to meet the increasing demand for customised logistics services

Mr Wong Kok Seng (right) receiving the Singapore International 100: Overseas Sales/Turnover Excellence in Markets (Europe) from Guest-of-Honour Mr Lee Yi Shyan, Minister of State for Trade and Industry

8 Sustaining Growth


Keppel senior management hosted Mr Cui Guangzhi, Vice Chairman of ECAC (fifth from left), key ECAC officials, and senior officials from Singapore’s MND at Marina Bay Sands

INVeSTING IN TIANjIN eCO-CITYT h e T i a n j i n E c o - C i t y presents great investment opportunities for Singaporean companies, shared Mr Cui Guangzhi, Vice Chairman of the Sino-Singapore Tianjin Eco-City Administrative Committee (ECAC), at the Sino-Singapore Tianjin Eco-City Investment Promotion Seminar held on 7 January 2011. He also reaffirmed the commitment of the C h i n e s e a n d T i a n j i n governments to the project success.

Deepening ties with ChinaWith multiple businesses in China, Keppel is strengthening its foothold and furthering its relationship with China through investments, community contributions and partnerships.

C o - o r g a n i s e d b y I E Singapore, the Seminar was well attended by Singapore’s b u s i n e s s c o m m u n i t y a n d m e d i a . K e p p e l Corporation’s Chairman, Dr Lee Boon Yang, and CEO, Mr Choo Chiau Beng, as well as other senior management from Keppel Group were also present.

Senior Minister of State (SMS) for National Development and Education, Ms Grace Fu, delivered the welcome address highlighting the significance of the Tianjin

Eco -C i t y p ro jec t a s a showcase of innovative urban planning as well as the strong support from the Singapore government to the project.

SMS Fu also announced IE Singapore’s Tianjin Eco-City Assistance Programme (TAP). Under TAP, Singapore-based companies setting up operations in the Tianjin Eco-City can apply for a grant of up to $150,000. An initial budget of $7.5 million has been set aside for TAP, targeting about

5 0 S i n g a p o r e - b a s e d companies.

Also speaking at the Seminar was Mr Ho Tong Yen, CEO of Sino-Singapore Tianjin Eco-City Investment and Development Co., Ltd., who shared on the business opportunities the Tianjin Eco-City presents to companies looking to grow in China.

T h e s p e e c h e s w e r e followed by a lively panel discussion amongst business representatives of Singapore-based companies who have


Sustaining Growth 9

Central Park City, a township in Wuxi, is part of Keppel Land’s growing portfolio in the Jiangsu Province

invested or participated in the Tianjin Eco-City.

During ECAC’s visit, Dr Lee and Mr Choo hosted Mr Cui, key ECAC officials and senior officials from Singapore’s Ministry of Nat iona l Deve lopment (MND) to a d inner on 7 January 2011 at Sky on 57, a restaurant helmed by local celebrity chef Justin Quek and located at the highest level of Marina Bay Sands.

expANDING HORIzONSLeveraging its established track record and networks in China, Keppel Land has

widened its portfolio with new acquisitions in Nantong and Jiangyin.

The acquisit ions fol low closely on the back of two other pr ime purchases made in October last year, in Chengdu. The string of developments reflects Keppel Land’s continuous seizing of opportunities to grow its presence In China.

Waterfront homes in NantongK e p p e l L a n d C h i n a , through its wholly-owned S i ngapo re sub s i d i a r y, Merryfield Investment has

secured a 17.2-ha site in Nantong for RMB1.04 billion ( $ 2 0 2 m i l l i o n ) f o r a l a k e f r o n t r e s i d e n t i a l development.

Within the main city of Nantong, Jiangsu, the site is located in the established town centre of the state-level Nantong Economic & Technological Development Area, now home to 50 of the Fortune 500 enterprises.

The exclusive low-density residential development will comprise about 1,000 homes, ranging from villas, terraces, duplexes to high-

rise apartments supported by complementary lifestyle commerc i a l f a c i l i t i e s . Targeted at the high income segment, the first phase is expected to be launched in the first half of 2012.

“This maiden site in Nantong p re s e n t s t r e m e n d o u s opportunities as the city has been enjoying double-digit GDP growth for the past several years and is among those with the highest income growth in the Yangtze River Delta.

Continues on page 10...

10 Sustaining Growth


“We continue to be on the look-out for prime sites across c i t ies in China, e s p e c i a l l y w h e re t h e Keppel Group is enjoying strong relationships and t r a c k r e c o r d , ” s a i d Mr Ang Wee Gee, Executive Vice Chairman of Keppel Land China.

The site is conveniently surrounded by renowned primary and secondary schools, hospital facilities and a newly-opened mall, Xinghu Plaza 101. Enjoying river frontage with the Tianxingheng River in the north and the Fumingang River in the east, the site also has an existing scenic lake which will be preserved to enhance the development’s waterfront premium.

Bigger share in jiangyinKeppe l Land has a l so inc reased i t s s take in Jiangyin Evergro Properties Co., Ltd (JEP) through its indirect subsidiary, Shanghai Merryfield Land Co., Ltd.

The add i t iona l 16.5% effective stake is from JEP’s existing shareholder, Jiangyin City Development Ltd. Following the acquisition, Keppel Land’s aggregate effective interest in JEP has increased from 82.9% to 99.4%.

Incorporated in the People’s Republic of China with real estate development for sale as its principal activity, JEP owns the right to develop a residential and commercial

mixed use site located in Cheng Jiang District in Jiangyin.

The total cash consideration o f R M B 3 6 . 9 m i l l i o n ($7 .3 mi l l ion ) fo r the additional stake in JEP was arrived at on a willing-buyer willing-seller basis, taking into account, amongst other factors, the net asset value of JEP. Based on its management accounts as at 30 November 2010, the net asset value of JEP was RMB273.4 million ($54.1 million).

DOUBLe CeLeBRATIONS IN SHANGHAIAt its 10th anniversary celebrations, Keppel Land (Shangha i ) announced their collaboration with the Shanghai Charity Fund (SCF) to establish the SCF Keppel

Land China – Shanghai Charity Fund.

Keppel Land (Shanghai) donated RMB500,000 as start-up capital for the Fund. Beneficiaries of funds and the funding criteria will be in accordance with the tenets of SCF as well as the community interests of Keppel Land (Shanghai).

The event was held on 14 January 2011 at the Hotel Nikko Shanghai where Ms Jin Minzhu, Vice President of SCF, and Ms Xia Yongfang, Executive Deputy Secretary-General of SCF, formalised the establishment of the Fund.

Over the past decade, Keppel Land has built a quality portfolio of residential

developments in Shanghai, with the highly successful Park Avenue precinct in Jingan District, Villa Riviera in the Qingpu Distr ict, with 167 of 168 units of up-market villas sold, and The Springdale in the new Pudong District, with 660 of the 664 launched units sold as at 31 December 2010.

GROWING ReLATIONSHIpSKeppel played host to a number of delegations from different regions of China and shared its business insights and corporate practices.

HebeiMr L i Guang , Deputy Inspector of Hebei State-owned Assets Supervision and Administration Commission (SASAC), led a 24-strong

The launch of The Springdale in Shanghai has received positive market response

...continued from page 9.


Sustaining Growth 11

Mr Choo Chiau Beng, CEO of Keppel Corporation (front row, third from right), welcomed Mr Li Guang (front row, fourth from right), Deputy Inspector of Hebei SASAC and his delegation at Keppel’s head office (photo provided by EDU-Train Centre)

delegation to Keppel on 21 December 2010. The delegation also comprised representatives from state-owned enterprises (SOEs) managed by Hebei SASAC.

Mr Choo Chiau Beng, CEO of Keppel Corporation, hosted the delegation together w i t h o t h e r s e n i o r management from across the Group.

The Hebei SOE representatives were keen to share with Keppel their businesses and oppor tun i t i e s fo r cooperation.

HangzhouA five-member delegation from the Hangzhou East Software Park (ESP) visited Keppel Corporation on 5 January 2011. Warmly received by Dr Lee Boon

Yang, Chairman of Keppel Corporat ion , together with senior management, they discussed potential o p p o r t u n i t i e s f o r collaboration. T h e H a n g z h o u E S P delegat ion a lso v is i ted K e p p e l D a t a h u b o n 6 January 2011. Hosted by Mr Pang Hee Hon, CEO of Keppel Telecommunications and Transportation (Keppel T&T), they gained insights into the company’s business and learnt about its highly resilient and energy-efficient data centres.

jilinAs Chinese cities look to reputable foreign logistics players with a strong track record to support their growth, Jilin Vice Mayor Mr Zhou Huachen, visited

Keppel T&T on 15 January 2011 with a delegation of trade officers to explore opportunities for the Jilin Food Zone project.

WuhanOn 18 January 2011, Mr Dan Changchun, Vice Chairman of Wuhan Eastlake High-Tech Development Zone Administrative Committee, and his officials visited Keppel Seghers Ulu Pandan NEWater Plant (UPNP) to understand Keppel’s water solutions.

Received by Mr Allen Loh, GM (Sustainable Development) o f Keppe l I n t eg ra t ed Engineering, the Wuhan officials shared their plans for the Sino-Singapore Science Park (Wuhan), which aims to create an open, diverse and liveable city.

NantongOn 19 January 2011 , Mr Goh Toh Sim, Keppel C o r p o r a t i o n ’s C h i e f Representative in China, and senior management from across the Group welcomed 28 visitors from Nantong, led by Ms Li Ling, Vice Chairman of General Management Office of Sutong Science and Technology Industrial Park.

Presentations on the Group’s businesses and corporate g o v e r n a n c e p r a c t i c e s were followed by l ively discussions on the deepening ties between Keppel and Nantong. keppelite



WongPartnership, Ashurst and McGraw Hill join a stellar line-up of financial and business heavyweights at MBFC, including American Express, Barclays Capital, BHP Billiton, Credit Suisse and Thomson Reuters

Marina Bay Financial Centre (MBFC) has reinforced its position as one of the leading business and financial centres in Asia.

Tower 3, under Phase 2 development of MBFC, has achieved a pre-commitment level of over 66%, one year ahead of completion. The new lease agreements were inked with tenants on the back of rising demand for prime Grade A office space.

Law firms WongPartnership and Ashurst s igned up for about 93,000 sf and 21,000 sf respect ively, while global information and education company McGraw Hill took up about 31,000 sf.

Altogether, the combined 145,000 sf of office space leased marks an 11% point increase for Tower 3’s pre-commitment level in six months. Mr Wilson Kwong, CEO for Raff les Quay Asset Management, the Manager for MBFC, said, “MBFC’s s t rateg ic locat ion and premium quality as well as its portfolio of prestigious tenants ensure that it is well

Home to multi-nationalspositioned to benefit from the strengthening of the office market.”

The distinguished tenant slate at Tower 3 include anchor tenant, DBS, which has leased 700,000 sf for its headquarters, including 55,000 sf for a banking hall and auditorium; as well as American Express, Barclays Capital, BHP Billiton, Macquar ie, Murex and Namura.

Expected to be completed in 1Q 2012, MBFC Tower 3 is a 46-storey bui lding offering about 1.3 million sf of office space. Towers 1 and 2 under the earlier phase were fully leased ahead of completion.

Occupying a prime waterfront location in the heart of the Marina Bay precinct, MBFC is an exciting lifestyle hub with a seamless integration of residential, business and retail facilities. The recent opening in November of its retail component, the Marina Bay Link Mall, adds to the round-the-clock buzz from surrounding attractions such as the Esplanade Theatres on the Bay and Marina Bay Sands integrated resort. keppelite



Keel laying work began at Keppel FELS for the stern section of Noble Drilling (Nederland) B.V.’s drillship, Noble Roger Eason, on 28 December 2010. P re - fabr i cat ion of the stern block is being carried out in Singapore before transportation to Brazil for jumbolising with the existing vessel. Work scope to be undertaken at the BrasFELS yard in Angra dos Reis covers the fabrication, repair and replacement of certain components.

Over at Rotterdam, the N e t h e r l a n d s , K e p p e l Verolme’s ability to meet ma rke t demands and deliver on its promises has been reinforced with the safe and timely completion of upgrade and repair jobs for a pipelay vessel, Lorelay and a semisubmersible drilling rig, Paul B. Loyd, Jr.

Mr Harold Linssen, MD of Keppel Verolme, shared, “Over the years, Keppel Verolme has proven that it is capable of handling difficult upgrading, modification and repair jobs. We have a proven track record and we are happy that our regular clients such as Transocean and Allseas entrust us with their major projects.”

Global projectsProjects across Keppel Offshore & Marine’s yards are well underway.

The job scope for Swiss-based Allseas’ pipelay vessel involved replacing two existing main thrusters with more powerful units, equipping the pipe supporting stinger with new roller box guides and upgrading the wire winch system.

Work done for UK-based Transocean’s semisubmersible dri l l ing r ig includes an e x t e n s i v e r e p a i n t i n g programme, installation of two new thrusters and a new crane, overhaul of anchor chain winches and equipments, as well as upgrading the galley and locker room. keppelite

Keppel Verolme has completed the upgrading job for Lorelay, a pipelay vessel for valued customer Allseas Group

Celebrating the keel laying of drillship Noble Roger Eason’s stern block were Mr Tong Chong Heong (second from right), CEO of Keppel Offshore & Marine and Mr Blake Denton (extreme right), Project Manager at Noble Drilling together with the project teams



W ith a long- s tand ing relationship with Brazil and as one of the key Singaporean inves tors in the Lat in American country, Keppel is often called upon to support the Singapore government’s efforts in furthering the friendly bilateral relations between the two countries.

Mr Choo Chiau Beng, CEO of Keppel Corporation, is also

Advancing good relations with BrazilMr Choo Chiau Beng, CEO of Keppel Corporation, participated in a media initiative to raise Singapore’s profile in Brazil.

Singapore’s Non-Resident Ambassador to Brazil. His many years of doing business in Brazil and his familiarity with the country make him an ideal spokesperson for Singapore in Brazil.

In March this year, Singapore’s ties with Brazil are set to move forward with the launch of a thrice-weekly flight by Singapore Airlines

to Sao Paulo, the largest city in Brazil. IE Singapore and Singapore Tourism Board are leveraging this significant milestone to enhance the two countries’ business and social interactions.

As part of this effort to raise Singapore’s profile in Brazil, Mr Marcio Moraes, the host of a series of popular travel and business

television shows in Brazil, was in Singapore recently to conduct an interview with Mr Choo.

Mr Moraes had two key questions for Mr Choo: how Keppel started its c lose relat ionship with B r a z i l a n d w h a t opportunities are available in Singapore for Brazilian businesses.

Mr Choo Chiau Beng (right) with former Brazilian President Lula Da Silva (second from right) at the recent naming of the P-57 FPSO in Keppel’s BrasFELS yard





For its unwavering vigilance on safety, Keppel Shipyard has received recognition from its customers.

A Safety Excellence Award was presented to the workforce and construction teams of Keppel Shipyard (Benoi) and Emas Offshore Construction and Production (EOCP), for achieving two mil l ion safe man-hours for work onboard the Floating Production Storage Offloading (FPSO) vessel, Lewek Emas, for EOCP.

Representatives from Premier Oil, the client of EOCP, were also present to celebrate the occas ion. Held on 15 December 2010, 20 awards including the Best Safe Worker, Best Safe Techn i c i an , Bes t Sa fe Supervisor, Best Safe Foreman, Best Safe Engineers, Best Safe Contractor, including five for the subcontractors’

Partnership in safety

safety performance were given out.

Mr Michel Nagel, Project Manager of EOCP, said, “Congratulations to both the Keppel and EOCP teams on achieving this outstanding achievement. The aim of the project will be to leave the yard without a blemish on an outstanding safety record.”

On the same day, the project teams of Bumi Armada and Keppel Shipyard, along with the client of Bumi Armada, Hoang Long Joint Operating Company (HLJOC), also commemorated one million safe man-hours worked for the conversion of the Te Giac Trang (TGT) FPSO. Bumi Armada and HLJOC jointly presented a cheque of $20,000 and a plaque to Keppel Sh ipyard in recognition of the safety efforts. keppelite

Mr Hassan Basma, ED and CEO of Bumi Armada commemorating the milestone with a cheque presentation to Mr Louis Chow, GM (Commercial) and Mr Burt Loh, GM (Projects) of Keppel Shipyard

“We have known Petrobras, Brazil’s national oil company, since the 1980s, when we did some repair jobs for them. At that time, there was a rig boom, but Petrobras was more focused on Europe, where most of their rigs were built in France. They were not ready to come to Asia.

“ T h e n i n t h e 1 9 9 0 s , Odebrecht, a Braz i l ian company who owned some drilling rigs, brought some jackups for Keppel to repair. Odebrecht subsequently invited us to partner them in jobs, and we jointly bidded for the tender from Petrobras for the P-18. The agreement was for us to build the hull in Singapore, and Odebrecht would do the topside in Brazil. We completed the P-18 and it was the best project for Petrobras at that time. We helped them to make money, and of course we also made money”, commented Mr Choo.

On how Keppel grew its relationships with customers like Petrobras, Mr Choo said, “The oil business is a very nationalistic business, and we understand that it is the driving force for governments, and so we decided to work closely with the governments.

“Singapore has no home market and so we need to be near our customers and near our markets – this is the only way to develop our business. We also believe our customers must win so that

we can have a sustainable business.”

On areas in which Brazilian businesses can benefit from Singapore, Mr Choo commented, “Singapore is very complementary to Brazil. We are a hub for the Asian region and we welcome businesses to come to Singapore.

“For Keppel , we are cu r ren t l y comb in ing our expertise in our key businesses in offshore and marine, infrastructure and property to tap opportun i t ies in the area of urbanisation and sustainable development. We have formed a team to focus on this, and we think there are abundant opportunities in Asia, especially in China. “Singapore went through urbanisation and today we are a modern city w i th good hous ing , in f ras t ructure , c lean air and water. Brazilian companies can come to Singapore to understand all the urbanisation issues which Singapore had to tackle. They can also reach out to other parts of Asia through Singapore.

“I would like to extend a personal invitation to all Brazilian citizens, businesses and government officials to come to Singapore, to tap on Singapore’s position as a hub to 3.3 billion people in Asia.” keppelite



pOSITIVe CLIMATe SCOReSLast year, some 3,586 Keppelites participated in the second Group-wide organ isat iona l c l imate survey (OCS) registering a r e s o u n d i n g 9 4 . 5 % response rate of the sample size. The sample size was determined in accordance to the percentage of employees that each business unit

Employer of choiceResults from internally and externally conducted surveys showed Keppelites pleased with their work environments and proud to be working for Keppel.

comprises relative to the whole Keppel Group.

The high response rate is encouraging as it shows that there is a keener sense of belonging in the Keppel team and a growing interest to engage in the organisation’s growth.

The OCS is conducted annua l l y a t y ea r end

to al low employees to s h a re t h e i r f e e d b a c k and suggestions which provide insightful findings to help the organisation i d e n t i f y s t re n g t h s a s well as opportunities for improvement.

The overall score for 13 key categories was 4.62 out of 6.0. With scores above 3.5 denoting positive range,

there is an average increase of 3.47% on the overall score as compared with the 2009 poll. Categories achieving the greatest improvement are Training & Development, Health & Work-Life Balance and Management – General.

Keppelites can be assured that the findings and feedback are taken seriously. The Company wil l continually engage

3.5

3.7

3.9

4.1

4.3

4.5

4.7

4.9

5.1

2009 Average

2010 Average

Neutral Score



BG (NS) Tay Lim Heng, CEO of Keppel Integrated Engineering and Head, Sustainable Development of Keppel Group (second from right), shared the Group’s experience in sustainable development at the India Symposium

Critical to overcoming the growing infrastructure development challenges of India’s rapidly urbanising cities are innovative, sustainable solutions. These and other related topics were discussed at the India Symposium, themed ‘Indovations: Ideas for the World’, held on 14 January 2011 at the Suntec International Convention and Exhibition Centre.

Keppel, with its experience in sustainable development, is well placed to contribute to India’s infrastructure development and be the partner of choice as India builds its capacities to fuel growth.

Meeting India’s infrastructure needs

Sharing Keppel’s expertise and experience was BG (NS) Tay Lim Heng, CEO of Keppel Integrated Engineer ing and Head, Susta inable Development of Keppel Group, at the session on ‘Building Infrastructure, Building a Sustainable India’. He spoke on the Group’s experience in sustainable

development, particularly in the Sino-Singapore Tianjin Eco-City project.

Other key points discussed were the next steps for India to meet its infrastructure needs, project financing as well as lessons which India can draw to its advantage f rom deve lopments in

sustainable infrastructure in other countries.

Dignitaries who attended the Symposium include Singapore’s Minister for Trade and Industry, Mr Lim Hng Kiang, and India’s Minister of Commerce and Industry, Mr Anand Sharma. keppelite

Mr Chee Jin Kiong, Director (Group Human Resources) of Keppel Corporation (left), receiving the Top 10 Most Desired Companies to Work For Award from Mr Eiichiro Kojima, Director and General Manager of Meemo Pte Ltd

Keppelites through regular dialogues and communication as it reviews and refines policies and programmes to reinforce its position as an employer of choice.

TOp 10 MOST DeSIReD WORKpLACeKeppel Corporation was named as one of the Top 10 Most Desired Companies to work for in a survey, conducted by Boardroom Research, commissioned by PeopleSearch.

T h e i n a u g u r a l a w a rd applauds the efforts that companies have put in to employer branding and their attractiveness to talents in

Singapore. At the ceremony on 21 J anua r y 2011 , Mr Chee Jin Kiong, Director (Group Human Resources) of Keppel Corporation received the award.

A key component of an organisation’s success is its people factor. To lead the Company into future phases of growth, Keppel adopts a holistic approach in hiring, developing and motivating its employees.

With people as a core asset, Keppel seeks to continually grow and enhance the capabilities of its worldwide manpower and talent pool. keppelite

18 Special Focus


Spanning its yards across Singapore and the US, Keppel delivered two jackup rigs to repeat customer, Rowan Companies, Inc. (Rowan).

Two in a rowN Class rigs being built for Rowan, safely, on time and within budget. The rig was named Rowan Stavanger at Keppel FELS on 22 January 2011 by Lady Sponsor, Mrs Amy Ralls, spouse of Mr Matt Ralls, President and CEO of Rowan.

Mr Matt Ralls said, “Our acquisition of Skeie Drilling and Production and three high-specification KFELS N Class rigs in the third quarter of 2010 has strengthened Rowan’s market-leading posit ion worldwide for jackups with hook-load capacities of two million pounds or more whi le prov id ing us wi th the additional capacity to meet our customers’ stringent operating requirements for their most challenging wells.

“Our first KFELS N Class jackup, the Rowan Viking, is expected to commence a 19-month assignment in the UK sector of the North Sea with Total UK in March 2011. The Rowan Stavanger is yet another outstanding product of the talent and hard work demonstrated by the Keppel FELS and Rowan project teams. The high-specification KFELS N Class rigs are among the most capable jackups in the world and we are very pleased to add them to the Rowan fleet.”

The back-to-back deliveries demonstrate Keppel’s ability to successfully undertake a variety of projects and meet market needs.

STARTING 2011 WITH DeLIVeRY OF ROWAN STAVANGeRKeppel FELS has delivered the second of three KFELS

The proprietary design of Keppel’s R&D arm Offshore Technology Development (OTD), the KFELS N Class jackup is able to operate efficiently in some of the harshest offshore environments in the world

19


Keppel AmFELS achieved another milestone delivery of Rowan EXL-III, the third of four EXL jackups, to a subsidiary of Rowan ahead of schedule and within budget

Commendation note

Equipped for demanding drilling requirements in harsh weather environments, this high-specification jackup design is a product of Keppel’s rich experience in constructing rigs for the North Sea region since 1985.

The proprietary design of Offshore Technology Development (OTD), Keppel’s R&D arm, the KFELS N Class rig has features that allow dri l l ing and production concurrently.

At 568 feet (extendable to 598 feet) or about 56 storeys tall, this jackup unit can operate in severe weather conditions in water depths of 400 to 500 feet, which are 40% deeper than traditional units in benign waters.

It is also able to drill to depths of 35,000 feet, which is 15% deeper compared to existing harsh environment jackup rigs.

Mr Wong Kok Seng, MD of Keppel FELS, said, “In recent times, Norwegian oil companies have expressed their intent to drill additional exploration wells in 2011. Some 60 wells have been identified and 23 are located in the North Sea.

“In addition to the growing high-specification jackup market, this bodes well for companies with ready-to-drill premium jackups in hand. We trust that the N Class jackups will prove to be valuable

assets to Rowan as it answers the call for demanding drilling services.”

Construction of the third KFELS N Class rig at Keppel FELS, which is to be named the Rowan Norway, is on schedule with expected delivery in the second quarter of 2011.

CHRISTeNING ROWAN exL-III IN TexASKeppel AmFELS delivered the third of four EXL jackup rigs to a subsidiary of Rowan ahead of schedule and within budget.

The jackup was christened R o w a n E X L - I I I o n 2 2 December 2010 by Mrs Barbara Ladner, spouse of Mr Laron Ladner, Operations Construction Manager and employee of 41 years for Rowan.

Upon departing Keppel AmFELS’ yard in Brownsville, Texas, the unit will commence operations on an ultra deep gas wel l for McMoRan Exploration Company in the Gulf of Mexico.

Mr David Russell, Rowan’s Executive VP of Dril l ing Operations, said, “High-end jackups will have a key role in the future of offshore drilling. Demand for such units is strong.

“The addition of the EXL units to our high specification jackup fleet fortifies Rowan’s market leadership in this segment. We are delighted

with the early and safe delivery of Rowan EXL-III, made possible by Keppel AmFELS’ dedication and the strong teamwork between our teams.”

Mr G.S. Tan, President of Keppel AmFELS, said, “Being strategically located in the Gulf of Mexico enables Keppel AmFELS to serve our key customers well.

“We are pleased to build on our valued partnership with

“We take great pride in our vision of ‘committing ourselves to an injury free workplace’ as stated in Rowan’s Mission Statement and we are proud to work with a company that is just as committed to that vision. Congratulations

on the outstanding safety record your team had during the construction of the Rowan Viking.” Mr David RussellExecutive VP of Drilling OperationsRowan Companies, Inc.

Rowan, with the superb completion of the third EXL jackup. We are confident that this fine jackup will deliver the outstanding performance that sets apart Rowan’s EXL series of high specification rigs, which serve its customers optimally.”

Meanwhile, Keppel AmFELS is progressing smoothly with the construction of Rowan’s fourth jackup rig, which is on track for delivery 1Q 2012. keppelite



MAKING A VISION ReALITYIs your work environment as safe or unsafe as you think it is? That is what the Keppel Safety Perception Survey, administered across the Keppel Group, aims to find out.

Launched on 5 January 2011 by the Chairman and CEOs of Keppel’s business units, who were the first participants, the survey marks a critical first step in efforts to enhance Keppel’s Safety Management System. This review is part of the Keppel Workplace Safety and Health 2018 initiative.

M o r e t h a n 2 0 , 0 0 0

Leading in safetySafety systems and processes are only effective when workers are aware and vigilant. Leadership in safety is key to this, and while not short of exemplary safety personnel even in subsidiaries located as far flung as Belgium, Keppel is looking to actively increase its pool of safety ambassadors.

employees and subcontract workers participated in the 24-question survey which will help in the assessment of Keppel’s current state of safety and the determination of the actions needed to improve safety culture, systems and performance.

An internal pool of assessors from across the Group will be trained and equipped with safety competencies to address the gaps between the actual and perceived safety assessments, based on the survey and on-the-ground evaluations. They will subsequently develop benchmarking indicators and introduce safety roadmaps

for indiv idual business units.

Chairman of the Board Safety Committee, Mr Sven Ullring, said, “DuPont, the world’s

top safety consultants, are assist ing us in our self assessment exercise. Part of their scope is to impart their know-how to us and subsequently leave us to run by ourselves. This is to ensure we will not need consultants in the future, just auditors, every second year or so, to make sure that we are in compliance with our own systems and procedures.

“This exercise will provide us with the tools to significantly improve and align safety across our business units. We need to build up a pool of key personnel across business units, hierarchies and professions to foster a culture of safety. Passionate and well trained in safety, their mission is to infect the others

Leading by example, the Keppel Board Safety Committee together with the heads of Keppel’s Business Units were the first to take the Safety Perception Survey

Key thrusts of Keppel WSH 2018

1. Establish an integrated WSH framework across businesses worldwide

2. Implement an effective safety management system

3. Enhance safety ownership

4. Strengthen safety partnerships



Mr Ivan Christiaens, GM of Keppel Seghers Belgium (left), presents the certificate recognising Eddy Schnabel, Site Manager as the Safety Employee of the Year 2010

around them to be safety ambassadors as well.”

The Keppel WSH 2018 initiative aims to significantly reduce the company’s incident rates by implement ing u n i f o r m s a f e g u a r d s , increasing accountability and promoting ownership across all its business units.

LIFeTIMe ACHIeVeMeNTIn recognition of his lifelong commitment to safety and service to the company, Eddy Schnabel has been named Keppel Seghers Belgium’s Safety Employee of the Year 2010.

The Award is organised by Keppe l I n t eg ra ted E n g i n e e r i n g ’s ( K I E ) Environment, Health and Safety (EHS) Department in

conjunction with the KIE EHS Convention 2010/2011.

E n s u r i n g h i g h s a f e t y standards are maintained on site has certainly been a way of life for Eddy, who has worked for the company for more than 17 years.

T h e 6 2 - y e a r- o l d S i t e Manager has supervised the cons t ruc t i on and commissioning of more than a dozen waste-to-energy and sludge treatment projects awarded to Keppel Seghers from customers across the globe.

Mr Ivan Christiaens, GM of Keppel Seghers Belgium, said, “Eddy has also always keenly shared h is r ich experience and knowledge with younger Belgian and

Singaporean colleagues, and also with workers, clients and subcontractors, who have no doubt learnt and benefited from him.

“We are very proud of Eddy who has been a loyal employee and an outstanding model of safety. With this award, we wish to express our appreciation to his longstanding service and contributions to the company.”

From China to Korea, and from Sweden to Germany, the projects under Eddy’s watchful care have been successful ly completed without any safety issues.

C o m m u n i c a t i n g w i t h co-workers o f d i ve r se nationalities and languages

can be a challenge, but Eddy overcame this with his own way of communicating his brand of safety values and tried-and-tested practices.

Every time he goes on site, it is without fail that he carries a pen and paper. When he notices someone working unsafely, he takes the time to stop them and warn them of the hazards, sometimes even through drawings or hand signs. He joked that “I get along with people because I draw well.”

Eddy’s enduring vigilance and care for human life has helped kept many of Keppel’s projects and his co-workers safe.

On receiving the award, Eddy said, “I appreciate the opportunities given to me by the company to work abroad and share my safety knowhow with people from all over the world.”

C h a n K i m Ya m , E H S Manager, KIE, shared, “By acknowledging Keppelites with exemplary performance in safety, we hope to encourage more to imbibe a unified group-wide safety mindset and fortify our shared safety competencies.”

Keppelite wishes Eddy a happy retirement in January 2011, which will see Eddy spend more time with his wife and three grandchildren. keppelite



Fong, GM, Marina at Keppel Bay.

“In recent years, we have seen an upward trend in the number of megayachts transiting Singapore, many of which are keen to explore the cruising grounds and islands around the South East Asian region.

“Many such luxury yachters from various parts of the world including USA, France, Italy, the Mediterranean and even Asia such as Hong Kong, have made Marina at Keppel Bay their home port.”

Built by world-class marina builder, Bellingham Marine, the Marina’s pontoons

A yacht of fancyMORe DRAW FOR BIG BOATSAs Singapore continues to gain repute as a key sailing dest inat ion for luxury superyachts and megayachts, Marina at Keppel Bay is catering to rising demand for berthing space with its recent completion of two new piers.

The Ma r i na c an now accommodate a total of 168 yachts from 40-foot yachts up to superyachts spanning more than 280 feet long.

“With our new pontoons, we will now be able to accommodate even more superyachts, reaffirming our position as Asia’s leading marina,” shared Mr Trevor

Where luxury and adventure meetThe Marina at Keppel Bay is not just home to superlative boats but also a training ground for sailing enthusiasts. Even as new piers were added, trainees for the Clipper race were embarking on an adventure of a lifetime.

Marina at Keppel Bay – waterfront playground for the privileged

Testament to Singapore’s growing interest in sailing and yacht ownership, Marina at Keppel Bay hosted a yacht investment seminar on 20 January 2011 by Premium Nautical held at The Wine Glass.

The seminar was well attended by 45 prospective yacht-owners who learnt about the requirements a n d re s p o n s i b i l i t i e s involved in owning a yacht from Mr James Purves, GM, Premium Nautical.

Mr Jonathan Lau, Director, G l o b a l R e l a t i o n s h i p Management & Investment A d v i s o r y, S t a n d a r d Chartered Private Bank who attended the seminar said, “Yachts are not a typical asset class that m o s t p e o p l e w o u l d consider. This seminar was extremely useful, providing insight and guidance on the features, benefits, risks and costs of investing in yachts.”



employ the industry’s most advanced concrete floating pontoon s y s tems and offer a deep water basin with depths ranging from 5 to 12 m (chart datum).

The marina’s largest berths also offer 400 amps of power, reticulated vacuum sewer pump-out system, potable water, wireless internet access, and cable outlets. Both power and water usage at each berth are monitored via a metering system.

Extra wide gangways and pontoons allow the Marina’s buggies the space to ferry passengers and luggage to and from the yachts.

CATCHING WINDSA dozen adventure seekers caught not only the tails of

the wind, but tales of an adventure unpredictable, while training at the Keppel Bay Sailing Academy (KBSA) from 12 to 17 December 2010.

The 12 enthusiastic sailors ha i l ing f rom d i ffe rent countr ies bonded over spinnaker training and various other race tactics as they sailed from Marina at Keppel Bay, Singapore to Nongsa Point Marina, Batam.

They were t ra in ing a t KBSA in preparation for their ocean-plying Clipper 2 0 1 1 - 1 2 R o u n d t h e World Yacht Race (Clipper Race). KBSA is the only recognised Clipper Race training centre outside of the UK.

KBSA’s Chief Instructor, Tan Thong Meng (front row, second from left) and Assistant Chief Instructor, Lynnette Leong (front row, extreme right) with the students from their Clipper Round the World Yacht Race Level 2 Training course held at Marina at Keppel Bay

For Wayne Reed, a logistics coordinator from Australia, undergoing Clipper Race training at KBSA in Singapore allowed him to enjoy his Christmas holidays here at the same time.

Wa y n e s h a r e d , “ T h e training was informative and interesting as both instructors had competed in previous Clipper Races. Their advice regarding preparing for the Clipper Race was invaluable.

“The most interest ing moments were sailing in close proximity to such a large number of ships b o t h a t a n c h o r a n d underway. The night sail in such a busy waterway was very challenging and exciting.”

Will Parbury, a scuba diving instructor from Australia, noted, “The training was fantastic, especially with the high quality of the Beneteau First 40s yachts we used. The instructors also had a wealth of knowledge to share. I am looking forward to coming back to Singapore during the official race stopover.”

One o f the younges t participants in this year’s Clipper Race, 18 year-old Singaporean Sherlyn Chen found the experience of living and training with people of various age groups and nationalities eye-opening.

“Part of the appeal of the Clipper Race is that its participants come from various backgrounds, ages and professions, which afforded the opportunity to hear alot of interesting life stories which I enjoyed i m m e n s e l y, ” s h a r e d Sherlyn.

For cancer survivor, Dale Blackwood, the training encouraged him to keep his body physically fit for the race and brought out the Can Do! spirit. He said, “I was very apprehensive about the training because even though I was given the green light, I was not sure whether my body was ready to undergo such physical exert ion. However, training was an exhilarating experience, and I now know that my body is much stronger than I had thought.” keppelite



No cutting corners

Taking innovation to a greater level, Keppel FELS hosted the 7th National Innovation and Qual ity Circles (iQC) Convention and fielded several teams to participate.

A total of 14 iQC teams who had attained commendable results at Keppel FELS’ in-house Innovation Month dur ing September and O c t o b e r 2 0 1 0 , w e r e shortlisted to participate at the national stage.

Held on 20 December 2010, the Convention proved to be an effective platform for iQC teams to showcase their projects, share their findings and experiences, as well as trade ideas. It was a l so an extended opportunity to foster closer teamwork and promote learning in innovation for

Striking awards for innovation

t h e K e p p e l F E L S participants.

Keppel FELS’ teams made a remarkable achievement of garnering one Star Award, seven Gold Awards and six Silver Awards at the National iQC Convention. The crowd favourite, team TOICA from Production (Mechanical) took home the coveted Star Award for identifying a safe and effective method for equipment installation on the derrick of rigs built at the yard.

On top of reducing man-hours and costs required, TOICA’s innovation upped the safety factor which would prove invaluable for work carried out during the rigbuilding process.

Joining in efforts to improve workplace processes was

The multi-vacuum testing box developed by the Hull team from Keppel Shipyard (Gul) is expected to save the company more than $10,000 annually and 75% of the time required conducting vacuum tests.

A ship requiring repair on its tank bulkhead or shell plate must be tested for water tightness and vacuum testing is one of the faster and easier methods used. However, this can only be used on flat surfaces.

The multi-vacuum testing box solves this problem as it has different designs s p e c i a l l y m a d e t o accommodate corners, curves and manholes. Easy to use and portable, the innovation has become the standard for this type of work.

This vacuum testing box has special designs to accommodate corners, curves and manholes

team Sparks Arrestor from Sin Hong Thai Engineering Pte Ltd, which won a Gold Award for designing

Innovative solutions conceptualised by Keppel FELS’ employees are able to reduce man-hours and costs required, as well as achieve improvements in safety

a fire containment device to minimise falling sparks during hot work. keppelite





Riviera Point, Keppel Land’s mixed-use development located in District 7 of Ho Chi Minh City (HCMC), Vietnam, is setting new benchmarks in quality waterfront living.

An exclusive VIP preview held on 15 January 2011 at the project’s show gallery saw a turnout of 250 guests. The project is jointly developed by Keppel Land and reputed V ietnamese deve loper, Tan Truong.

Addressing the audience at the event, Mr Linson Lim, President (Vietnam, Thailand and the Philippines) of Keppel Land, said, “Our offerings at Riviera Point are in line with our commitment to continue to create desirable live-work-play environments. We remain committed to grow in and with Vietnam over the long term as we continue to build homes of enduring value for the community.”

Choice developer in Vietnam

As the tallest development in District 7, Riviera Point is set to transform the city skyline as a new iconic landmark and offer residents breathtaking views as well as myriad recreational facilities at their doorstep. The project will officially launch in 2Q 2011.

Also in Vietnam, Keppel Land’s hospitality arm, Sedona Suites (HCMC) and Sedona Suites (Hanoi), have received the annual Golden Dragon Award 2010 for the third and second consecutive year respectively, in recognition of its significant contributions to Vietnam’s economy and transparency framework.

The award was jo int ly conferred by the Vietnam E c o n o m i c T i m e s a n d Foreign Investment Agency, a unit under the Ministry of Planning and Investment, on 23 January 2011. keppelite

Mr Doan Anh Hung, Deputy GM of Keppel Land Vietnam introducing Riviera Point to Mr Le Trong Hieu, Party Secretary and Mr Nguyen Thanh Trieu (with tie), Chairman of People’s Committee, District 7, HCMC

P ruden t i a l Towe r ha s received the Singapore’s Building and Construction Authority (BCA) Green Mark Gold Award on 27 December 2010. Prudential Tower demonstrated savings on ene rgy and wate r consumption, environmental protection and optimal indoor environmental quality.

Through chiller optimisation, Prudential Tower slashed 1 3 % o f i t s e n e r g y

consumption. Further savings are expected when motion sensor-controlled staircase lightings are implemented this year. Water sub-meters have also been installed to monitor consumption levels and detect water leakage.

Launched by BCA in January 2005, the Green Mark Scheme encourages and promotes environmental awareness in the construction and real estate sectors. keppelite

Gold standard in green practices

Prudential Tower was recently awarded the Green Mark Gold Award for its environment friendly features



Passing on the knowledge – Some 200 Keppelites, including members from Keppel O&M’s senior management and working teams flocked to the productivity sharing sessions conducted by Keppel YL

young Leaders get productiveFormed just six months ago, the Keppel Young Leaders (Keppel YL) initiative has sparked action with a variety of projects and social activities for high-potential employees of the Keppel Group.

K e p p e l Y L h a s m a d e headway with seven special projects covering broad areas in business process and productivity improvement, knowledge building, the pool ing of technology assets, business analysis and community outreach.

Some 70 active members from across business units have been drawn into various working committees to drive these high-impact projects.

Notably in mid-January this year, the Young Leaders concluded the first phase of a productivity enhancement programme for the Keppel Offshore & Marine (Keppel O&M) group. This project also involved a study trip to survey some of Korea’s leading shipyards and a visit to the 2010 Marine Tech Korea Exhibition held in Changwon city.

“Sh ipp ing i s a ma jo r cornerstone of South Korea’s economy, and the country is home to some of the biggest shipbuilders in the world. The purpose of our trip was to get acquainted with the best practices, work flows

and technologies employed by these major shipyards, and see how we can learn and adapt them,” said Vice President of Keppel YL and Project Lead, Loh Kee Huat.

Following this study trip, the project team shared the knowledge they gained with several seminars held for Keppel O&M companies in Singapore. In all, these sharing sessions drew some 200 Keppelites, including members from senior management and various productivity teams across the yards.

“While not everything is applicable to us due to variances in operating models and facilities, the opportunity to observe these foreign shipyards was an eye-opener for many of us. Even those who attended the sharing sessions found new impetus to develop and improve their own processes,” added pro ject team member, Andy Ng.

Some of the recommendations made at the sharing sessions will be adopted by various ya rds , and t racked in the second phase of this extensive project.

The Keppel O&M productivity initiative is just one of several high-impact projects driven by Keppel YL. Young Leaders are given opportunities to champion and participate in significant projects and

cross-border assignments such as this, to help them develop a global mindset and a spirit of innovation and entrepreneurship.

In addition to the rich exposure and learning experiences, the Young Leaders will also enjoy greater interaction with one another, thereby advancing the Group’s global synergy and collective strength. keppelite

Getting up close with the shipyards in Korea are Young Leaders Quek Shian Pin of Keppel Singmarine, Loh Kee Huat of Prime Steel Kit and Celina Chan of Keppel FELS with their project advisor Sam Weng Kuan (second from right)



Once, a ship repair yard at the waterways of Keppel Harbour more than 40 years ago, Keppel Bay is today a top destination for premier waterfront living

Rich heritagein Singapore. Its maritime legacy saw it selected as one of 50 iconic landmarks chosen by the Economic Development Board (EDB) for a Heritage Relay.

Held on 18 January 2011, the event is the first in a series of celebrations to mark EDB’s 50th anniversary this year. A team of 10 Keppelites participated in the relay, racing together with the EDB contingent from Alexandra Road to Marina at Keppel Bay (MKB). As venue sponsor, MKB contributed water bottles to the goodie bags.

Ms Wang Look Fung , GM of Group Corporate Communications, Keppel Corporation, said, “We are happy that Keppel Bay is recognised as a Singapore heritage site by EDB and participants of the run learnt

more about the history of Keppel and Singapore.

“In many ways, the story of Keppel mirrors Singapore’s. While Singapore prospered as an entrepot, Keppel benefited from this growth. We began as a small ship repair yard at the historic Keppel Harbour site, which is now known as Keppel Bay.

“Over the 40 odd years that followed, with competencies built up in the marine industry at Keppel Harbour, we grew into a global company with leading businesses in Offshore & Marine, Infrastructure and Property, and with presence in over 30 countries.” keppelite

Mr Nelson Yeo, MD (Marine) of Keppel Offshore & Marine (in boiler suit) represented Keppel to receive a commemorative baton as token of appreciation from Mr Lim Kok Kiang, Director of Transport Engineering at EDB

Ria Bintan Golf Club has added to its reputation as a world-class golfing resort with the opening of its 31-room Ria Golf Lodge.

Styled to match the beauty of its surroundings, the rooms offer picturesque views of the award-winning golf course set against the majestic South China Sea.

Each room is furnished with

New luxury lodge at golfing paradisethe latest in technology, including an LCD television with a variety of cable channels, wireless internet access, in-room personal safe and a host of other unique features. Ria Bintan Golf Club’s golf courses, among one of the best in Asia, offer a truly memorable stay for those seeking the perfect golf vacation. keppelite

The largest room at Ria Golf Lodge is the 47-sqm Albatross Room, complete with three single beds, a living room area and a spectacular panoramic view of the golf course

28 Empowering Lives


Man of many anecdotes, Mr Seow, or TK as he is fondly known, has served in various engineering positions and been involved in a myriad of local and overseas work.

At the grand age of 70 when most would have retired, TK continues to work tirelessly and mentor generations of young Keppelites. Not stopping to take a break even after recovering from cancer last July, TK bounced back to action with passion and zest.

His optimistic spirit was evident at the Lecture held on 13 January 2011 at the National University of

Vibrant forty years at Keppel Sharing gems of his experience gathered from four decades of working with Keppel, Mr Seow Tiang Keng, Senior Manager (Electrical and Instrumentation) at Keppel FELS, was the speaker at the 8th Keppel Offshore & Marine Lecture.

Singapore (NUS). Entitled Forty Years Passage of Passion, the event was jointly organised by NUS and Keppe l under the auspices of the Keppel Professorship in Ocean, O f f s h o re a n d M a r i n e Technology, and attended by a captive audience of over 200. “I used to work at the old Keppel Shipyard at Telok Blangah way back in 1969. I joined as an electrical engineer at 29 and was the first non-mechanical person to be trained as a ship repair manager. That was quite a big thing for me,” TK recalls fondly.

On top of his shipbuilding and ship repair experiences, TK was involved in the development of a l l three phases of Keppel’s Tuas Shipyard, the final construction phase of Sedona Residential Suites in Hanoi, Vietnam and the commissioning of power barges for operation in the Philippines.

Having worked in different countries and cultures, he recounted an incident during the construction of a power plant in Hebei, China. One wintery morning, TK noticed a group of workers painstakingly sewing a large quantity of underblankets together.

His init ial thought and worry was that the workers intended to spend their nights in the power plant. He continued his observations without interfering and eventually their intentions came to light. The giant blanket was used to keep the power plant’s turbine warm and toasty, to prevent thermal shock and damage to the blades.

Cautioning the avid listeners at the Lecture that while it can be tempting to impose one’s ways and methods when sent overseas, the lesson learnt f rom his experience that it is often wiser to observe how locals innovate on the spot and come up with ingenious yet cost effective solutions.

Currently overseeing the installation and operation of electrical systems on oil rigs and other floating platforms, TK is going strong. He said,” ‘I’ve been approached with offers from other firms, but I always turned them down because I knew I wouldn’t be able to do the type of projects Keppel had and I’ve forged strong bonds with many Keppelites.” keppelite

TK (third from left) sharing anecdotes of his vibrant 40-year career at the 8th Keppel Offshore & Marine Lecture

Empowering Lives 29


Empowering Lives 29


Having worked in Keppel for 50 years, Ibrahim Bin Bachik has witnessed the remarkable growth of Keppel from a small ship repair yard in the 60’s to being the global leader in multiple businesses.

As the longest serving Keppelite, he was given a farewell party and presented with a plaque of appreciation for his 50 years of loyal and dedicated service towards the company during the year-end celebrations for 2010.

Ibrahim joined the Singapore Harbour Board (before it became Keppel Shipyard) in 1960 at the age of 19 as a messenger where he travelled around Singapore in a van delivering packages.

He subsequently became a Plan Printer in the drawing department. He said, “In those days, plan drawings were done by hand. In order to make copies of it, I would take a photo and then develop that photo myself with the in-house machine. It was just like how a photo studio develops negatives. Today, of course, it is drawn on computers and printed out on printers in just a few seconds.”

Recall ing his early days

Family affair for longest serving Keppelite

fondly, he said, “I was very young but my colleagues and bosses then took good care of me and really helped me out. During my time in Keppel, I learned many new skills and my colleagues were like my second family. The spirit of camaraderie I think has stayed with Keppel since its days as the Singapore Harbour Board.

“Even during the difficult times we banded together and always kept a positive attitude. The management has been very supportive and one of the reasons I have stayed for so long is because I have always felt secure in my job.”

As he g rew w i th the company, Ibrahim also helped mentor the new recruits under his charge. Illustrating his philosophy of renewal, he said “My uncles, two who were electricians and one who was a driver here, recommended me to this company and I have in turn recommended my son as well.”

Reduan, a senior engineer in the Plant & Maintenance Department who has worked at Keppel Shipyard for seven years, said, “I remember my dad working at the shipyard when I young. When I became an engineer, the

marine industry was the natural choice and where better than Keppel? Having worked here for a while now, I can see how the Keppel spirit is nurtured through the generations.”

Having seen Keppel take some tremendous steps,

Ibrahim (left) with his son Reduan in Keppel Shipyard

Ibrahim who retired as an administrative assistant will now look forward to watching his son’s four-month-old baby take some small ones and perhaps groom yet another next-generation Keppelite. keppelite

30 Empowering Lives


Keppelites Abroad

Home is where family is “Other things may change us, but we start and end with family.” These words by renowned author Anthony Brand could not ring more true for Mohammed Zahid Yacob, Assistant GM from Keppel Land, a Singaporean working in Jeddah, Saudi Arabia. Not one to pass up an opportunity to expand his horizons, Zahid took up the position in Jeddah in 2008, ready to embrace the challenges of working and living in a new country and culture.

He embarked on th i s adventure with his wife and four children – a daughter aged 13, son aged 11 and five-year-old twin boys, who joined him three months later. Together, the family have navigated the Jeddah landscape and lifestyle, adjusted to having weekends on a Thursday and Friday as well as started learning Arabic.

Moving to Jeddah was not as much of a culture shock for the family as he had first imagined. Zahid’s wife has been a tremendous pillar of support. As a graduate of Islamic Law from Azhar University in Cairo, Egypt, she was instrumental in helping

the family understand and adapt to the new culture.

“As my wife and I were quite familiar with this part of the world before this posting, it was relatively easy adapting to the new environment although we still find the restrictions limiting and inconvenient at times. For example, in Saudi Arabia, my wife is not able to drive and go out as freely as she could in Singapore. However, this encourages us to go out together as a family more often, growing us closer together.”

The close knit family have b e e n e x p l o r i n g t h e surrounding region with holidays to South Africa, and Turkey, apart from making

occasional visits to Mekkah and Medina.

“We intend to cover more of the Middle Eastern region this year. Having travelled to most of the Middle Eastern countries myself, I find Oman the most beautiful holiday destination with spectacular landscapes and nice hospitable people. I am looking forward to bringing my family there soon,” Zahid enthused.

Whilst the family has adapted well to the culture, Zahid shared candidly of some of the challenges his children are facing, “There are only about 50 S ingaporean families in Saudi Arabia and no Singapore international school. Consequently, all

four of my children are in the British International School. They don’t have problems coping with their studies but integrating socially is quite a challenge. They are gradually getting used to mixing with other expatriate students of different nationalities.”

Evaluating his two years in Jeddah as City Head, Zahid added, “I am currently working on the development of Al Mada Towers in Jeddah and am looking forward to see the project to completion and see the company grow. Moving to Jeddah has certainly been a challenging and eye-opening experience and I am glad that I have the support and encouragement of my family.” keppelite

Zahid holidaying with his family in Riyadh, Saudi Arabia

Empowering Lives 31


Adopting a Bollywood theme, the event saw a melting pot of cultures come together to present dance performances in bhangra style.

At Keppel Shipyard, there were a few thousand participants from across its

Welcoming a new decadethree yards from Tuas, Benoi and Gul at the year-end parties. On top of a lucky draw, there were a variety of games as well as numerous cultural songs and dances performed by employees.

Best Employee Awards were also given out to 39 recipients for their dedication and contr ibutions. The categories consisted of Best Supervisor, Best Worker and Best Support Staff.

In similar fashion, Keppel S ingmar ine ’s yea r-end blast was a series of toasts and well wishes to a great 2011. Employees from the production and engineering departments put up singing performances and the event ended on a high note with a grand lucky draw. keppelite

In the spir i t of giv ing, Keppel Corporation’s Group Corporate Communications (GCC) department held an auction during their Christmas celebration to raise funds for the less privileged.

With support from the

Gift of giving

Representative from CCF, Ms Jessica Lee (fourth from left) giving thanks to Ms Wang Look Fung, GM (GCC) of Keppel Corporation (third from left) with a hearty handshake

depa r tmen t heads o f Keppel Corporation, a total of $8,000 was collected for the Children’s Cancer Foundation (CCF) from a variety of items auctioned, ranging from perfumes to h a n d m a d e j e w e l l e r y, champagne bott les to home-baked brownies. keppelite

To celebrate the achievements of the year and welcome the turn of the new decade, Keppelites across Keppel Offshore & Marine (Keppel O&M) gathered in good cheer with colleagues, clients and contractors in December 2010.

Commending employees’ hard work and commitment at the Keppel FELS party, Mr Tong Chong Heong, CEO of Keppel O&M, said, “Despite the difficult market conditions, Keppel FELS continued to persevere and source for new projects.”

Keppel FELS employees putting up a high-energy dance performance reminiscent of Bollywood movies at the year-end party

32 Nurturing Communities

Keppelite I January 2011Keppelite I January 2011

From the classical to the contemporary, from budding art i s tes to establ i shed p e r f o r m e r s , K e p p e l ’s enduring support towards the Arts reaches a myriad o f aud iences th rough multiple platforms. Recent activities continue to bring the pleasure of the Arts to everyone.

MUSIC OF THe NIGHT As the S ingapore City Sponsor, Keppel Corporation helped unite renowned S i n g a p o re a n v i o l i n i s t Siow Lee-Chin with USA’s acclaimed Oberlin Orchestra for a debut performance on 6 January 2011 at the Esplanade Concert Hall.

Arts for everyone

Dr Lee Boon Yang, Chairman of Keppel Corporation, said, “Through the years, Keppel has been a strong supporter of the Arts and is committed to play our part to enrich and nurture the lives of communities wherever we operate.

“We are de l ighted to showcase the brilliance of homegrown talent Siow Lee-Chin and the Oberlin Orchestra. Through our support as City Sponsor and with the Keppel Nights initiative, we hope to make the Arts accessible to more Singaporeans including youths, senior citizens and the underprivileged.”

Prior to the performance, Keppel hosted a reception for its business partners and associates as well as government officials, which included Deputy Pr ime Minister and Minister for Defence Teo Chee Hean and Minister-of-State Lee Yi Shyan (Ministry of Trade and Industry & Ministry of Manpower).

S i o w, w h o w o n f o u r international competitions and awards in one year w h i l e a s t u d e n t a t Oberlin, says, “I’m most heartened by the support f r o m S i n g a p o r e c i t y s p o n s o r , K e p p e l Corporation.”

She is the first Singaporean to teach at the Oberlin Conservatory of Music w h i c h h a s p r o d u c e d generations of Grammy Award Winners and Pulitzer Prize recipients.

Programmed in the style of the Vienna Philharmonic’s N e w Ye a r c o n c e r t s , t h e c o n c e r t f e a t u re d f a m i l i a r f a v o r i t e s b y Shostakovich, Gershwin to the spectacular West Side Story by Bernstein, as well as Vaughan Williams’ h a u n t i n g l y b e a u t i f u l The Lark Ascending and Rave l ’s Tz igane - both showcasing Siow’s lyricism and virtuosity.

(From left) Mr Sven Ullring, Independent Director, Keppel Corporation; Mr Lim Hock San, Deputy Chairman, Keppel Corporation; Mr Choo Chiau Beng, CEO, Keppel Corporation; Minister-of-State Lee Yi Shyan (Ministry of Trade and Industry & Ministry of Manpower); Ms Siow Lee-Chin; Deputy Prime Minister and Minister for Defence Teo Chee Hean; Mr Teo Soon Hoe, Senior Executive Director and Group Finance Director, Keppel Corporation; Mr Tong Chong Heong, Executive Director and CEO, Keppel Offshore & Marine

Nurturing Communities 33




DANCING TO INSpIReKeppel also demonstrated its support of local young talents when it contributed $10,000 to the Ngee Ann Polytechnic’s dance club, New Revolving Age (NRA) and their performance, Danzation 2011.

Receiving a token of appreciation from NRA was Mr Choo Chiau Beng, CEO, Keppel Corporation (right). (Photo provided by Danzation 2011)

Siow Lee-Chin (in blue), a true lark ascending on the Esplanade Concert Hall

Fea tu r i ng an e c l e c t i c mix of music and dance, the performances which included break-dancing was held over two nights from 7 to 8 January 2011 at the University Cultural Centre, National University of Singapore.

Through collaborations with nine other dance groups from independent clubs and renowned institutions, NRA not only reached out to the community but also gave back by donating all the proceeds of Danzation 2011 to Very Special Arts

Singapore and Ngee Ann Polytechnic’s Student Aid Fund.

ARTS KAKISKeppel Nights is Singapore’s first ticket subsidy scheme to benefit and cultivate audiences for the arts. It is a collaborative effort between Keppel and MICA’s Arts and Culture Development Office (ACDO), which is the scheme’s administrator.

As part of Keppel Nights, the Arts Kakis scheme encourages volunteers to sign up as Arts Kakis to help reach out to beneficiaries to attend arts performances.

On 16 December 2010, ACDO hosted several Arts Kakis at Singapore Dance Theatre’s year-end ballet ‘Sleeping Beauty’. Among some of the Arts Kakis that attended were Joanne G Ongkeko, an administrative executive and Byron Siau, a systems consultant.

On why he decided to be an Arts Kaki, Byron said, “I signed up as an Arts Kaki because it would be easier for me to persuade my friends to attend arts events with me. Finally, the days of attending shows alone will be behind me!”

Joanne shared that many of her friends, after experiencing arts shows for the first time as Keppel Nights beneficiaries, have decided to sign up as Arts Kakis too. keppelite

34 Nurturing Communities


Making a difference

Keppel Volunteers has kicked off 2011 with much gusto, geared with a brand new logo and fresh initiatives.

T h i s y e a r, v o l u n t e e r p r o g r a m m e s w i l l b e

New identity, enduring values

K e p p e l Vo l u n t e e r s encompass indiv idual volunteers who are the Group’s ambassadors for social responsibility, proudly carrying the core values of passion, people-centredness and collective strength.

ACTIVe SAMARITANS In line with its vision to

offer a greater spread of activities and impact a more diverse group of beneficiaries, Keppel Volunteers started the year by helping a number of significant causes. These include diving the seas for coral conservation and rolling up their sleeves to spring-clean homes for the aged.

For the Coral Nursery Project,

which is situated near Pulau Semakau, four volunteers dived on 8 January 2011. Three of them were first-time participants in the Project, which Keppel Volunteers has committed to support since 2007.

The conservation programme involves Keppel d ivers shifting the coral fragments

Keppel Volunteers’ divers and their counterparts from National Parks helping to rehabilitate the corals

developed with the intent of reaching out to volunteers based on their interests, whether it is photography, diving, counseling, first-aid or other hobbies. They will also cater to Keppelites who

wish to participate on an ad hoc basis.

To attract more participants, K e p p e l Vo l u n t e e r s i s exploring a wider variety of programmes such as working

growing in the nursery to a breakwater area. The divers also clean the corals, as it is an important step to help the corals “breathe”. Their efforts contribute towards maximising the survival rate of the corals and e n h a n c e t h e m a r i n e habitats.

Yu Par Maw, Assistant Systems Analyst at Keppel Shipyard, is an experienced diver and shared her thrills and fu l f i l lment of the experience. She said, “The water visibility was bad, especially when you brush off the silt from the coral. At some points, I was even upside down, reaching out to the corals.

“Despite the challenge, the fact that under our care, the corals will grow healthily is enough of a reason to keep me going back. I would like to contribute to preserving the vibrancy of the underwater world.”

with charities involved with elderly care, environment, education or animals. This is planned alongside the wider aim of ensuring that the activities are meaningful to the benefic iar ies of



Making a difference

While the four volunteers braved the waves and chal lenges underwater, 30 others from Keppel Volunteers brought a buzz to the usually sedate one-room flats of the elderly at Moral Senior Activity Centre

(Toa Payoh) on 15 January 2011.

Lending their hands to improve the living conditions of the elderly, the group cleaned five units, at times scrubbing furiously to remove

All in a day’s work as volunteers clean the homes of the elderly and bring smiles to their faces Keppel Volunteer Peh Xueling from K-REIT Asia hits it off with the elderly

stubborn stains and polishing with grit. Occasionally, there were even shrieks over the sight of bugs.

The b iggest cha l lenge though , was no t the backbreaking work, but the need to use sign language and broken dialect to cajole and persuade the elderly to throw away expired canned food and other broken things.

“Seeing the poor living conditions of the elderly

spurs me to do whatever I can to improve their lives. Our little contribution of time and effort goes a long way in impacting their lives.

“The smi les on their faces as they waved and bade us farewell were simply priceless. Besides, volunteering with like-minded colleagues made the act more enjoyable too,” shared Lim Xuehui, HR Executive, Keppel Corporation.

Keppel’s adopted charity, the Association for Persons with Special Needs.

The introduction of the new logo is meant to reflect this new direction and vision as

Keppel Volunteers grows beyond its current base in Singapore to include Keppel’s business units overseas.

The strong vibrant red of the logo conveys the passion

and strength of Keppelites while the ‘V’ for volunteers is fashioned like a human figure to communicate compassion and empathy.

An emblem for the spirit of

Keppel Volunteers, the logo seeks to inspire Keppelites to positively impact communities wherever they are. keppelite

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Keppel Offshore & Marine (Keppel O&M), through Keppel Shipyard and Keppel Singmarine, has clinched new contracts totall ing $240 million.

These comprise the upgrading of a Floating Production Storage and Offloading (FPSO) vessel, the conversion of a livestock carrier, as well as the building of a diving support vessel.

With these latest projects, the total value of new contracts secured by Keppel O&M in 2010 has edged up to $3.2 billion.

Mr Nelson Yeo, MD (Marine) of Keppel O&M, sa id , “I would l ike to thank our customers for their confidence in the capabilities of the Keppel O&M group of companies. These latest contracts strengthen the mutual trust and partnership we have established. As a partner for solutions, we constantly strive to provide safe and high quality services to our customers.”

For one of these contracts, Keppel Shipyard has been engaged by long-t ime cus tomer S ing le Buoy Moorings Inc (SBM) for the fast track modification and upgrading of FPSO Espadar te , wh ich was

Keppel secures $240 million worth of contracts

previously converted by the yard in 2000.

The FPSO is expected to arrive in Keppel Shipyard i n 2 Q 2 0 1 1 . K e p p e l Sh ipyard’s work scope includes upgrading the accommodation facilities, modify ing the ex ist ing topside modules and internal turret mooring system, as well as installing and integrating new topside process modules.

FPSO Espadarte is expected to return to Brazil in the first quarter of 2012 where it will be deployed by Petrobras in the Baleia Azul field in Campos Basin. Mr Tony Mace, CEO of SBM Offshore, said, “Keppel has long been a preferred partner of SBM, having collaborated on numerous FPSO projects since 2000. Throughout our strong working relationship, the Keppel team has consistently lived up to their schedule commitments, promises of reliability, and quality service. We are confident this project will be of the same high standards.”

Additionally, Keppel Shipyard has secured its third livestock carrier conversion project from the Hijazi & Ghosheh Group, a world-leading

owner and operator of such vessels. This contract involves converting the Reestborg container ship into a livestock carrier for Hijazi & Ghosheh’s affiliate company, Reestborg Compania Naviera S.A.

Keppel Shipyard’s work scope includes providing design engineering services, equipment procurement, as well as modifying the ship’s structural, piping and electrical systems. When completed in 2Q 2011, the livestock carrier will ply the route between Australia and the Middle East.

First converted by Keppel Shipyard in 2000 for SBM, FPSO Espadarte will return to Keppel Shipyard for an upgrade

Fortifying its track record for customised ship solutions, Keppel Singmarine has also won a contract from a Malaysian customer to build a diving support vessel.

The 80-metre ship will be based on a new design specia l ly developed by Keppel’s Marine Technology Development unit for the customer. When completed in 2Q 2012, this diving support vessel will be able to perform multiple functions including rescue and subsea operations. keppelite

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