Christening of PETRORIG I

Jan - Feb 2009

Christening of PETRORIG I Delivery of PETROJACK IV & COSL CONFIDENCE Naming & sail-away of EMERALD DRILLER YARD NEWS Delivery Celebration & Sail-away Success of PETROJACK IV Jurong Shipyard, a wholly owned subsidiary of Sembcorp Marine, successfully delivered PETROJACK IV, the fourth deep-drilling offshore jack-up rig contracted by Larsen Oil & Gas subsidiary PetroJack ASA (PetroJack), on January 19, 2009 following its successful turnkey construction within schedule.

Celebrating as a team: Key representatives from Larsen Oil & Gas, PetroJack and Jurong Shipyard commemorating PETROJACK IV’s successful delivery.

Shortly after the delivery celebration, the rig set sail from the yard on January 23, 2009 for a ﬁ ve-year charter with Thailand’s PTT Exploration & Production Public Company Limited (PTTEP) for operations in the Gulf of Thailand.

Built based on the Group’s proprietary Pacifi c Class 375 design, PETROJACK IV is designed for operational effi ciency and performance with PETROJACK IV, the fourth newbuild Pacifi c Class a state-of-the-art drilling package enabling it to 375 deep-drilling jack-up rig contracted to Jurong Another successful rig delivery – Mr Martin Shipyard by PetroJack, has embarked on a fi ve- drill high pressure and high-temperature wells Nordaas, Project Director of PetroJack and General year with PTTEP for operations offshore Thailand of up to 30,000 feet whilst operating in 375 Manager of Larsen Oil & Gas, and Mr Don Lee, upon delivery. Senior General Manager (Offshore) of Jurong feet of water. The rig features extensive deck Shipyard, sharing a handshake. Adding further joy to PETROJACK IV’s delivery space and a large jacking capacity for preload was the birthday of Mr Martin Nordaas, jacking, with accommodation for 120 men. PetroJack’s Project Director and Larsen Oil & Gas’ General Manager, which coincidentally The second sister rig unit PETROJACK II, fell on the same day. To commemorate the delivered to PetroJack in March 2008, is double celebration, key representatives currently managed by Saipem and operating from Sembcorp Marine and Jurong Shipyard in Saudi Arabia under a four-year charter with together with Larsen Oil & Gas owner Mr Saudi Aramco. Jurong Shipyard had delivered Birthday ‘boy’ Mr Martin Nordaas enjoying the Berge Gerdt Larsen, gathered to mark this the fi rst and third jack-up units, which were festivities, together with Mr Berge Gerdt Larsen, special day and to extend their well wishes to earlier sold to Maersk Contractors, in May owner of Larsen Oil & Gas, and key management representatives from Sembcorp Marine and Jurong Mr Nordaas. 2007 and September 2008 respectively. Shipyard.

Safety Recognition by Saudi Aramco Jurong Shipyard was awarded a safety award from Saudi Aramco’s Northern Area Projects Department (NAPD) in recognition of the yard’s achievement of 1 million incident- free manhours for Saudi Aramco’s newbuild heavy-lift jack- up barge. Mr Abdulaziz I. Al-Fallatah, Manager, Saudi Aramco’s Northern Area Projects Department, presenting a safety award to Mr Don Lee, Jurong Shipyard’s Senior The award was presented during the NAPD’s annual safety luncheon on General Manager of Offshore, to recognise the yard’s achievement of 1 million incident-free manhours for the newbuild heavy-lift jack-up barge project. January 21, 2009 in Ras Tanura, Dammam, Saudi Arabia.

02 Jan - Feb 2009 YARD NEWS Strike Steel for West Capricorn Key representatives from Jurong Shipyard and Seadrill Limited commemorated the ﬁ rst steel cut of West Capricorn, the fourth Seadrill semi-submersible rig on order, in a strike steel ceremony on February 5, 2009.

The 6th generation Friede & Goldman ExD-design dynamic positioning ultra-deepwater semi- submersible drilling unit is scheduled for completion in the fourth quarter of 2011.

Mr Alex Monsen, Seadrill’s Vice President of Deepwater Projects, and Mr Wang Zijian, Jurong Shipyard’s Senior General Manager of Project Management, all set for the steel striking.

Applauding the ﬁ rst cut. Jurong Shipyard and Seadrill teams mark the steel striking of West Capricorn. Makeover for Greek Beauties

Greek beauties Irene and Omega Lady Sarah looking radiant after their makeover in Jurong Shipyard.

To stay in top form, Greek ‘beauties’ Irene and Omega Lady Sarah went through a ‘makeover’ in Jurong Shipyard during the months of January and February 2009.

Irene, a 65,671 dwt bulk carrier owned by Fafalios Shipping S.A., arrived in late January 2009 for a series of repair and maintenance works. The 224.94m x 32.19m x 17.99m vessel underwent blasting works followed by a fresh coat of paint over her hull and cargo hold sections. In addition, the existing hatch cover packing and engine room air duct were renewed before her departure in mid February.

Meanwhile, Omega Lady Sarah, a 228.00m x 32.24m x 20.40m Greek oil tanker belonging to Navigation Enterprises Inc, sailed into the yard for the ﬁ rst time from early to mid February 2009 for routine drydocking repairs. The repair package for the 71,498 dwt vessel included hull blasting and painting, valves overhaul, underwater works, electric motors overhaul, piping renewal as well as a thorough survey of the main engine, pumps and other machinery equipment.

03 Jan - Feb 2009 YARD NEWS Visitors from the Land of Rising Sun Jurong Shipyard extended its warm hospitality to several visiting vessels from Japan during January and February 2009.

Toyoso Maru LPG Repairs

Jurong Shipyard welcomed the 49,651 dwt LPG carrier Toyosu Maru from Iino Marine Service Co. Ltd when she called in late January 2009 for repairs and drydocking.

Major highlights of the repair project involved installation of the ﬁ re detector sensor and the main engine lubricant oil cooler as well as the re-installation of the main engine monitoring system and Inmarsat-C. The vessel’s hull and ballast tanks were also treated with a protective coat of paint after the blasting process.

After a rejuvenating stay, the 230m x 36.6m x 20.4m Toyosu Maru took off in mid February 2009 to resume her duties. LPG carrier Toyosu Maru revitalised after her repairs.

Tajima Tanker Overhaul

Tajima, a Japanese crude oil tanker measuring 333m x 60m x 28.65m, set off from Jurong Shipyard in January after a two-week stay as part of repairs and maintenance works scheduled by long-time customer Kyoei Tanker Co. Ltd.

The Jurong Shipyard team conducted a detailed inspection on the 265,539 dwt vessel, which last visited in 2006. The types of jobs performed on Tajima involved the repairs of the anchor shank, cargo tank bottom pitting, structural weld fracture, as well as the overhaul of the ship’s auxiliary engine, IGS fans, cargo turbines and fuel injection pumps. Other works included the renewal of the exhaust boiler LP tube element and the cleaning of the heat exchangers, the Tajima back on track. auxiliary boiler and the main deck winches.

Kuroshio II Life Extension

The 12,566 dwt derrick pipelay barge Kuroshio II, owned by Nippon Steel Engineering Co. Ltd, arrived in Jurong Shipyard in late 2008 to undergo overhaul and upgrading.

As part of the life extension programme, the 140.0m x 34.0m x 9.5m vessel underwent internal and bottom section steel plates renewal, modiﬁ cation of the fresh water tank and the hold deck accommodation, expansion of the living quarters as well as ballast tanks blasting and painting.

Kuroshio II departed in February 2009 with renewed energy after all the necessary works were completed. Derrick pipelay barge Kuroshio II resting well in the drydock.

04 Jan - Feb 2009 YARD NEWS Hail the Queen Queen of Penta-Ocean, a 166.70m x 31.00m x 12.50m self-propelled trailing suction hopper dredger owned by Japan’s Penta-Ocean Construction Co. Ltd, made her presence in Jurong Shipyard between mid October 2008 and January 2009 for repair works.

Arriving from her previous destination, the United Arab Emirates, the vessel had called for rudder overhauling, suction pipe extension as well as the renewal of the deck crane rail and tailshaft bush before departing for the next leg of her journey.

With a hopper capacity of 20,000 m3, Queen of Penta-Ocean, the world’s third largest dredger in terms of capacity, has also contributed to several successful land reclamation and building projects in Singapore. Queen of Penta-Ocean looking majestic after an overhaul at Jurong Shipyard.

Yu Tsao II Freshens Up Tanker Yu Tsao II docked in Jurong Shipyard from mid December 2008 till early January 2009 for repairs and maintenance.

This two-decade-old vessel is owned by the yard’s regular customer CPC Corporation from Taiwan. Measuring 247.55m x 39.6m x 22.7m, the 104,861 dwt tanker underwent major repairs including the overhauling of the turbine generator, shaft generator and two units of 15-ton hose handling cranes, steel works for the ship hull and tanks, and the renewal of the windlass bearings, bushings and brake linings.

Other miscellaneous works comprised the overhauling of the COW machines and the PV valves, cargo and ballast tanks valves. Yu Tsao II basking in the dock after a fresh coat of paint.

Kolocep On Course The 41,712 dwt Croatian bulk carrier Kolocep, owned by Atlantska Plovidba D.D., resumed its course in January 2009 after completing major repairs and overhaul in Jurong Shipyard.

Some of the key jobs that the yard performed on the 187.60m x 30.85m x 15.45m vessel which arrived in November 2008 included blasting and painting of the hull, cargo holds and hatch covers, the overhauling of four deck cranes and steel renewal of the tanks, hatch covers and cargo holds. The electrical appliances and navigational equipment onboard were serviced and overhauled.

Extensive works were also conducted in the engine room which comprised the overhauling of auxiliary equipment and the renewal of pipelines and generator set. Kolocep resumes its journey.

05 Jan - Feb 2009 COVER STORY Larsenʼs First Semi-sub PETRORIG I Poised for Gulf PETRORIG I, the ﬁ rst unit of a series of four ultra-deepwater semi-submersible drilling rigs built by Jurong Shipyard for the Larsen Oil & Gas Group, has completed its turnkey construction within schedule and is well on track for her maiden assignment in the Gulf of Mexico.

An auspicious lion dance welcome. The semi-submersible rig, owned by Larsen- managed PetroMena ASA of Norway, was ofﬁ cially named PETRORIG I on January 17, 2009 by Lady Sponsor Mrs Liv Berge Halvorsen, wife of Mr Berge Gerdt Larsen, owner of Larsen Oil & Gas, in the presence of key representatives from Larsen Oil & Gas Group, Jurong Shipyard and rig charterer Petrobras America.

Shortly after the ceremony, the rig will set off Scroll of blessings: Lady Sponsor Mrs Liv Berge Halvorsen displaying the scroll of blessing to mark PETRORIG I’s for the anchorage for thrusters installation and naming, with (from left) her husband Mr Berge Gerdt Larsen, owner of Larsen Oil & Gas, Mr Martin Nordaas, commissioning as well as sea trial. The rig is Project Director of PetroRig I and General Manager of Larsen Oil & Gas, and Mr WS Wong, Managing scheduled for delivery and sail-away in March Director of Jurong Shipyard. 2009 under a fi ve-year charter with Petrobras The rig is equipped with an operational PETRORIG II has secured a fi ve-year charter America for operations in the Gulf of Mexico. displacement of 43,400 metric tons at 17 metres from Petrobras Brasileiro S.A. for drilling draft and 46,750 metric tons at 20 metres draft, offshore Brazil, while PETRORIG III has been PETRORIG I, built using Jurong Shipyard’s 18,000 square feet of usable deck space, and awarded a fi ve-year charter contract with Pemex proprietary breakthrough techniques for fast- is capable of a variable deck load capacity of up for deployment offshore Mexico. track semi-submersible construction, is a 6th to 8,000 tons. generation Friede & Goldman’s ExD Millennium Mr Martin Nordaas, Project Director of PetroRig Class design semi-submersible rig capable Sister units PETRORIG II and PETRORIG III, I and General Manager of Larsen Oil & Gas, of drilling up to 37,500 feet while operating in the second and third Larsen semi-submersible said: “The fast-track and on-time completion dynamic positioning mode in ultra-deep waters rigs under construction in Jurong Shipyard, of PETRORIG I, our fi rst of a series of four of up to 10,000 feet. have also obtained long-term charter contracts. ultra-deepwater semi-submersible drilling rigs

Mr Berge Gerdt Larsen sharing a moment with Sembcorp Marine’s Chairman Mr Goh Geok Ling during the rig tour.

PETRORIG I is the ﬁ rst of four ultra-deepwater dynamic-positioning 6th generation Friede and Goldman ExD- design Millenium Class semi-submersible rigs constructed on a turnkey basis by Jurong Shipyard for Larsen Oil & Gas Group. VIPs viewing the rig’s state-of-the art systems.

06 Jan - Feb 2009 COVER STORY of Mexico

An impressive visual spectacle. with Jurong Shipyard, marks another landmark achievement in the Larsen-Jurong partnership. Jurong Shipyard’s innovative rig-building capabilities and strong management expertise have played a vital role in PETRORIG I’s success in this challenging environment and we salute each and everyone in the team for achieving this signiﬁ cant milestone. We are conﬁ dent that Jurong Shipyard will continue to deliver results and meet our high expectations.”

Mr WS Wong, Managing Director of Jurong Shipyard, said: “Jurong Shipyard shares the pride and joy of Larsen Oil & Gas on this Lady Sponsor Mrs Liv Berge Halvorsen, in a Norwegian national bunad dress, Mr Berge Gerdt Larsen, Mr Martin Nordaas and Mr WS Wong applauding the rig naming. milestone occasion as they celebrate the turnkey completion and naming of their ﬁ rst ultra-deepwater semi-submersible drilling rig PETRORIG I. The on-schedule completion of PETRORIG I is the result of effective co- operation between the builders, owners and suppliers. We would like to wish PetroRig and Petrobras all the best and success with this high- performance semi-submersible in its operations Drinking a toast to PETRORIG I’s success. Mr WS Wong receiving a memento from Mr in the Gulf of Mexico.” Martin Nordaas on behalf of Jurong Shipyard.

Key stakeholders celebrating the joyous occasion.

07 Jan - Feb 2009 SCM : AROUND THE YARDS Visit by Noble Delegation A high-level delegation from Noble Corporation, led by the Group’s Chief Executive Ofﬁ cer and President Mr David Williams and Executive Vice President Ms Julie Robertson, visited Jurong Shipyard on January 9, 2009, to view the progress of their two semi-submersible rig conversion projects.

As part of the visit, the Noble delegates met up with key project team members and toured Noble Danny Adkins and Noble Jim Day, two 6th

generation ultra-deepwater semi-submersible drilling rigs converted Mr David Williams, Chief Executive Ofﬁ cer & President of Noble Corporation, from baredeck hulls by Jurong Shipyard. interacting with the project team.

Delegates getting ready for the rig tour. Viewing the progress onboard the rig. A time of interaction and discussion. Educational Tour of PETRORIG I An educational tour was organised for personnel from Sembcorp Marine and Jurong Shipyard onboard the newly completed PETRORIG I semi-submersible on February 14, 2009 to learn more about the rig’s state-of-the art capabilities.

The two-hour tour, led by Mr Wang Zijian, Senior General Manager of Project Management, saw participants visiting the semi-submersible for a ‘behind-the-scenes’ look. The group stopped by to check out several key facilities onboard – from the engine room, control room and accommodation block to the wheelhouse, drill ﬂ oor and helideck – for a better understanding of the rig’s operating systems.

The visit ended with a delicious lunch served by the crew at the galley followed by an insightful multi-media presentation in the auditorium which provided participants a fuller grasp of the rig’s high-performance features and advanced Commemorating the tour onboard PETRORIG I. drilling capabilities.

Mr Wang Zijian, Jurong Shipyard’s Senior General Making a stop at the control room. Describing the rig’s inner workings. Manager of Project Management, explaining the rig drilling process.

08 Jan - Feb 2009 SCM : AROUND THE YARDS Double Jack-up Sail-aways at PPL Shipyard PPL Shipyard, a subsidiary of Sembcorp Marine, saw the sail-away of two jack-up units – Emerald Driller and COSL Conﬁ dence, formerly known as WilConﬁ dence – in the month of February 2009.

Emerald Driller and COSL Conﬁ dence were the 12th and 13th deliveries of a series of 23 proprietary design Paciﬁ c Class 375 deep drilling offshore jack-up rigs in PPL Shipyard’s rig orderbook. Both high-performance jack-up rigs are capable of drilling high-pressure and high-temperature wells of 30,000 feet and operating in water depths of up to 375 feet. Each rig has a huge jacking capacity for full preload jacking, high variable deck load, and extensive useable deck space, with accommodation for 120 persons.

Emerald Driller Naming and Sail-away Emerald Driller, the fi rst of four Pacifi c Class 375 jack-up rigs built by PPL Shipyard for Vantage Drilling Co. of USA, sailed off from the yard on February 1, 2009 for operations offshore Thailand. Delivered more than 48 days ahead of schedule in December 2008, Emerald Driller is bound for the Gulf of Thailand where it will be deployed under a two-year contract with Pearl Energy, a subsidiary of Mubadala Development Company, with options for extension. Prior to its sail-away, the rig was named in a ceremony on January 16, 2009 by Lady Sponsor Mrs Quinta Woodward in the presence of her husband Mr David Woodward, Chief Operating Offi cer of Pearl Energy, and senior management representatives from Vantage Energy, Pearl Energy, and PPL Shipyard.

Lady Sponsor Mrs Quinta Woodward, together with (from right) her husband Mr David Woodward, Pearl Emerald Driller is the fi rst of a series of four Energy’s Chief Operating Offi cer, Mr Nobu Su, TMT’s Chief Executive Offi cer and founder, Mr Paul Bragg, proprietary design Pacifi c Class 375 jack-up rigs Vantage Drilling’s Chief Executive Offi cer, and Dr Benety Chang, PPL Shipyard’s Deputy Chairman. built by PPL Shipyard for Vantage Energy.

COSL Confi dence delivered ahead of schedule The seamless collaboration between PPL Shipyard and China Oilfi eld Services Limited (COSL) resulted in the early delivery of jack-up rig COSL Confi dence more than 4.5 months ahead of schedule on February 11, 2009. After its successful hand-over to COSL, the rig took off from the yard on February 20 for deployment in the Bohai Bay off the coast of China. COSL Confi dence follows after the successful delivery of sister rig WilSeeker by PPL Shipyard to COSL in October 2008. The shipyard had also delivered two identical jack-up rigs WilSuperior and WilForce in August 2007 and April 2008 respectively to Awilco Offshore ASA before it was acquired by COSL in September 2008.

COSL Confi dence, formerly known as WilConfi dence, was delivered by PPL Shipyard to COSL more than 4.5 months ahead of schedule. Key representatives from PPL Shipyard and COSL celebrating the early delivery of COSL Confi dence.

09 Jan - Feb 2009 SCM : FINANCIAL RESULTS FY 2008: A Solid Year with Strong Operational Sembcorp Marine reported on February 24, 2009 a strong FY 2008 PATMI of $430 million, after a one-off charge of $44 million arising from commercial settlement of foreign exchange (FX) transactions in 4Q 2008.

This was 78% higher as compared with FY 2007’s PATMI of $241 million. Excluding the one- off charge of $44 million, PATMI for FY 2008 was $474 million, 31% higher than FY 2007. PATMI for FY 2007, excluding FX transactions and non- operating items stood at $362 million.

Group operating proﬁ t at $501.8 million was 44% higher than FY 2007’s $349.0 million. Group pre-tax proﬁ t increased 49% from $364.7 million in FY 2007 to $545.0 million in FY 2008. The increase was attributable to the higher revenue and operating margin from rig building and ship repair businesses, offset by lower contributions from overseas associates.

Revenue in FY 2008 was $5,064 million, a Combined media and analysts FY 2008 results brieﬁ ng on February 24, 2008. 12% increase as compared to $4,513 million in of 6.00 cents per share to be paid on May 13, FY 2007. The increase was attributable to rig 2009. This is in addition to the interim one-tier Turnover by Sectors building, ship conversion/offshore and ship repair tax-exempt dividend of 5.00 cents per share paid FY FY % Revenue (S$m) businesses. on September 1, 2008. Total dividend in absolute 2008 2007 change terms for FY 2008 will be 11.00 cents per share, Ship Repair 794.8 731.1 8.7 The Board of Directors of Sembcorp Marine an increase of 26% as compared with the 8.73 Rig Building 2,839.6 2,498.9 13.6 recommended a ﬁ nal one-tier tax-exempt dividend cents per share paid in FY 2007. Ship Conversion / Offshore 1,354.4 1,130.5 19.8

Shipbuilding 2.0 81.6 (97.5)

Others 73.1 71.0 3.0

TOTAL 5,063.9 4,513.1 12.2

FY 2008

FY 2007

0 560 1120 1680 2240 2800 3360 3920 4480 5040 $ million

Networking in progress.

Financial Highlights Year FY FY % Description 2008 2007 change

Revenue 5,063.9 4,513.1 12.2

Gross Proﬁ t 655.2 411.5 59.2

EBITDA 572.5 413.1 38.6

Operating Proﬁ t 501.8 349.0 43.8

Pre-tax Proﬁ t 545.0 364.7 49.4

PATMI 429.9 241.0 78.4

PATMI, exclude FX & Nol 473.7 362.3 30.7

EPS, basic (cents) 20.83 11.72 77.7

NAV (cents) 64.1 81.1 (21.0) Senior management on the panel.

10 Jan - Feb 2009 SCM : FINANCIAL RESULTS Growth

Changes to the Board Sembcorp Marine announced the following changes to the Board in February 2009:

Mr Tan Tew Han steps down Mr Tan Tew Han has stepped down as a Director of Sembcorp Marine as well as Chairman of the Audit and Special Committees with effect from February 24, 2009 primarily Responding to queries. due to personal commitments. He was appointed as a Director of the Board and Chairman of the Audit Committee on April 17, “FY 2008 was another record year with solid operational growth for the Group. Despite the 2003 and Chairman of the Special Committee current fi nancial turmoil and its impact on the world economy, our strong net order book on October 22, 2007. of $9.0 billion comprising rig building, ship conversion and offshore projects will keep our shipyards busy with progressive completion and deliveries from 2009 to 2012.” Sembcorp Marine’s Chairman and Board of “We remain committed in executing and delivering our projects on time or ahead of Directors would like to thank Mr Tan for his schedule. Our focus on increasing operational effi ciency through innovation, production invaluable contributions during his tenure and process improvements and repeat customer orders have paid off with operating margin extend their best wishes to him for the future. increasing from 5.9% in 2005 to 9.9% in 2008. We will continue to further enhance our operational effectiveness and competitive edge and to build our order book during these diffi cult times.” Mr Lim Ah Doo heads “Moving forward, we will continue to strive towards delivering creditable performance and Audit Committee value to our shareholders. Our strategy to ride through these diffi cult times will be to maintain Mr Lim Ah Doo, who joined the Board as strong liquidity and a net cash position as well as to capitalise on future opportunities for an Independent Director on November 7, sustainable growth.” 2008, was appointed Chairman of the Audit Committee with effect from February 24, Mr Tan Kwi Kin 2009. Group President and CEO Sembcorp Marine Ltd With the change, the Audit Committee will now comprise: Outlook & Prospects Mr Lim Ah Doo (Chairman) While the fi nancial turmoil has a damaging cushion the Group from the impact arising Mr Ron Foo (Member) impact on the world economy and the current from the current fi nancial turmoil. Mr Richard Edward Hale (Member) oil prices, the Group is confi dent that the long- term fundamentals and outlook for the marine The market for large FPSO (fl oating and offshore industry continue to be positive production storage offl oading) units Mr Ron Foo becomes in the light of continued global reliance on oil and production platforms is expected to Special Committee Chairman and gas and accelerating depletion of oil and remain strong based on owners’ long-term Mr Ron Foo Siang Guan, appointed an gas reserves. commercial viability of the projects. Such Independent Director on June 30, 2006, projects have longer gestation periods and assumed appointment as Chairman of The Group has a net order book of $9.0 billion, constitute part of the owners’ investment the Special Committee with effect from comprising rig building, ship conversion and portfolio designed to provide future output February 24, 2009. offshore projects of which $5.7 billion were to replace depleting reserves. secured in FY 2008. These projects will keep The Special Committee will now comprise: the Group’s shipyards busy with a suffi cient The immediate economic outlook is Mr Ron Foo Siang Guan (Chairman) base-load. For ship repair, the Group’s uncertain. However, with Sembcorp strategic alliances and partnerships with Marine’s strong net cash and balance Mr Ajaib Haridass (Member) long-term customers for synergistic benefi ts sheet position, the Group is well- Mr Tang Kin Fei (Member) and “win-win” solutions should provide the positioned to ride out the challenges of Mrs Lim Joke Mui (Member) Group with a stable base-load. It should also the year ahead.

11 Jan - Feb 2009 HAPPENINGS Inspiring the Green Revolution Sembawang Shipyard, a wholly owned subsidiary of Sembcorp Marine, reafﬁ rmed its steadfast commitment towards environmental conservation and protection with the launch of its 2009 Green Wave Environmental Care Project on January 19.

With the theme “Help Nature Stay in Control”, this year’s competition was launched by Guest-of-Honour Rear Admiral (NS) Lui Tuck Yew, Senior Minister of State, Ministry of Education and Ministry of Information, Communications and the Arts. Now into its sixth year, the annual competition aims to inspire youths to develop innovative green solutions and technologies for environmental improvement.

Guest-of-Honour RAdm (NS) Lui Tuck Yew, Senior Minister of State, Ministry of Education and Ministry of Information, Communications and the Arts, launching the Green Wave Environmental Care Competition 2009 with Mr Ong Poh Kwee, Sembawang Shipyard’s Managing Director. The contest continued to be a testament of the yard’s close relationship with its alliance partners Shell International Trading and Shipping Company and BP Shipping who generously sponsored the top cash prizes as well as development attachment opportunities to post- secondary school winners. Committed towards environmental care and protection. The top 50 project teams from last year’s competition were also recognised with cash prizes, ranging from $200 to $8,000, commendation awards, and development internships during the event at Marina Mandarin. The winners were selected from a total of 260 entries submitted by nearly 1,000 students from primary schools, secondary schools, junior colleges, institutes of technical education, and tertiary institutions.

Notably, the top prize for the Junior College / ITE category was awarded for the ﬁ rst time since 2003. This breakthrough was achieved by the team from Hwa Chong Institution (College) for their ‘Project Admiring the solar-powered vending machine, the top project in the primary Greenamorphosis’ environmental outreach initiatives. level, developed by students from St Hilda’s Primary.

The team from Hwa Chong Institution (College) set a record by being the ﬁ rst to win the top prize in the junior college / ITE category for their environmental outreach initiatives under “Project Greenamorphosis”.

12 Jan - Feb 2009 HAPPENINGS Developing Talent for Optimal Performance As part of the Group’s talent development framework, Sembcorp Marine has launched a Talent Management Programme comprising structured training programmes in collaboration with Singapore Management University and Singapore Institute of Management.

Introduced in October last year, the Talent Management Programme aims to nurture employees within Sembcorp Marine and its subsidiary yards to their fullest potential for the Group’s optimal performance and sustainable growth.

The programme comprises three core courses – the Management Development Programme, the Executive Development Programme and the Leadership Development Programme. These are aimed at equipping employees with vital team-building, strategic-thinking and leadership skills to drive business growth and Brainstorming in progress during the training Interaction with fellow course participants. transformation at their respective levels. programme. TALENT MANAGEMENT PROGRAMME Management Executive Leadership Development Programme Development Programme Development Programme • Managing Team Through Diversity Management • Talent Management • Visioning into Strategy • Brainworks • Coaching for Performance • Managing Business under Uncertainty • Effective Leadership • Managing Change • Understanding Global Economics, • The 7 Habits of Highly Effective People • Negotiation and Inﬂ uence Skills Social & Political Environment • Lateral Thinking • Project Management • Strategic Risk Management Taking • Strategic Branding • Strategic Branding • Risk Governance Active Search for Fresh Talent Sembcorp Marine and its subsidiary shipyards Jurong Shipyard, Sembawang Shipyard, PPL Shipyard, SMOE and Jurong SML Shipyard continue to seek out fresh and promising talents to further strengthen the team.

Checking out the brochures on display. The Group actively participated in job fairs held at the Nanyang Technological University from February 4 to 5 and the National University of Singapore from February 12 to 13 as part of efforts to reach out to the graduating batch of students.

The recruitment drive yielded positive response from students who were eager to ﬁ nd out more about the career opportunities available within Responding to enquiries from students. the Group.

13 Jan - Feb 2009 HAPPENINGS Reaping the Rewards of Loyalty

Recognition for long-serving employees.

February 21, 2009 was a happy day for 113 Jurong Shipyard personnel who were recognised with minted gold coins and cash awards in appreciation of their long service within the company.

Among the notable award recipients this year were Jurong Shipyard’s Managing Director Mr WS Wong, who contributed more than 20 years of service, as well as Commercial Ofﬁ cer Mr Jurong Shipyard’s Managing Director Mr WS Wong Jurong Shipyard’s longest serving employee receiving his 20-year long service award from Mr Mr Osman Bin Abdul Rahim from Commercial Osman Bin Abdul Rahim, who has the longest KK Tan, Sembcorp Marine’s Group President & Department receiving his 45-year long service service track record of 45 years. Chief Executive Ofﬁ cer. award from Mr WS Wong.

Learning is a Continuous Journey Age is not a barrier when it comes to continuous learning and upgrading. Dr Osamu Baba, an Assistant General Manager with Sembcorp Marine’s subsidiary Jurong Integrated Services, can testify to that.

At 62, Dr Baba became a proud holder of a Doctorate in Engineering from Japan’s Nagasaki Institute of Applied Science. He started his research in 1980, focusing on ways to develop quality welding for LNG tankers, and subsequently underwent a part-time doctorate programme with the university in 2006. In fact, he made headlines for being the oldest in his cohort when he graduated in September 2008.

A veteran with more than 44 years of experience in the industry, Dr Baba actively imparts his knowledge and experience to the rest of his team members in the yard, to ensure that the highest standards of quality Dr Osamu Baba receiving his Engineering Doctorate from the Nagasaki Institute of Applied Science. are delivered.

14 Jan - Feb 2009 HAPPENINGS Ushering Blessings for the Ox Year

Drawn by the lucky numbers.

The fortune lions ushering blessings for the Ox Year. Making a guess on the total chocolate count.

The Year of the Ox began on a rousing note for the management and staff of Jurong Shipyard as they welcomed blessings and good fortune for the year ahead during a special luncheon gathering on February 6, 2009.

Attended by more than 300 personnel, the joyous occasion was launched with the lively performances of two fortune lions followed by the opening speech by Jurong Shipyard’s Managing Director Mr WS Wong, who encouraged everyone to stay positive, focused and resolute in the year ahead.

Besides tucking into a delectable buffet spread, employees participated enthusiastically in the game and lucky draw segments, in which more than 30 gift hampers and prizes, generously contributed by the various departments, were given out.

The event was a huge success, providing employees an excellent platform for cross-cultural interaction and the strengthening of ties within the Jurong Shipyard family. Receiving the top prize from Managing Director Mr WS Wong.

A harmonious CNY celebration.

Tasty food keeps us happy. Flashing their big smiles and red packets.

15 Jan - Feb 2009 HAPPENINGS Launch of New Fitness Gym To encourage an active lifestyle of ﬁ tness among employees, Jurong Shipyard has upgraded and relocated its former gymnasium to provide staff a conducive environment to exercise after work. Ofﬁ cially opened by Executive Director Mr Lee Yeok Hoon on February 2, 2009, the newly revamped gymnasium comes equipped with the latest range of exercise equipment for both cardiovascular and strength training. It also features a workout studio for yoga and dance classes

held as part of the yard’s workplace Testing out the new gym equipment under the guidance of a certifi ed fi tness fi tness programme. professional.

Employees who wish to learn more about effective exercise techniques Welcome in – Jurong Shipyard’s Executive Director Mr Lee Yeok Hoon can also sign up for personal training sessions at subsidised rates with a offi cially opens the new gym. certifi ed fi tness professional engaged by the yard.

Gym Operating Hours The gymnasium is accessible to all staff upon registration. The operating hours are: Mon to Fri: 1130 – 1215 hrs 1630 – 2200 hrs Sat: 1130 – 1800 hrs Working out to stay in shape. Practising their belly-dance moves in Equipped with the latest range of the new exercise studio. gym equipment. Battle for Futsal Supremacy In the battle for futsal supremacy, 16 teams from Jurong Shipyard converged at Fico Sports Hub on January 10, 2009 for a showdown in the ‘cage’ during a futsal tournament organised by the Jurong Shipyard Recreation Club.

After surviving a series of exciting knockout matches, the top teams Black Eagles and PF1 proceeded to face off in a goal-less ﬁ nal game. The penalty-kick round after full- time saw the Black Eagles putting in two extra balls into the net of their opponent to Sportsmanship is a friendly pat on the back even after Hurray! Champion team Black Eagles (in black) and a clash. emerge the winner. ﬁ rst runner-up team PF1 celebrating their victory. Feng Shui for Success Feng shui is an ancient Chinese art of channelling positive energy to improve one’s life and luck. This interesting subject was covered during a talk on January 20, 2009, in which Jurong Shipyard employees gained insights into leveraging feng shui to enhance their health, wealth and relationships.

Learning the art of feng shui.

Dolphin is a bi-monthly publication of Sembcorp Marine Ltd and its Contact us : subsidiary Jurong Shipyard Pte Ltd. No part of this newsletter may be The Editorial Team • 29 Tanjong Kling Road reproduced or transmitted by any means or stored in any information storage Singapore 628054 • [email protected] 16and retrieval system without the publishers’ written permission. For more information, visit us at : www.sembcorpmarine.com.sg • www.jspl.com.sg Jan - Feb 2009