December 2011 eppel www.kepcorp.com/ekeppelite

Keppel Group Newsletter Keppelite

Setting clear examples 6

Strong growth track in 2011 22

Touching lives 44

Excellent execution

MICA (P) 072/01/2011 7 30

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Contents

SUSTAINING GROWTH EMPOWERING LIVES Seizing market opportunities 4 Appreciation all around 30

Six in a row for Ensco 5 At home in Singapore 33

Setting clear examples 6 Clash of the titans 34

Restored to mint condition 7 Rewarding outreach 36 First anchor tenant at 8 Chifley Square 10 Working out for better well-being

Strategic moves 11 Keppelites Abroad Winning developments Shanghai school of hard knocks 37 Jewel of the East 12 Bridge over troubled waters 38 Clean energy project on track Homeward bound 39

Foreign exchange 13 Team Keppel 40

Showcasing exemplary practices 14 Doing our share 41 Mentoring leaders 15 Walking our talk Sharing on project risk management NURTURING COMMUNITIES Securing our business 16 Keys to a better life 42 Sterling partnerships 17 Window to the world 43 Inspiring every moment Touching lives 44

Vietnamese vitality 18 Keppel Volunteers Season of giving 45 Garden of life 19 A toast to friends 20 Hello to a greener 2012 46 New feather in cap 21 BACK PAGE Keppel secures US$809 million Special Focus contract for new DSS™ 38E rig 48 Continuing strong growth track in 2011 22

Cover image: Celebrating the success of ENSCO 8505 onboard the rig’s drilling control room are (left to right) Mr Tong Chong Heong, CEO of Keppel Offshore & Marine; Mr Choo Chiau Beng, CEO of Keppel Corporation and Chairman of Keppel Offshore & Marine; Guest-of-Honour, Mrs Josephine Teo, Minister of State for Transport and Finance; and Dr Lee Boon Yang, Chairman of Keppel Corporation eppel

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 Advisor Wang Look Fung

Editor Lee Wan Jun

Editorial Committee Ang Lai Lee, Casiopia Low, Chan Suan Sim, Christie Lai, Doreen Lim, Chua Ying Ying, Diana Chan, Donald Sng, Eileen Tan, Elena Ong, Elizabeth Widjaja, Eva Ho, Frances Teh, Grace Chia, Hoo Yao Lin, Joycelyn Tay, Lim Kah Ai, Maria Magdalena, Mohamed Yusof Mohamed, Ong Tze Haung, Roy Tan, Serena Toh, Sue Ann Huang, Teri Liew, Wong Chai Yueh, Woon Pek Yong, Vett Ramos, Yeo Wan Xin, Yolanda Guo

Keppelite I December 2011 CO REG NO: 196800351N Editorial

Leading through learning

We can all take an important lesson from management enable Keppelites to tap on some of the world’s greatest leaders. They lead the expertise and experience of leaders in the by learning. organisation.

Wal-Mart founder Sam Walton, a good role model, The sharing by our leaders also lends inspiration, is well-known for his passion for fresh ideas and helps unleash potential in the talent pool and insatiable appetite for learning. encourages the development of a learning organisation. In his relentless pursuit for knowledge, the entrepreneur read voraciously, spent time in To further foster this culture, the Leadership Series, competitors’ stores, constantly asked questions of a monthly knowledge-sharing programme, was his peers, listened to his employees and invented spearheaded by the Keppel Young Leaders. The creative ways to foster an ideas-driven culture. Series provides Keppelites with the platform to engage in frank and insightful discussions with The crux is that even at the peak of his success, seniors who share rich and diverse experiences Walton saw himself not as a definitive expert in from across the Group. the retail business but as a lifelong student of his craft. For Keppel to remain a dynamic and robust organisation, Keppelites must learn multi- Like Walton, Keppel CEO Choo Chiau Beng dimensionally and with an open mind, seize every too is an avid learner, ravenous for insights opportunity to absorb lessons not only from our and the expansion of an awareness of the leaders but also from our peers, customers and environment. Learning, a transformational and even our competitors. By learning quickly and developmental process by nature, shapes and constantly, we are better able to adapt, reflect and sharpens perspectives. lead others on diverse fronts onto new phases of growth. In a highly competitive global marketplace ridden by complex geopolitical, environmental and Though engaging our talents optimally within and economic challenges, the crucial link between across our businesses, Keppel will groom leaders to lifelong learning and the development of strong drive sustainable growth into the future. leadership has become critical to organisations.

At Keppel, learning starts from within. Learning from our leaders is a part of succession planning. Avenues for open dialogues with senior

Keppelite I December 2011 4 Sustaining Growth Growth

Seizing market opportunities

Securus Data Property Fund (Securus Fund) has formed a joint venture company ( J V C o ) w i t h K e p p e l Telecommunications & Transportation’s (Keppel T&T) wholly-owned subsidiary to own, manage and operate a data centre in Gore Hill, Sydney, Australia.

The JV Co, Securus Guernsey 2, will be 70% held by Securus Fund and 30% indirectly held by Keppel T&T through its wholly-owned subsidiary. The JV Co has entered into a conditional agreement to The new purpose-built Tier III data centre at Gore Hill is a freehold A-Grade asset purchase the data centre for a consideration of AUD60 million. in Australia this year, after region, and the market is and has high fibre optic the acquisition of the iseek experiencing strong demand connectivity, making it ideal Located in the Gore Hill Data Centre in Brisbane for data centres. Therefore, for offering prime data technology precinct in Export Park in July, and is acquiring the Gore Hill co-location services. Sydney, the new purpose- in line with our strategy data centre will allow us built Tier III data centre is of acquiring high quality to quickly meet the fast Earlier in July 2011, Securus a freehold A-Grade asset data centre assets across growing demand of the Fund also acquired 70% that has recently achieved our target markets. market in Australia, and of iseek Data Centre, practical completion. build up Keppel’s capability located at Brisbane Export “The Gore Hill asset has all and track record in the Asia Park, Australia, from iseek A portion of the data centre the physical attributes of a Pacific region.” Communications. has already been fitted out to first-class data centre, by serve a long-term lease with virtue of its strategic location The data centre is strategically Securus Fund is the world’s a blue chip anchor tenant. and power availability. This located about six kilometres first Shariah compliant The remaining data centre opportunity will further from Sydney’s central business data centre fund and is space will be fitted out in enhance our market position district. As it is located along jointly managed by Keppel stages to Tier III standards and allow us to capitalise one of Sydney’s main power Data Centre Investment so as to offer premium on the growth opportunities and data arteries, the data Management, a wholly- co-location services to other in the fast growing data centre is supported by a owned subsidiary of Keppel blue chip clients. centre sector.” large and secure electrical T&T, and AEP Investment supply allowing it to service Management. Securus Mr Jonathan King, Mr Pang Hee Hon, CEO of customers with high energy Fund is also 30% owned Co-Fund Manager of Securus Keppel T&T, said, “Australia requirements. Furthermore, by Keppel T&T’s wholly- Fund, said, “This is Securus is one of the leading data the data centre has access owned subsidiary, Keppel

Fund’s second acquisition centre hubs in the Asia Pacific to multiple carrier networks Data Centres. keppelite

Keppelite I December 2011 Sustaining Growth 5

Six in a row for Ensco

Keppel FELS is on course Singapore’s Minister of done Singapore proud and and we are proud that they to deliver ENSCO 8505, its State for Transport and bears testament to their have entrusted Keppel with sixth of seven ENSCO 8500 Finance, Mrs Josephine Teo capabilities and reputation as 19 major newbuild projects Series® ultra-deepwater was the guest-of-honour a leader in their field.” worth nearly US$4.8 billion semisubmersible drilling rigs at the naming ceremony in total over the years. for Ensco, safely, on time and of ENSCO 8505. The rig Designed to address some ENSCO 8505 is the 15th rig within budget. was named by Lady of the most demanding that we will be delivering Sponsor, Mrs Roxanne offshore drilling requirements with our hallmark of quality The project is expected to Rabun, at Keppel FELS on at water depths up to 8,500 and timeliness. Being able be completed in the first 10 December 2011. feet, ENSCO 8505 features to deliver six ENSCO 8500 quarter of 2012, and has a a two million pound quad Series® rigs within 42 months strong safety record of zero Minister Teo said, “In derrick, offline pipe handling and with the seventh due lost-time incidents in over addition to the ability to capability, 35,000 feet drilling next year is testament to five million man-hours. Upon offer customised solutions, capacity and 8,000 tonnes of the excellent execution completion, ENSCO 8505 our shipyards have long variable deck load. capabilities and productivity will be deployed by Anadarko, established a strong gains we have developed Apache and Noble Energy reputation for quality and Ensco currently has four with Ensco. for operations in the timeliness. Keppel FELS’ additional rigs under Gulf of Mexico. achievement today has construction at Keppel FELS. “Our close collaboration They are ENSCO 8506, the includes customising final and seventh ENSCO 8500 products to fit the market and Series® semisubmersible rig we are glad that the ultra- Keppel FELS is constructing premium harsh environment for Ensco, and three KFELS KFELS Super A Class rigs we Super A Class jackup rigs are building for Ensco have with deliveries scheduled in received market acceptance 2013 and 2014. with the recent contracting of ENSCO 120. We are Mr Tong Chong Heong, committed to delivering CEO of Keppel Offshore & these high-specification rigs Marine, shared, “Ensco has to the highest satisfaction of

been a long-term customer Ensco.” keppelite

ENSCO 8505 is the 15th rig Keppel FELS will be delivering to Ensco with trademark quality Keppel and Ensco donate $20,000 to the Institute of Technical Education for an endowment and timeliness fund that will provide financial assistance to needy and underprivileged students

Keppelite I December 2011 6 Sustaining Growth

Setting clear examples

With a high level of Land have clinched the Best Asia Conference and Awards With the support of senior corporate transparency and Investor Relations Award by 2011 held at the Singapore management who play an responsiveness, Keppel has Sector (Industrials) and the Exchange on 6 December integral role, we constantly been successfully engaging Grand Prix for Best Overall 2011. seek to understand the issues the investing public. Investor Relations Award that matter most to the for a small or mid-capital This annual event honours investors and the public so For the first time ever, Keppel company respectively at companies and individuals that we are able to effectively Corporation and Keppel the IR Magazine Southeast from across the region for address them. excellence in communicating with investors and analysts, “Investors appreciate the and the results are based access to management’s Proactive, transparent and engaging on a survey of investors and insights and views through are the three words that best describe analysts. the quarterly results webcasts, our investor relations efforts. With the non-deal roadshows and support of senior management who E x p l a i n i n g K e p p e l meetings facilitated. Senior play an integral role, we constantly Corporation’s investor management sometimes take relations philosophy, Ms time during our business trips seek to understand the issues that Wang Look Fung, Director overseas to meet investors, matter most to the investors and of Group Corporate Affairs building understanding and the public so that we are able to said, “Proactive, transparent relationship.” effectively address them. and engaging are the three Ms Wang Look Fung words that best describe our For Keppel Land, persistence Director, investor relations efforts. at communicating key Group Corporate Affairs messages to analysts, in reaching out to investors and in getting business units to share more pertinent information have reaped rewards for the Investor Relations and Research team of Keppel Land.

This past year, numerous analysts’ trips to Keppel Land’s project sites, both local and overseas such as in Tianjin and Chengdu, enabled them to see for themselves the locations and features of the different developments. Similarly, senior management’s involvement in non-deal roadshows and conferences were key factors in clinching

their win. keppelite Keppel Corporation and Keppel Land were honoured at the IR Magazine Southeast Asia Conference and Awards 2011

Keppelite I December 2011 Sustaining Growth 7

Restored to mint condition

Reflecting the strong teamwork between Keppel’s global network of yards, work on Noble Roger Eason is carried out across Keppel FELS in Singapore and BrasFELS in Brazil

Be it in Singapore, Brazil, the by cutting the ship in half Netherlands or in the middle and inserting a stern block The Keppel team has again of the ocean, Keppel Offshore at the aft of the cut vessel. delivered high quality & Marine is committed to Fabrication of the new stern deliver timely and quality block was recently completed construction, outfitting, painting repair and upgrade services in Singapore with a record of and commissioning. The decision to the satisfaction of its more than 1.5 million safe to build the stern modules for customers. man-hours. the Noble Leo Segerius and the Noble Roger Eason in Singapore Rigged up at Johnny Ng, Project Manager has worked well with the overall Keppel FELS at Keppel FELS said, Amidst a record number of “Leveraging the synergy project schedule. I am confident newbuildings on its plate, of our global yards, we are the future between Keppel and Keppel FELS continues to able to undertake the fast Noble is bright. make good progress on its track completion of this Mr David Williams repair projects. Its repair, drillship. By constructing Chairman refurbishment and upgrade and commissioning the new CEO & President of Noble Corporation projects in the year include stern block prior to the work on the drillship Noble arrival of the drillship, we Roger Eason and the significantly reduced the semisubmersibles Jack Bates, overall repair and upgrading Nanhai 6 and Kan Tan IV. schedule.”

Work on Noble Roger Eason Noble Roger Eason is the has been carried out across second Noble Corporation Keppel FELS in Singapore drillship to undergo this and BrasFELS in Brazil. The process at Keppel yards. vessel is being lengthened Work on the first, Noble Continues on page 8...

Keppelite I December 2011 8 Sustaining Growth

...continued from page 7.

Recently, a squad of some All three rig legs had been 33 offshore repair specialists bent out of shape and more responded to a call from than 100 feet of bracings Keppel’s repeat customer, had to be repaired and SeaWolf Oil Services Limited, replaced. to conduct repairs on the legs of a jackup rig operating Leading the squad was in Nigeria. Shao Hai Zhou, Senior Hull Superintendent at Keppel The Friede & Goldman Super FELS. He said, “We were M2 jackup rig, ONOME, had glad to be able to support two of its legs stuck in the Seawolf by completing the seabed. The legs had to be repairs safely and ahead of extricated before the rig could schedule. Our line of work be towed to Nigeria’s port sometimes requires us to Calabar for inspection and travel to unfamiliar places, Repair on Jack Bates was completed safely and on time repairs by the Flying Squad. where we can only assess

Leo Segerius, was recently Oilfield Services Limited completed in Brazil. was in the yard for periodic repairs and delivered on Jack Bates, a 25 year- time and without incidents. old semisubmersible rig, completed a five-year The other semisubmersible special periodic survey at rig, Kan Tan IV, was first Keppel FELS from June to built by Keppel FELS in November 2011. The yard 1983 and has returned for carried out hull and tank maintenance and a special painting, accommodation periodic survey. Belonging refurbishment as well as to Sinopec Star Petroleum anchor winch and fairlead and currently operated by overhauls. Various electrical Frigstad Offshore, the rig is systems were upgraded and undergoing painting works both lifeboat platforms were on the columns, bracings, replaced. main deck, superstructure and derrick mast. The Returned to Transocean other major works include on 14 November 201, the the steel renewal, hull project had a safety record ventilation, overhauling of of zero lost-time incidents in anchor winches and piping some 840,000 man-hours works. The rig is expected to worked. depart the yard in March 2012. Keppel FELS further strengthened its partnership Quality fix with the with Chinese rig owners with Flying Squad the successful repair of two Keppel FELS’ Flying Squad of their semisubmersible rigs. takes Keppel’s renowned Nanhai 6, which is operated rig repair services beyond by Maersk Drilling for China its yards. Keppel Verolme renewed 44 tonnes of steel on the container vessel, CMA CGM Alaska

Keppelite I December 2011 Sustaining Growth 9

the work scope on arrival. Our experience and expertise as well as good teamwork Barging ahead with new capabilities with our customers are thus essential to us getting the job Converted from a mating FS-1’s maiden project was the T h e 2 2 , 0 0 0 - t o n n e done successfully.” barge into a floating docking of the drillship Noble docking capacity of the dock, FS-1 has proven Leo Segerius which had its FS-1 easily accommodated Work on ONOME was its worth with several stern section jumboised or ENSCO 6000 which had completed in 66 days, key projects already extended in an upgrading a total displacement of 18 days ahead of schedule. completed on it. It is an programme. Following 11,114 tonnes during In a letter to the Keppel important asset which has that, FS-1 was again put to the docking operation, team, Mr Vincent Okhomina, significantly extended the good use for the docking as well as a pontoon S e a w o l f ’s O f f s h o r e capabilities of BrasFELS, of its first semisubmersible measuring 75 metres by Installation Manager on Keppel’s Shipyard in drilling rig, ENSCO 6000, 50.4 metres. ONOME commended them Brazil, beyond its existing which was carried out on on a job well done and drydock facility. 26 October 2011. without incident.

The Flying Squad is presently on standby for the repair of SeaWolf’s Delta Queen, a Friede & Goldman L-780 jackup rig.

Emergency response from Keppel Verolme The 366-metre long container vessel CMA CGM Alaska, owned by ship operator Claus-Peter Offen, turned to Keppel Verolme for urgent repairs after a collision. The collision had left CMA CGM Alaska with an indentation and a large hole on her starboard side. As a result, water flooded into the ballast tank.

Keppel Verolme, in the Netherlands, quickly set to work on fixing the vessel. It renewed 44 tonnes of steel and applied a complete paint job, all within 16 days. The project was completed on 2 November 2011. keppelite

BrasFELS floating dock FS-1 takes on its first semisubmersible drilling rig, ENSCO 6000, on 26 October 2011

Keppelite I December 2011 10 Sustaining Growth

First anchor tenant at 8 Chifley Square Leading Australian law firm, Corrs Chambers Westgarth, to set up head office at K-REIT Asia’s 8 Chifley Square.

K-REIT Asia has signed on Square has an estimated the first anchor tenant for its 205,700 sf of NLA. 8 Chifley Square in Sydney. Corrs’ partner and CEO John Corrs Chambers Westgarth W.H. Denton said, “We are (Corrs) has pre-committed proud and excited at the to about 87,000 square feet prospect of moving into (sf) of premium office space this exceptional building, for a 12-year term, which is which is the first of its kind about 40% of the total net in Australia. The building’s lettable area (NLA) of the architecture and design is building. forward thinking and we feel it matches the kind of firm This first lease comes ahead we choose to be.” of the development’s completion, which is targeted 8 Chifley Square is designed to be in the third quarter of to achieve premium grade 2013. Corrs will occupy classification by the Property levels nine to 18 of the Council of Australia. It is 30-storey building. The law looking to achieve a 6-Star firm currently has offices in Green Star rating by the Sydney, Melbourne, Brisbane Green Building Council and Perth. Australia and a 5-Star National Australian Built Ms Ng Hsueh Ling, CEO of Environment Rating System K-REIT Asia Management, (NABERS) energy rating, s a i d , “ T h e s t r o n g both the highest in their pre-commitment level affirms respective categories. our positive sentiments for the Australian office market. K-REIT Asia and Mirvac We anticipate healthy Property Trust, a member demand for the remaining of the Mirvac Group, each space as 8 Chifley Square own a 50% interest in the a p p e a l s t o l e a d i n g premium office tower. corporations which value the building’s prime location As at 15 December 2011, and premium quality.” K-REIT Asia has an asset size of approximately $6 billion, Located in the heart of comprising eight quality Sydney’s CBD, at the commercial properties in junction of Hunter Street and Singapore and Australia.

Elizabeth Street, 8 Chifley keppelite K-REIT Asia’s 8 Chifley Square signs on its first anchor tenant, ahead of its completion in the third quarter of 2013

Keppelite I December 2011 Sustaining Growth 11

Strategic moves

Keppel Land has announced than 10 years, will also be two new strategic appointed as Head of Sedona appointments for its operations operations in Myanmar to in Myanmar and Thailand. enable him to maximise the synergies of Keppel Land’s Mr Saman Sarathchandra, hospitality assets in Yangon formerly GM of Sedona Hotel and Mandalay. Yangon, has been appointed as President (Myanmar) of Meanwhile, Mr Oh Lock Soon Keppel Land and will be who has more than 26 years responsible for developing of experience in the the company’s business in construction and real estate Mr Saman Sarathchandra Mr Oh Lock Soon Myanmar, leveraging his industry, has been appointed many years of experience in as President (Thailand) of Moon Thong will relinquish relinquish his Thailand the country. Keppel Land and will be his Myanmar portfolio and portfolio and be re-designated based in Thailand. be re-designated as President as President (Vietnam and Mr Saman, who has been (Indonesia and Malaysia) The Philippines). keppelite with Keppel Land for more In related moves, Mr Sam while Mr Linson Lim will Winning developments

Keppel Land received double Award (Southeast Asia) while to recognise the quality interior design and industry accolades at the inaugural The Estella clinched the Best of the region’s real estate, professional services. keppelite South East Asia Property Condo Development Award construction, architecture, Awards held on 30 November (Vietnam). 2011. Its developments Ocean Financial Centre (OFC) The Property Awards was Platinum deal won the Green Development launched by Ensign Media Keppel Land has sold its One of the largest and approximately 87.5% newest premium office shareholding in Ocean buildings in the Raffles Properties, the owner of Place and Marina Bay OFC, to K-REIT Asia for p re c i n c t s , O F C i s a a period of 99 years. The 43-storey premium Grade transaction was completed A office tower. Comprising on 14 December 2011. 884,957 square feet of Keppel Land will realise a net lettable area, the net gain of about $492.7 development is already million through the sale. about 80% leased to For K-REIT Asia, the established corporate Celebrating Keppel Land’s win at the South East Asia Property Awards ceremony are (from acquisition is Distribution tenants. left) Annie Tan, Manager, Marketing, Paul Lau, Deputy GM, Projects, Sofie Lisby, Deputy Per Unit-accretive. Editor, Property Report magazine, Albert Foo, GM, Marketing, James Lim, Manager, Projects, and Steve Ang, Executive, Projects

Keppelite I December 2011 12 Sustaining Growth

Jewel of the East

Peranakan-themed upmarket and lifestyle to the East of Alpha Investment Partners The mall, with a total net mall, 112 Katong has Singapore when it opened is an investor of the lettable area of 207,000 ushered downtown luxury on 15 December 2011. Perennial Katong Retail Trust, sf, has achieved close to a private trust which owns 100% occupancy. Anchor 112 Katong. tenants include Market Place Gourmet Supermarket and Set in the junction of East Golden Village, which will Coast Road and Joo Chiat have a Peranakan-themed Road, the revamped building multiplex. is designed to harmonise with the rich Peranakan heritage With its variety of shopping, of the Katong area. dining and entertainment options, 112 Katong will Peranakan-inspired motifs be treasured by the large spanning the glass facade of residential population in 112 Katong are illuminated Marine Parade, Katong and

by LED lights, presenting a Joo Chiat. keppelite modern interpretation to Peranakan architecture and

A new premier lifestyle destination in Singapore’s East design.

Clean energy project on track

Keppel Prince Engineering’s 2011. When completed work on the Macarthur wind b y e a r l y 2 0 1 3 , t h e farm in Victoria, Australia, 420-megawatt wind farm is progressing on schedule. is set to be the largest The company, an Australian wind farm in the southern subsidiary of Keppel hemisphere, with each Integrated Engineering, won turbine having a generation an A$27 million contract capacity of three megawatts from Vestas Towers A/S in when assembled. 2010 to build 80 of the 140 towers and construct Keppel Prince Engineering is 140 foundation rings for the one of the largest employers wind farm. in Portland, and has over 150 employees working on Massive 55-metre turbine the Macarthur wind farm

blades were delivered to project. keppelite the wind farm in November

Massive wind turbine blades arrive at the Macarthur wind farm in Victoria, Australia

Keppelite I December 2011 Sustaining Growth 13

Foreign exchange

Committed to sharing ideas and building its network, Keppel actively engages in national, industry and business conferences and forums.

Cross-border cooperation Keppel Land participated in the Vietnam-Singapore Business Forum held from 30 November to 2 December 2011 in Hanoi.

Hosted by the Vietnam Chamber of Commerce and Industry and attended by some 300 government leaders, businesses, entrepreneurs and economists, the annual event aims to enhance cross- border business cooperation b e t w e e n S i n g a p o r e and Vietnam, facilitate the exchange of ideas, knowledge and experiences, Keppel Seghers’ MEMSTILL® membrane distillation technology aroused industry interest at top European water conferences in November 2011 as well as further cement business ties between the two countries. by its growing middle-class due to a warming world. for governments around the and rapid urbanisation.” The issue of sustainable world. Speaking at the forum on water management thus the topic of real estate and Keppel Land has been a took centre stage at water Keppel Seghers’ water property management, partner for growth and conferences held across solutions cover the full water Mr Doan Anh Hung, development in Vietnam Europe in November this cycle, including wastewater DGM of Keppel Land since early 1990s. To-date, year. treatment, process and V i e t n a m , s h a r e d t h e Keppel Land has 17 projects drinking water, desalination company’s strategy amidst in Vietnam with a pipeline of At Aquatech held from 1 to and water reuse. Industry the current economic about 22,000 homes. 4 November in Amsterdam, m e m b e r s t o o k k e e n outlook. a n d A q u a r a m a o n interest in Keppel Seghers’ Blue agenda 16 November in Belgium, MEMSTILL® membrane He said, “We take a long- Earth is blue when viewed Keppel Seghers showcased distillation technology, which term view on our investments from space, as it is covered its advanced water solutions was showcased at the events. and remain confident in the mostly in water. And yet, that are capable of keppelite growth potential of Vietnam’s fresh and clean water to mitigating water scarcity and property market, supported support human life is waning managing water resources

Keppelite I December 2011 14 Sustaining Growth

Showcasing exemplary practices

The Keppel Group warmly His Excellency Abdulaziz the delegation, sharing on Keppel Singmarine on welcomes visitors from far Bin Mohammed Bin Nasser the Group’s offshore and 11 November 2011. and wide to learn about its Al-Tuwaijri, led a delegation marine capabilities as well operations and practices, on a visit to Keppel Shipyard as past and present projects Led by Professor Vladimir showcasing Singapore on 30 November 2011. for the Middle East. This V. Alexandrov, President of and the Group’s strengths SEAPA is the government includes a customised KFELS the NTOS and Professor and capabilities across agency that supervises the Super B Class jackup rig at Saint Petersburg State diverse sectors. ports of Saudi Arabia. for Saudi Aramco to be Marine Technical University, delivered in the second half the delegation comprised Saudi stopover Keppel Shipyard’s ED of 2012. personnel from education President of the Saudi Mr Chor How Jat and Senior and research institutes as Ports Authority (SEAPA), GM Mr Louis Chow hosted With a global network of well as shipbuilding and ship 20 yards worldwide, Keppel repair companies. Offshore & Marine operates two yards in the Middle East Keppel shared on the region. They are Nakilat- offshore and marine projects Keppel Offshore & Marine it had delivered to Russia which is based in Qatar, and over the years. This includes Arab Heavy Industries, located the ice-class Floating Storage in United Arab Emirates. and Offloading unit, Yuri Korchagin, a project delivered Russian visit by Keppel Singmarine with A delegation from the its sister yard, Caspian Science & Technology Society Shipyard Company, and the of Shipbuilders of the Russian two icebreakers, Toboy and

Federation (NTOS) called Varandey. keppelite Mr Nelson Yeo (foreground, extreme right), MD of Keppel Shipyard, hosted delegates from the Science & Technology Society of Shipbuilders of the Russian Federation on Keppel Shipyard and

Delegates from the Saudi Ports Authority (SEAPA) were warmly welcomed at Keppel Shipyard

Keppelite I December 2011 Sustaining Growth 15

Mentoring leaders

As the global economy faces to conduct an Executive mentees readily and bridge Indeed, it was a very inspiring uncertain times ahead, good Mentoring Workshop for cultural differences between and interactive workshop.” mentorship becomes all the over 20 managers across employees. more pertinent, as it keeps the Keppel Group on A d d e d M r L i m A h employees engaged and 6 December 2011. Mr Au Yong Kong Seng, Cheng, Asst. GM, Project sustains their enthusiasm GM, China Business Unit of Management, Keppel FELS, and determination. Good According to John and Eliza, Keppel Telecommunications “The workshop has further mentorship is also crucial good mentors must have & T r a n s p o r t a t i o n reinforced my belief that to succession planning and seven attributes: common commented, “John and the process of mentoring talent management. sense; rough edges which Eliza have vast experiences and enabling others is a have been smoothed; care; a which allowed them to rewarding and fulfilling

This was the message shared good listening ear; wisdom; share interesting anecdotes. experience.” keppelite by Mr John Bittleston and lucidity; and creativity. These were very thought- Ms Eliza Quek, experienced provoking and stimulating, trainers brought in by Keppel Mentors with these attributes and relatable to our personal Group Human Resources are able to connect with their and workplace experiences.

Sharing on project risk management

Established processes support the execution of smooth operations, enabling project managers to identify, assess, mitigate and review the risks impacting a project’s scope, schedule and costs.

This was amongst many important tenets of Keppel FELS’ project management Keppel FELS shared project management best practices at its yards with Keppelites from across the Group methodology shared by its project managers with of project management high quality delivery. We invaluable insights into rigs 30 Keppelites from across processes and team work hope the participants can design and construction, the Group on 1 December to ensure continued project pass on their newly-acquired project management 2011, initiated by Keppel success. knowledge in their respective control processes, and MD Corporation’s Group Risk business units.” review session for proactive Management Department. Ms Tina Chin, GM of management of risks. These Group Risk Management of Mr Lim Kim Chiew, Chairman lessons learnt can help us Mr Wong Kok Seng, MD of Keppel Corporation, shared, of Keppel Land’s Project in our business review and Keppel FELS, kicked off the “Keppel Offshore & Marine’s Management Focus Group, improvement on the project session by emphasising on expert project management appreciated the session, management system.” keppelite the continuous improvement capabilities ensures consistent remarking, “We have gained

Keppelite I December 2011 16 Sustaining Growth

Securing our business

To enhance the resilience power outages and loss of business units to learn are the common concerns of Keppel’s businesses in critical equipment. from each other’s diverse and strategies to manage

any eventuality, Keppel experiences and distill what risks.” keppelite C o r p o r a t i o n h e l d a n The participants also gleaned inaugural Business Continuity insights from the guest Management (BCM) speaker, Dr Goh Moh Heng, Conference for the Group President of the Business on 8 December 2011. Continuity Management Institute, who presented The conference was attended on “The top five things an by Keppel Corporation’s organisation should know Chairman Dr Lee Boon Yang, when implementing its BCM CEO Mr Choo Chiau Beng, programme”. Senior Executive Director Mr Tong Chong Heong, Dr Goh said implementing board members and senior a standardised, effective management of the Group and robust BCM plan across a s w e l l a s o v e r 2 5 0 business units involved Keppelites. commitment from senior m a n a g e m e n t , a c t i v e In his opening remarks, engagement of all aspects Mr Choo emphasised the of business operations and importance of enhancing the consideration of key

Group-wide operational interdependencies. Mr Mok Kim Whang, President and GM of Keppel Subic Shipyard, shares how the shipyard is resilience. Citing recent world ever-ready to ensure business continuity examples such as the tsunami Keppel Corporation’s in Japan and the tension in G r o u p C o r p o r a t e Iran which could disrupt oil C o m m u n i c a t i o n s a n d supply from the Middle East, Group Human Resources he underlined the need to be departments also took the vigilant and well-prepared opportunity to underscore to respond seamlessly to their supporting roles in business interruptions BCM planning and crisis as well as ensure rapid management. business recovery. Ms Tina Chin, GM of The participants benefitted Group Risk Management, from presentations by fellow concluded the conference Keppelites across the Group thus, “It is heartening to who shared their experiences see the conference bringing and mitigation plans that different parts of the Group enabled our businesses together, to share how to recover quickly from business units put into severe disruptions, such as practice their BCM plans. hurricanes and typhoons, The conference serves as Guest speaker Dr Goh Moh Heng elaborates on the top five things to know when terrorism, pandemic flu, a timely platform to allow implementing a BCM programme

Keppelite I December 2011 Sustaining Growth 17

Sterling partnerships

Keppel FELS and its markets such as China. Keppel FELS conferred to look beyond Singapore. subcontractors celebrated As such, we must not stick JS Marine Engineering with He expressed his hopes to another year of win-win to the status quo. We the “Best in Health, Safety see more subcontractors collaborations at its annual must continue to challenge and Environment” Award as come forward to work with Subcontractors Night, held ourselves to do our jobs well as recognised six of its Keppel on the overseas on 28 November 2011, better, quicker and safer. subcontractors for ten years projects. keppelite and attended by some 280 As we continue to control of dedicated services. representatives. costs, safety must not be compromised. Safety should In addition, Mr Tong Mr Tong Chong Heong, CEO always be our top priority.” encouraged the subcontractors of Keppel Offshore & Marine, expressed his appreciation for their support, which undergirds Keppel’s ability to consistently deliver quality services to its customers and maintain a strong orderbook.

He added, “The market is becoming more volatile and competitive, with rising competition from emerging Keppel FELS celebrates another year of strong partnerships with its subconstractors

Inspiring every moment

Every minute, every hour, they find joy and inspiration every day, Keppel touches in their day’s work. lives in over 30 countries across the globe through This chronicle hopes to our workforce of 37,000. deepen Keppelites’ sense of belonging and collective This is the conceptual thrust purpose, as we strive as behind the Keppel Group’s one to realise our vision 2012 calendar, which features of being the Provider of Keppelites S u s t a i n i n g Choice for Solutions to the Growth, Empowering Lives Offshore & Marine Industries, and Nurturing Communities Sustainable Environment and at all hours of the clock as Urban Living. keppelite

Keppel Group’s 2012 calendar features keppelites enjoying their day’s work

Keppelite I December 2011 18 Sustaining Growth

Vietnamese vitality Eileen Tan, Keppel Group Corporate Communications Executive, shares her insights on the vitality of Vietnam while working with Keppel Land’s Vietnam team during the groundbreaking of Saigon Centre in November.

Ho Chi Minh City (HCMC), big modern offices, high-end Ahead of the competition For Saigon Centre, Keppel the economic heart of cuisines to luxurious spas – is Keppel Land, a pioneer Land has worked with Vietnam, is a metropolis on clear signs of the country’s foreign investor who has its joint venture partners the move with its endless rising aspirations for high been operating in Vietnam Sowatco and Resco for over throngs of motorbikes, quality of living. for more than 20 years. a decade since phase one of cars, and buses amidst the Today, the company’s the project was launched in cacophony of heavy traffic It is amidst this setting of portfolio of properties in 1996. The opening of the and thick populace. pure energy that I stepped Hanoi, HCMC, Dong Nai and Safety Awareness Centre foot on HCMC, buzzing Vung Tau, is one of largest was also made possible with A high-octane city of with excitement to be and most diverse, spanning the support of the local commerce and culture, collaborating with my Grade A offices, award- Vietnamese partners. remnants of the city’s past local colleagues to deliver winning serviced apartments from churches, temples and milestone events for Keppel and integrated residential My week in HCMC had been old government buildings, Land and the city. township developments. an eye-opening experience. sit side by side with modern In the thick of the project, luxuries from designer malls, Gaining momentum as one of Interestingly, though as I grappled with the the fastest growing emerging Vietnam’s goods and services language and agonised over economies, Vietnam’s are increasingly catered to whether things got lost in middle class population and an international audience, translation, I gradually learnt urbanisation rate are growing the country remains deeply to adopt the composure of in lockstep. These trends connected to its Asian roots. the Vietnamese, which is to present tremendous business Respect and reputation never appear harried even opportunities. Recognising are important aspects of when in a hurry and always

this, companies from all doing business in Vietnam, put people first. keppelite over the world have been and building trust and swarming into the market relationships with locals are aggressively. critical to partnerships.

Ho Chi Minh City is a vibrant city of commerce and culture – remnants of the city’s past, churches, temples and old government buildings, sit side by side with modern luxuries from designer malls, big modern offices, high-end cuisines to luxurious spas

Keppelite I December 2011 Sustaining Growth 19

Garden of life

In Jakarta where traffic gridlocks, overcrowding and city smog are a grating part of everyday life for some urban dwellers, Handoyo Lim leads an enviable quality lifestyle amidst a wholesome living environment at Jakarta Garden City (JGC) where he lives, works and plays.

Blue skies, fresh air, lush landscaping, convenient amenities within a stone’s throw and spacious, eco- conscious homes – these are the cherished comforts of home sweet home offered by JGC, Keppel Land’s flagship Handoyo‘s family bonds over a barbecue in their backyard township development in Indonesia. JGC is the first residential has borne fruit, judging from that he can get to the heart development in Indonesia to the success of our launches so of the central business district Handoyo isn’t keeping the clinch the Green Mark Gold far,” shared Handoyo. in half an hour’s drive. secret of ‘paradise found’ to Award by the Building and himself. Not just a resident of Construction Authority of The comprehensive amenities The unique experience JGC, he is also Keppel Land Singapore. offered by the township fulfill of living where he works Indonesia’s Marketing and the needs of Handoyo’s family. has allowed Handoyo to Communications Manager “I used to live in Kelapa Gading, His six-year-old son attends develop strong bonds for JGC for four years a mature neighbouring Sekolah Global Mandiri with his neighbours who now, responsible for the township. It is my job and which is just a short drive were also his customers. advertising and promotion aspiration for JGC to grow away while his wife frequents The close community ties activities at the township. to become better than it. the market and shopping mean that neighbours are With rapid urbanisation and arcade nearby. Over the always ready to lend a Living is believing and environmental concerns, weekends, the family helping hand. Handoyo has been won over Indonesians are becoming makes use of the newly by JGC’s offerings. With his more eco-conscious and seek completed clubhouse which “My first-hand experience strong belief in the merits homes which can achieve houses a wide range of of JGC has allowed me to of living at JGC both as a energy and cost savings while facilities – from a children’s share a deeply personal and resident and as part of benefiting the environment playground to a function authentic experience of the the JGC marketing team, at the same time. room big enough to hold key benefits of living in the Handoyo takes special a wedding! township to my customers. pride in marketing JGC “The team at JGC works I am confident that our and attracting more people very hard towards the goal For Handoyo, work is only future launches will be who yearn for a clean, of making JGC the choice a few minutes away while successful as well,” said convenient and centrally township to live in and we are JGC’s accessible and well- Handoyo. keppelite located home. pleased that our hard work connected location means

Keppelite I December 2011 20 Sustaining Growth

A toast to friends

Thomas Jefferson once It is befitting then, that Keppel set against a captivating view analysts and media friends likened friendship to Corporation Group Corporate of the waterfront. attended the party, themed wine – raw when new, Communication’s (GCC) ‘Icons and Idols’, on 15 ripened with age, a true annual ‘Friends of Keppel’ Keppel’s business associates, December 2011 to renew restorative cordial. party was held at The Wine industry partners, old ties and forge new

Glass at Marina at Keppel Bay, government officials, friendships. keppelite

1 2 3

4 5

6 7 8

1. Ms Wang Look Fung, Director of Group Corporate Affairs, Keppel Corporation, in conversations with Ambassador Tony Siddique and Ambassador Michael Tay; 2. Mr Choo Chiau Beng, CEO, Keppel Corporation congratulates Mr Ding Qilin, Chief Correspondent of Xinhua News Agency on his lucky draw win; 3. Ms Lynn Kan, Journalist at Business Times and Ms Angelina Choy, Art Editor of The Straits Times (centre) flanked by Roy Tan and Eva Ho of Keppel Corporation’s GCC; 4. Guests enjoy an evening of fine wines and scenic views as they toast to friendship; 5. Analysts Ms Cheryl Lee from UBS (second from left), Mr Gerald Wong and Mr Christopher Chng from Credit Suisse (centre), and Mr Jason Saw from DMG with members of Keppel Corporation’s GCC team; 6. (Centre) Mr Chee Jin Kiong, Director, Group Human Resources, Keppel Corporation with Mr Conrad Raj, Editor-at-large at Today; 7. Mr Yong Pow Ang, Chief Correspondent at Lianhe Zaobao (left), Mr Dale Wainwright, Asia Correspondent at Tradewinds, Yolanda Guo of Keppel Corporation’s GCC, Ms Angela Koh, Associate Editor of Lianhe Zaobao, and Mr Soon Fook Soon, GM of Business Development & Commercial (China), Keppel Integrated Engineering; 8. Ms Aw Kah Peng, Chief Executive of the Singapore Tourism Board sharing her thoughts with Keppel Corporation CEO Mr Choo Chiau Beng

Keppelite I December 2011 Sustaining Growth 21

New feather in cap

Spring City hosted over 110 local and international media personnel at the seventh Honma Cup Media Golf Tournament 2011

Adding on to its track social and economic “This programme promotes record of 90 international development. young golfers and talents, Drawing awards, Spring City Golf and with Rose’s win, we are & Lake Resort (Spring Recently, Rose Chen, a on the right track to support international City) in Kunming clinched student with Spring City’s sustainable development golfers the Yunnan Reputational Junior Academy Programme, and growth in the golf Brand Award and Kunming also brought glory to the industry.” The seventh Honma Cup Reputational Brand Award resort by securing the trophy China-International Media on 9 December 2011. at the China Citic Bank From a village near Spring Golf Tournament 2011 was Amateur Golf Championship City, 18-year-old Rose has held at Spring City from 1 Spring City, an Audubon held in Hainan, China, on been training at Spring City to 4 December 2011. This International Classic 24 November 2011. for the past 5 years. event saw Spring City host Sanctuary and one of China’s over 110 golfers from local leading golf courses, is Mr Lau Tong Chye, GM, He added, “We are very and international media, the first golf resort to bag Operations, Spring City, proud of Rose, and I’m sure from Malaysia, Korea, the Yunnan Reputational said, “By sponsoring the that her success story will Japan and Singapore. Award. entire training and practice serve as an inspiration to schedule together with fellow and future participants Besides golfing, participants

Presented by the Yunnan golf equipment, the Junior in the programme.” keppelite also took part in a forum and Kunming governments, A c a d e m y P r o g r a m m e where topics such as the the two awards recognise provides an opportunity for role and impact of media companies with outstanding middle school students from on golf tournaments led operations and significant villages to be skilled in the to engaging interactions contributions to the region’s game. and debate.

Keppelite I December 2011 22 Special Focus

Continuing strong growth track in 2011

Keppel’s strong fundamentals October OFFSHORE & MARINE Keppel FELS Brasil secured and core competencies K e p p e l C o r p o r a t i o n two contracts totalling continue to drive further announced the appointment January R$500 million (approx. growth across businesses of Mr Loh Chin Hua, Keppel FELS secured orders $381.4 million) from Single and markets amidst MD of Keppel Land’s real from Clearwater Capital Buoy Moorings, and the challenging and competitive estate fund management Partners, LLC to build a pair joint venture company landscapes. arm, Alpha Investment of premium KFELS B Class MODEC and Toyo Offshore Partners (Alpha), as jackup rigs at US$360 million Production Systems. KEPPEL CORPORATION CFO with effect from and from Discovery Offshore 1 January 2012. S.A. to construct two harsh Maersk Drilling Holdings June environment jackups based Singapore placed orders Mr Tong Chong Heong on the proprietary KFELS with Keppel FELS for two was appointed as Senior Super A Class design for Gusto MSC CJ70 harsh Executive Director of Keppel about US$416 million. environment jackup rigs Corporation. worth close to US$1 billion. Keppel Philippines Marine Inc increased its stakes in Keppel Keppel FELS secured contract Philippines Subic Shipyard worth about US$380 million to 84%. from Transocean Offshore Deepwater Holdings to build February two high-specification KFELS Keppel FELS won contracts Super B Class Bigfoot jackup from Ensco to build two rigs. enhanced KFELS Super A Class harsh environment March jackup rigs at about Keppel Offshore & Marine US$440 million. (Keppel O&M) acquired 28% stake in SGX-listed topside module fabricator Dyna- Mac via equity placement to strengthen its lead as the total solutions provider for floating production systems (current stake in Dyna-Mac is 27%).

K e p p e l A m F E L S w o n contract from Mexico’s Perforadora Central SA de CV to build a jackup rig worth US$195 million.

With 16 units ordered in 2011, the KFELS B Class design is among Keppel’s suite of proven proprietary designs that is gaining market acceptance

Keppelite I December 2011 23

Keppel Shipyard secured S$170 million contracts for completing a Pipe Laying Record delivery Vessel for Saipem S.p.A Even as Keppel Offshore jackup rigs, seven FPSOs, budget deliveries. Its and converting a Floating, & Marine (Keppel O&M) one drillship outfitting, eight value proposition includes Storage and Offloading secured record new orders specialised vessels and two meeting local content (FSO) vessel for Bumi Armada worth some $9.8 billion major repair/completion requirement such as Berhad. for the year-to-date, it projects. with the P-56 which was also delivered some 26 completed entirely in Brazil Keppel FELS secured a contract major projects across In the execution of its as well as the completion worth about US$210 million its yards around the projects, Keppel O&M has of complex projects such from Japan Drilling Company world. This includes five maintained its track record as the Scarabeo 9. to build a KFELS Super B Class semisubmersibles, three for safe, timely and within jackup rig. PROJECTS Type Customer April Jasper Investments placed Newbuild jackups a s e c o n d o rd e r w i t h 1 Rowan Stavanger KFELS N Class Rowan Companies Keppel FELS to build a 2 Rowan Norway KFELS N Class Rowan Companies KFELS B Class jackup rig at 3 Rowan EXL IV LeTourneau Super 116E Rowan Companies US$180 million. Newbuild semisubmersibles Keppel Shipyard and Keppel 1 West Jaya SSDT™ 3600E Seadrill Singmarine clinched new 2 Alpha Star DSS™38 semisubmersible QGOG contracts worth $240 million 3 P-56 Semisubmersible Petrobras to build a multi-purpose 4 ENSCO 8504 ENSCO 8500 semisubmersible Ensco diver support construction 5 Pv Drilling V SSDT3600E PetroVietnam vessel for SBM Offshore as FPSO/FSO/FSRU conversions and upgrading well as modify and upgrade a 1 FPSO Okha FPSO SBM Floating Production Storage 2 FPSO Lewek Emas FPSO Emas /PV Keez and Offloading (FPSO) 3 FPSO Armada TGT1 FPSO Bumi Armada vessel for Petrofac. 4 FPSO P-58 FPSO Petrobras 5 FSO Sepat FSO Bumi Armada The KFELS Multi-Purpose 6 FPSO Aseng FPSO SBM Self-Elevating-Platform 7 FPSO OSX -1 FPSO OSX wind turbine installation vessel under construction Newbuild vessels at Keppel FELS secured job 1 Princess Chloe Barge P.T. Mitra for deployment at DanTysk 2 Ratu Giok 1 Barge P.T. Pelayaran Kartika in the German sector of the 3 Straits Venture Barge PT Indo Straits North Sea. 4 KST 57 Tug Keppel Smit Towage 5 KST 58 Tug Keppel Smit Towage May 6 GLOBAL 1201 Derrick pipelay vessel Global Industries K e p p e l F E L S s e c u r e d 7 KST 59 Tug Keppel Smit Towage US$393 million contract 8 Maju Tug Tug Maju Maritime to build two KFELS B Class Bigfoot jackup rigs from Major upgrades/ repairs/ Drillship outfitting returning customer, Gulf 1 Bully 1 Drillship outfitting Noble Drilling International. 2 Ensco 7500 Semisubmersible repair Ensco 3 Scarabeo 9 Semisubmersible completion Saipem Continues on page 24...

Keppelite I December 2011 24 Special Focus

...continued from page 23.

Keppel FELS won four repeat KFELS B Class rigs order from Standard Drilling worth US$772 million.

Keppel FELS secured a contract with Vision Drilling, a wholly-owned subsidiary of Dynamic Offshore Drilling, to build its first KFELS B Class jackup drilling rig for US$180 million.

June Keppel FELS was awarded a US$142 million contract from Seadrill to build a repeat semisubmersible drilling tender based on the KFELS SSDT™ 3600E design.

Mr Chow Yew Yuen was appointed as MD of Keppel O&M and will assist the CEO of Keppel O&M in all The stake in Dyna-Mac, a topside module fabricator will allow Keppel better control over the process of designing and fabricating oil and gas aspects of Keppel O&M. He production modules will continue in his role as the President of the Americas. July September October Keppel FELS was awarded Keppel FELS’s repeat Floatel became a subsidiary Keppel FELS secured a contract a contract worth about customer, Asia Offshore of Keppel O&M through an worth US$199 million US$260 million by Floatel Drilling, ordered the third amalgamation exercise. for its refurbished KFELS International (Floatel) to KFELS B Class jackup rig B Class jackup rig from build a new generation worth US$184 million. Keppel Nantong in China Safin Gulf FZCO as well a c c o m m o d a t i o n secured a contract worth as a contract to build an semisubmersible. August S$143 million to build the enhanced KFELS Super A Keppel Shipyard secured world’s largest heavy lift Class harsh environment Ahead of its opening in t w o c o n t r a c t s w o r t h sheerleg floating crane for jackup rig from Ensco for 2012, Keppel Singmarine S$146 million to convert Asian Lift. US$245 million. Brasil secured two newbuild an FPSO unit for SBM contracts worth about as well as to fabricate Keppel Shipyard secured November S$140 million from fleet a n d i n t e g r a t e a n t h r e e c o n v e r s i o n Keppel Singmarine secured operators in Brazil. The first external turret mooring contracts worth a total of two contracts worth about contract is for six 45-tonne system for an existing S$142 million. These S$47 million from Indonesian bollard pull twin-screw FPSO vessel. contracts are to convert customers. The contracts are Azimuth Stern Drive harbour a Liquefied Natural Gas for a Coal Transshipment tugboats for Rebocadores do Keppel FELS secured a repeat (LNG) Carrier to a Floating Barge for repeat customer Brasil S.A., and the second order from Transocean Storage Unit (FSU), a VLCC PT Indo Straits Tbk, and contract is to construct for a KFELS Super B Class tanker to an FSO unit as w the construction of three a large-sized 4500 dwt Bigfoot jackup rig for ell as a tanker to a FPSO tugboats for an international Platform Supply Vessel. US$195 million. unit. shipping company.

Keppelite I December 2011 25

December K e p p e l I n t e g r a t e d Keppel T&T and Keppel Land (Annto) and ceased to be K e p p e l O & M s e c u re d Engineering (KIE) signed a respectively. a registered shareholder of a c o n t r a c t w o r t h framework agreement to Annto. US$809 million from Sete explore joint investment March Brasil for a proprietary and development of water Keppel T&T, through a Securus Data Property DSS™38E semisubmersible. treatment projects in subsidiary, entered into a Fund (Securus Fund), jointly the Tianjin Eco-City, and conditional agreement to managed by a subsidiary INFRASTRUCTURE also entered into a lease sell its 35% shareholding of Keppel T&T and AEP agreement that will establish of Wuhu Annto Logistics Investment Management, January its presence in a new Co to Midea for an after completed the acquisition The Keppel Group signed innovation centre. tax net proceed of of a 70%-stake in iseek three agreements to deepen approximately $52.6m. Data Centre from iseek and broaden its investments Keppel T&T and Keppel Communications. and scope of activities in Land formed a joint April the Sino-Singapore Tianjin venture company, Keppel A joint venture was inked Keppel T&T signed a non- Eco-City (Tianjin Eco-City) Data Centres Holding, between KIE and Tianjin binding Memorandum of in China. to consolidate their data Eco-City Investment and Understanding with the centre assets and position Development Co to pursue Construction Office of Sino- Keppel Telecommunications the business for further the building, owning Singapore Jilin Food Zone & Transportation(Keppel growth. Keppel Data Centres and operation of a water to jointly develop a logistics T&T) signed an agreement Holding (JV Co) is 70%:30% reclamation plant in the park to serve the proposed for the land use rights for indirectly held by Keppel T&T Tianjin Eco-City. Jilin Food Zone. the development of and Keppel Land respectively. an integrated logistics The JV Co also acquired July August distribution centre within two data centre assets, Keppel Logistics completed Keppel Logistics completed the Eco Industrial Park of the Keppel Datahub and Keppel the sale of its 35% stake Tianjin Eco-City. Digihub, currently owned by in Wuhu Annto Logistics Continues on page 26...

KIE inks JV agreement with TECID to pursue the building, ownership and operation of a water reclamation plant in the Tianjin Eco-City

Keppelite I December 2011 26 Special Focus

...continued from page 25.

With the opening of Nanhai Distribution Centre, Keppel Logistics Foshan will add another 35,000 sm of warehousing space and manage a total of over 100,000 sm of warehousing space in Guangdong Province

the acquisition of the other November Alpha Investment Partners, the total strata area which 50%-stake in Transware Keppel T&T through its joint (Alpha) through its translates to 223,830 sf Distribution Services from venture, Keppel Logistics US$1.2 billion Macro Trends of net lettable area at MISC Integrated Logistics for (Foshan), officially opened Fund (AAMTF), and NTUC Prudential Tower. $17.85 million. its new distribution centre Income, entered into an in Foshan, Guangdong agreement to jointly acquire April October Province. Capital Square for an Singapore’s Senior Minister K e p p e l T & T s i g n e d a investment consideration of Goh Chok Tong officiated joint venture agreement December about $889 million. at the groundbreaking with Sinotrans to jointly Securus Fund formed a joint ceremony of Keppel’s develop and operate a river venture with Keppel T&T’s K-REIT Asia Management, Seasons City in the Tianjin port along Yangtze River, wholly-owned subsidiary, the Manager of K-REIT Eco-City. Located within serving Wuhu City, Anhui Boxtel Investments, to own, Asia, announced that the Keppel Group’s 36.6-ha Province and the central manage and operate a data RBC Dexia Trust Services site, Seasons City comprises region of China. This marked centre in Gore Hill, Sydney, Singapore, in its capacity three office towers, retail Keppel T&T’s first port project Australia. as the trustee of K-REIT premises and serviced along Yangtze River. Asia, entered into a sale and apartments with a total PROPERTY purchase agreement for the Gross Floor Area of about K I E h a n d e d o v e r t h e acquisition of levels 26 to 29 254,398 sqm. Domestic Solid Waste March of the 30-storey Prudential M a n a g e m e n t C e n t r e Keppel Land was awarded Tower at a purchase price of May project in Qatar to clients a prime residential site in approximately $125.1 million Jakarta Garden City a n d c o m m e n c e d t h e Sengkang by the Housing inclusive of rental support. became the first residential Operational and Maintenance and Development Board for Post-acquisition, K-REIT Asia development in Indonesia phase. about $286.8 million. owns approximately 93% of to be conferred the Green

Keppelite I December 2011 27

Mark Gold Award by the development of about 1,000 as Manager of K-REIT including commercial Building and Construction high-rise apartments. Asia, announced that components. Authority (BCA) of RBC Dexia Trust Services Singapore. Keppel Land, together Singapore, in its capacity as Deputy PM and Minister with JV partners – local the trustee of K-REIT Asia for Finance and Manpower June developers Tien Phuoc Co h a d e n t e re d i n t o a n Tharman Shanmugaratnam Riviera Point in Ho Chi and Tran Thai Co, obtained agreement with Mirvac opened the Ocean Financial Minh City, Vietnam, masterplan approval and Property Trust for the Centre. received positive response kickstarted the development acquisition of a 50% for its public launch. The of a prime 30-ha cleared interest in Mirvac 8 Chifley September project is jointly developed site in South Rach Chiec, Trust, which owns 8 Chifley Keppel Land achieved strong by Keppel Land’s wholly- District 2 of HCMC. The Square, Sydney, Australia. take-up for The Luxurie in owned subsidiary, Elaenia waterfront development will Sengkang which comprises Pte Ltd, and established comprise about 6,430 homes August 622 homes. local property developer, Tan supported by quality retail, K e p p e l L a n d C h i n a Truong Co. commercial, educational s e c u r e d a 2 1 . 5 - h a Alpha set up its new China and medical facilities with a lakefront residential site office in Shanghai, China Keppel Land China secured a total gross floor area of about in Binhu district, Wuxi, and appointed Mr Eric Goh 7.2-hectare site in Nanxiang one million sm. Jiangsu province, China Lai Soon as CEO of China Town, Jiading District in for about $368 million. Operations. Shanghai, China for about July The development will $241 million for the K-REIT Asia Management, comprise 2,500 units, Continues on page 28...

Seasons City, a mixed development of three office towers, retail premises and serviced apartments, had its groundbreaking in April this year

Keppelite I December 2011 28 Special Focus

...continued from page 27.

Alpha also announced the the Dow Jones Sustainability out of 2,500 worldwide in based on GRESB’s model of first closing of its Alpha Indices (DJSI World Index sustainability leadership. environment performance. Asia Macro Trends Fund II and DJSI Asia Pacific Index). (AAMTF II). The AAMTF II It is the only Singapore In the Global Real Estate For the third time, Keppel raised a commitment of company to be included in Sustainability Benchmark Land garnered the “Best o v e r U S $ 4 6 0 m i l l i o n the Sustainability Yearbook (GRESB), Keppel Land was in Class” status conferred (S$556 million) as at end 2011 which features the named the Best Performer in by Norwegian financial June 2011 from eight top 15% of companies Asia and earned a “Green Star” institution Storebrand and institutional investors. AAMTF II made its maiden investment by entering into an agreement to acquire a 142-room boutique Central Park Hotel in Hong Kong for HK$515 million (about S$80 million).

October Keppel Land clinched several top awards for best practices in sustainability. It was the sole winner for the Singapore Awards for Sustainability Reporting (SASR) 2011 by the Association of Chartered Certified Accountants (ACCA).

Keppel Land was also Mr Choo Chin Teck, Director, Corporate Services and Company Secretary of Keppel Land (right), receives the Best Sustainability Report Award selected as a component of from Ms Grace Fu, Senior Minister of State, Ministry of the Environment and Water Resources

The Luxurie, Keppel Land’s homes in Sengkang, continues to receive positive response

Keppelite I December 2011 29

Keppel Land breaks new ground for Saigon Centre Phase 2 in Ho Chi Minh City scored the highest among The transaction will yield for accreditation by the Marina A leading Australian law other listed Singapore Keppel Land a net gain of industry Association of firm, the company has pre- developers. about $492.7 million upon Australia. committed approximately completion, derived after 87,000 sf of premium office Keppel Land, through deducting the book value of Keppel Land and JV partners, space at 8 Chifley Square subsidiary Straits Property the investment and excluding Southern Waterborne and in Sydney, Australia, for a Investments, entered into a gain arising from the Group’s Transportation Corporation 12-year term. This works out conditional share purchase 46.4% in K-REIT Asia. (SOWATCO) and Saigon Real to be approximately 40% agreement with RBC Dexia Estate Corporation (RESCO) of the total net lettable area Trust Services Singapore as K-REIT Asia also proposed held a groundbreaking of the building. Both K-REIT trustee of K-REIT Asia, for a rights issue to partly ceremony for Phase two of Asia and Mirvac Property the sale of its approximate finance the acquisition. Saigon Centre in Ho Chi Trust, a member of the 87.5% shareholding interest Keppel Land would provide Minh City. Mirvac Group, own a 50% in Ocean Properties to an irrevocable undertaking interest each in the office K-REIT Asia for a period of to subscribe for its pro-rata To ensure safety at the tower. 99 years. entitlement of K-REIT Asia’s work sites of its projects, rights units. Keppel Land, with the Keppel Land announced The agreement, negotiated support of local Vietnamese the completion of the on a willing-buyer and K-REIT Asia Management partners, opened a Safety divestment by subsidiary willing-seller basis, has been Limited, as manager of K-REIT Aw a re n e s s C e n t re t o Straits Property Investments reached at the consideration Asia, announced that K-REIT provide training to raise the of its approximately 87.51% of $1,571.3 million (subject Asia received an investment safety standards among its in Ocean Properties to K-REIT to completion and post- grade rating of “BBB” and workforce. Asia for 99 years. keppelite completion adjustments). an ASEAN scale rating of This was based on an “axA” by Standard & Poor’s December *Milestones as at 23 December 2011 agreed value for the property on 20 October 2011. K-REIT Asia Management at $2,013.1 million with Limited, as Manager of a rental support of up to `Marina at Keppel Bay was K-REIT Asia, announced $170 million from the conferred the Green Mark its first anchor tenant at completion of the sale to Gold Award by the BCA, 8 Chifley Square in Sydney – 31 December 2016. as well as the Clean Marina Corrs Chambers Westgarth.

Keppelite I December 2011 30 Empoweringmpowering Lives Lives

Senior ED Mr Tong Chong Heong (first image, second from left) and Chairman Dr Lee Boon Yang (centre of second picture) and senior management from across the Keppel Group celebrate with employees at the Keppel Corporation’s year-end party

Appreciation all around

A b o u t 1 1 0 K e p p e l ranging from 10 years to Corporation employees 40 years. Remarkably, the 26 gathered at the Reflections employees have contributed at Keppel Bay show gallery a total of 640 years of service for the Long Service Awards to the company! Presentation cum Year End Luncheon on 16 December Some 16 members of the 2011. Keppel Filipino Community (KFC) which is formed by Keppel Corporation’s CEO about 300 Filipino Keppelites Mr Choo Chiau Beng and their family, added to expressed appreciation to the celebratory air with all employees for their hard Christmas carols. work. 26 loyal Keppelites were also honoured with The highlight of the party Say Huan Yuan, Assistant Manager, Business Planning, Keppel Telecommunications & Transportation, who is on secondment from Keppel Corporation, received the top lucky draw Long Service Awards was an exciting lucky draw prize from CEO Mr Choo

Keppelite I December 2011 empowering Lives 31

1 2

3 4 5

1. Mr Michael Chia, Deputy Chairman of KIE (centre, in black shirt) and Mr Thomas Pang, CEO of Keppel Infrastructure Fund Management (second from right), join KIE employees to ring in a successful year ahead; 2. A toast to good cheer – Senior management from KIE (from left) BG (NS) Tay Lim Heng, CEO of KIE, Mr Michael Chia, Deputy Chairman of KIE, Mr Jeffrey Lee, AGM of Keppel Sea Scan, Mr Thomas Pang, CEO of KIFM, Mr Goh Chin Aik, GM of Operations and Maintenance, KIE, and Mr Tan Dek Joon, SGM Commercial of Keppel Seghers; 3. KIE employees cheer on their senior management who made a lively and colourful entrance to the party; 4. KIE employees faced off in an arm-wrestling contest; 5. Hula dancers enthralled audiences with their performance at the KIE Dinner and Dance party

which saw 10 employees To end the year on a high The highlight of the party wrestling and belly-dancing walk away with prizes note, Keppel Integrated was the presentation of competitions basked in totalling over $4,500, Engineering (KIE) held its long service awards to thunderous applause from

including shopping vouchers, Dinner and Dance (DnD) on deserving KIE employees. the crowd. keppelite travel vouchers and electronic 10 December 2011. Themed BG (NS) Tay Lim Heng, CEO products. “Tropical Paradise”, the party of KIE, honoured all long saw staff decked out in service award recipients, To spread the festive cheer to vibrant beach wear. and thanked them for others less fortunate, Keppel their contribution towards Group Human Resources Joining the party were KIE’s growth over the garnered support from all Mr Michael Chia, Deputy years. departments to prepare gifts Chairman of KIE, Mr Loh for under-privileged children Ah Tuan, Director of KIE Guests were entertained at The Haven. 150 gifts and RADM (NS) Chew Men by charming hula were collected to stuff the Leong, Chief Executive of the dancers, while those who children’s stockings. Public Utilities Board. participated in the arm

Keppelite I December 2011 32 Empowering Lives

Distilled wisdom

Third row from left (years of service in brackets): Grace Chia (10), Dennis Tan (10), Caroline Chang (10), Cindy Lim (10), Chia Tsui Lin (10), Ahmad Fua’ad Bin Hassan (30), Paul Tan (30); Second row from left: Irene Koh (30), Freda Goh (30), Katrina Hui (30), Chua Bee Hoon (20), Lee Chui Ling (20), Mak Puay Hoon (30); Front row from left: Michael Poh (40), Tong Chong Heong (40), Wang Look Fung (30), Dr Lee Boon Yang, Choo Chiau Beng (40), Chee Jin Kiong (40), Magdeline Wong (30); Not pictured: Ang Ting Yang (10), Leong Yoke San (10), Cheryl Wong (30), Constance Teh (30), Wong Kin Wah (30), Doris Chia (40), Poon Kit Peng (40)

In presenting the 40-year Keppel’s achievements are some words to share with of employees and one long service award to to a large extent due to the Keppelites: another… One thing Keppel Corporation’s CEO effort of long-serving staff which has impressed me Mr Choo Chiau Beng, like Mr Choo, who have “It was definitely a sense the most is how all the staff Chairman Dr Lee Boon made Keppel their life-long of camaraderie which saw will close ranks and work Yang noted that nowadays, mission. us through the good times together in adversity.” it is not easy to find people as well as bad times… Mr Chee Jin Kiong who join a company and He recalled how ship Among the things which Director, Group Human serve it loyally and with repair and shipbuilding have kept us together are Resources commitment over such was doomed as a sunset great leadership, fairness and a long period of four industry in 1984. But it was meritocracy.” “Always have that fire in decades. not to be. Keppel, Dr Lee Mr Tong Chong Heong your belly in whatever you said, showed how we can Senior ED do. You have to have that Dr Lee praised Mr Choo create a special company passion. And never forget for serving Keppel with with determination, “The special thing about the people around you. loyalty and dedication, courage, creativity and Keppel Group is that we We work as a team, we h a v i n g s t e e r e d t h e innovativeness. are a very people-oriented grow as a team.” company through many organisation while remaining Ms Wang Look Fung ups and downs during his Some of the long service focused on the company’s Director, Group time. Dr Lee added that award winners also had performance. We take care Corporate Affairs

Keppelite I December 2011 empowering Lives 33

At home in Singapore

The recently opened workers’ also operates Acacia Lodge, dormitory, Cassia@Penjuru, Juniper Lodge, Lantana is a cozy home away from L o d g e a n d K i a n Te c k Lending a listening ear home for Velayutham Senthil Hostel. These dormitories, Kumaran, who came from home to some 10,000 Keppel undertakes a Another counsellor, Yang India to work at Keppel foreign workers, enable holistic approach towards Kun, a psychology graduate Shipyard in February 2011. Keppel to take care of the welfare of it foreign from Hunan province in the welfare of its people workers. China, explained that He shared, “I feel very and maintain a dynamic language barriers are key comfortable here. There are workforce. Mr Steven Lee, GM of challenges for mainland many recreational facilities. Keppel Housing, said, C h i n e s e w o r k i n g i n I can get together with my The compounds feature “The safety and welfare Singapore. He said, “A lot housemates to cook meals, modern amenities, including of our foreign workers are of them are from different and buy groceries at low convenience stores, paramount. This includes provinces in China, each prices.” laundromats, banking and IT their mental well-being, with their own dialect. terminals, and barber shops. which we understand Sometimes they have L o c a t e d a t P e n j u r u The bigger dormitories includes having to adjust difficulty communicating Walk, Cassia@Penjuru is also have facilities such as to a foreign country and among themselves, let Keppel Housing’s latest gymnasiums, wet markets being away from their alone in English.” accommodation facility. It is and canteens. Each resident loved ones.” jointly owned by Keppel and pays a nominal sum of By providing support Jurong Shipyard Pte Ltd. $40 to $50 per month in In line with this approach, and encouragement, the housing rent. Keppel Housing officially counsellors ease the minds In addition to Cassia@ launched a counselling of the foreign workers, Penjuru, Keppel Housing p ro g r a m m e f o r t h e enabling them to better residents of its estates in concentrate on their October 2011. Presently, work. the workers can turn to three full-time counsellors Keppel Housing is looking when they need a listening to expand the counseling ear. programme. The three counsellors have received One of the counsellors, a o n e - d a y w e l f a r e Dr Rezwana Islam, is a training course by Mr general practitioner Jolovan Wham, 31, ED who received training in of the voluntary welfare counseling as part of her organisation Humanitarian degree. She said, “Being Organisation for Migration of the same nationality Economics (Home). They is a big help in building will also receive additional rapport and connecting training in the next three with them, because months to better equip for most Bangladeshis, them for the job. counselling is still a foreign concept.

Located at Penjuru Walk, Cassia@Penjuru is Keppel Housing’s latest accommodation facility

Keppelite I December 2011 34 Empowering Lives

Clash of the titans

K e p p e l G a m e s 2 0 1 1 across the Group. Keppelite Keppel Games 2011: Final Scores culminated in an exciting finish shares highlights of the finale – after more than two months event, which took place on Atlantic Caspian pacific of intense competition. Team 27 November 2011. Caspian overcame last year’s 634 892 794 champion, Team Pacific, and Rousing start secured the Keppel Games At National University of Overall Grand Champion Singapore, where the finale Evenly matched having snared four goals Trophy. was held, senior management There was a nail-biting finish while Team Caspian fell and Keppelites from across in the soccer finals. Equally short with only three. B e s i d e s p r o m o t i n g a the Group started the day dexterous, Team Atlantic sporting lifestyle and healthy with a rigorous, seven-minute and Team Caspian came to However, Team Caspian competition amongst workout led by professional a 0-0 score after full-time cornered the 9-a-side Soccer Keppelites, Keppel Games fitness instructors. Stretching play. As such, the game Challenge Trophy, having is an annual platform for and flexing, they were soon proceeded to a penalty secured both the second cultivating strong ties warmed up for the final shoot-out in which Team and third places in the amongst employees from matches. Atlantic emerged champion, competition.

The two-month long Keppel Games 2011 ended on a high note

Keppelite I December 2011 empowering Lives 35

Charity shootout

Funds were raised for the Volunteers from Keppel and strike with each kick. A record enthused, “It is great that Association for Persons beneficiaries from APSN $50,000 was garnered from we have a charity fundraiser with Special Needs took aim with a football at Keppel’s business units. component in Keppel (APSN), Keppel’s adopted placards indicating amounts Games. I am very happy charity, through the ranging from $1,500 to One of the participants to be able to participate in Charity Penalty Shootout $2,500. The sum raised per in the fundraiser, Vernon this meaningful event and at Keppel Games person corresponded with Neo, Business Development do my bit for charity!” 2011. the placards they managed to Manager at Keppel Seghers,

$50,000 was raised for Keppel’s adopted charity, Association for Persons with Special Needs, through the Charity Penalty Shootout`

Trailblazers me to bond with my fellow In the running events, more Keppelites.” than 180 athletes put their best foot forward in races Fun and games with varying distances, Besides sporting matches, ranging from 100 metres to Keppelites also engaged six kilometres. in a series of telematches. The participating teams Zhang Ya Juan, an Engineer at gamely applied their wits Keppel FELS, remarked, “This and energies to tackling is the fifth time that I have challenges such as balancing represented Team Caspian in tennis balls on the foreheads the Veteran’s Open category. of their members and piecing I look forward to being part together a gigantic jigsaw of Keppel Games every puzzle to form the words year. Besides getting a good “Blazing for Passion, Striving workout, Keppel Games for Success”, the theme of

provides opportunities for Keppel Games 2011. keppelite

Keppelite I December 2011 36 Empowering Lives

Rewarding outreach

Active contributions to the constituency’s weekly Meet- experiences with Young PAP community and the People’s the-People Sessions. have been meaningful and Action Party (PAP) of enriching. I derive much Singapore, garnered Lu Qimin, Qimin connects people who satisfaction from being Assistant Project Manager need assistance with those able to help others. These at Keppel Singmarine, the who can provide it, and also experiences have helped me Youth Medal at the recent helps to convey appeals become more mature and PAP Annual Party Awards through letters, telephone articulate. Ceremony. calls or face-to-face meetings. He has also helped to raise “The Meet-the-People Presently serving his third political awareness among Sessions have enabled me to term as Chairman of the young Singaporeans by interact with people from all Young PAP Marsiling Branch, managing the party’s new walks of life and has better At the PAP Annual Party Awards Ceremony, Lu Qimin (right), Assistant Project Manager Qimin has been an active media communication equipped me to manage from Keppel Singmarine, receives the Youth member for more than 10 channels. expectations, gather feedback Medal from Mr Khaw Boon Wan, Chairman of the People’s Action Party, Minister years, since he was 18, and and explain complex concepts for National Development and Member of Parliament for Sembawang Group also a regular volunteer at the Qimin shared, “My in layman terms.” keppelite Representative Constituency

Working out for better well-being

More than 2,000 Keppelites the lift, you take the stairs. worked up a hearty sweat Instead of taking soft drinks, at the annual Keppel FELS you can opt for water.” ACTIVE Day campaign on 17 December 2011, which At the event, senior encourages employees management and employees to ‘live well, eat well and participated in a rigorous work stay healthy’. out led by fitness instructors from Team Fitness Guru. Guest-of-Honour, Mr Tong Chong Heong, CEO of Throughout the year, Keppel Keppel Offshore & Marine, FELS’ Human Resource commented that good health Department regularly rolls leads to higher productivity. out programmes to promote better health and wellness Urging all Keppelites to amongst employees. Their make healthy living a priority, initiatives include fruit and Mr Tong said, “There are health bazaars, health and many small habits we can welfare talks, recreational adopt to stay healthy. For activities as well as subsidised Joined by Keppel O&M’s management, Keppelites kicked into high gear with an energetic example, instead of taking health screenings. keppelite workout at Keppel FELS ACTIVE Day

Keppelite I December 2011 empowering Lives 37

Keppelites Abroad

Shanghai school of hard knocks

“You will learn to expect the was getting nowhere, he up a person or situation roads were diverted to make unexpected when working proceeded to scream and quickly, thinking on his way for new buildings, such abroad,” Mr Ben Lee, City shout for the next two feet and maintaining a that even local taxi drivers Head of Keppel Land China’s hours until his voice turned calm composure. These themselves lost their way operations in Shanghai, hoarse. qualities have served him around the city!” shared as he recounted a well as he undertakes his challenging experience he One of the workers abruptly work responsibilities, which Ben and his family which had in the country. barged into the room and include identifying growth includes two children aged demanded that the contractor opportunities and ensuring seven and nine, have since It was a four-hour long, stop his act and pay their that projects are well- adapted and grown to live tense discussion between fees. It was then that it came managed and profitable. like one of the locals. To help a contractor, government to light that the migrant his children assimilate to the officials, the local police workers were “actors” hired Sharing observations about local culture and language, chief and Keppel Land with to support the contractor’s the city, Ben said, “China’s Ben “forced” them to watch numerous migrant workers claims. growth, especially in Shanghai, local Chinese cartoons by present. In the first two hours, has been phenomenal. As a terminating their satellite the contractor pleaded his Experiences such as these developer, we must capture TV subscription. case in tears. Realising he have schooled Ben in sizing the many opportunities that will put us in good stead, Ben explained, “One of the especially since China will biggest challenges I faced continue to grow and prosper was expressing my views given that it plays a critical in Chinese. I remember role as the world’s engine my first meeting with the of growth.” locals where I had so much difficulty finding the right “My very first visit to Shanghai words that I sat through the was in 2001 and by the time meeting without a word and I started working there in jotted down my thoughts in 2005, I could hardly make out English. I do not wish for my the places I visited only four children to have to learn the years ago.” hard way.”

Ben, who is a Singaporean, For Ben, living in China has decided to live in Shanghai broadened his horizon and in 2006 and eventually joined enriched his life experiences. Keppel in July 2007. He shared, “It is a great opportunity to live in a “The next big change was different environment and in 2009 when Shanghai experience a totally different

was preparing for the World culture.” keppelite Expo. The city became a Living in China has broadened and enriched life experiences for Ben and his family large construction site and

Keppelite I December 2011 38 Empowering Lives

Bridge over troubled waters

of congratulatory sms-es which streamed in from friends across the globe.

When asked how she bridges the home front and national service? She quipped, “I am a fast worker and do my housework late into night so that I can train the next day.” She was also quick to add that she has a most encouraging husband who said, “We all have our own and different interests. It is important to pursue our passions or our lives will be very mundane.” And Mr Charles Foo with his ‘golden’ lady – Tan Yoke Lan who received a congratulatory bouquet for her win from Mr Choo Chiau Beng, CEO of although Mr Foo does not Keppel Corporation play the game, Yoke Lan commented that he was very Tan Yoke Lan, a 63-year-old a total mastectomy but sharing her experience and good at making coffee and grandmother of six, made deferred post treatment of encourage more to join tea for her Bridge-playing headlines during the recent chemotherapy so that she the team. To achieve this, friends. SEA Games, not just for could attend the Games she is donating her reward clinching one gold, two silver and not disappoint her team from the Singapore National It goes to show that behind and two bronze medals at mates. Olympic Council to sponsor the tough Keppel men are Bridge but more for her and groom young Bridge their equally passionate courage and grit. She was To keep her stamina up players. “better “ halves who, on top battling breast cancer even as during the tournament which of being pillars of strength she battled for Singapore. sometimes stretched up to “Bridge is my passion. It at home, also cultivate their 10 hours a day, the ‘iron has brought me to places own interests with the same It is an “extraordinary story of woman’ boosted herself with around the world and I have zeal and determination. an ordinary woman, ordinary health supplements and took made many good friends no more”, aptly described by frequent breaks in between who share my love for the Following the interview her appreciative husband Mr rounds. She even chose to game,” Yoke Lan enthused. with Keppelite, Yoke Lan Charles Foo, Director/Advisor walk up to her hotel room Her pursuit of the game was leaving for her first of Keppel Offshore & Marine on the sixth floor daily just over the last three decades chemotherapy session. She Technology Centre. to keep her fitness up. has seen her play and was a vision of calm as win at regional and world she assured, “Don’t worry, Two months before she Despite tremendous personal championships in Philippines, someone up there will take was due to compete at effort and sacrifice, she Hong Kong, Beijing, New care of me.” the SEA Games, Yoke Lan attributed her success to Zealand, Holland, Belgium discovered she had stage teamwork. In fact, Yoke and Portugal. When news Keppelites wish her a speedy two breast cancer. She Lan wants to connect with broke on her clinching gold, recovery and more medals

immediately underwent young people through she was moved by the deluge ahead. keppelite

Keppelite I December 2011 empowering Lives 39

Homeward bound The Keppel-sponsored Singapore boat prepares for the awaited race home from Australia in the coming leg of the Clipper 11-12 Race.

Singapore, one of the ten Exemplifying Keppel’s Can- very exciting, I think my we are very motivated to do yachts in the Clipper 11- Do! spirit, members of favourite part was when we well, to climb back up the 12 Round the World Yacht the Singapore crew had were climbing up the fleet leaderboard, because we Race, is on its way from worked very hard to get their in the middle of the race; know we belong in the top Queensland, Australia, to campaign back on track. I really thought we had a half of the fleet. We’ve done Singapore. good chance of being on the it and we’re all very pleased Reflecting on the race podium for a while. about that.” The team was in a buoyant to Australia, Singapore’s mood, having beaten off skipper, Ben Bowley, said, “Right from the outset we Celina Chan, Senior Engineer stiff competition from its “That was an absolutely decided we were going to from Keppel FELS, as well as Chinese rival, Qingdao, to cracking race for us. There come back with a vengeance; Keppel Ambassador for the secure a top-five finish in the was a lot of competition and we wouldn’t accept anything upcoming leg of the race, is New Zealand-Gold Coast leg, it was anyone’s race right up less than fifth place,” full of nervous energy. She after its two disappointing until the last minute, which explained Ben. “We made said, “Whenever I read the races earlier. is all we’re after, really. It’s it and I was very impressed Clipper Race updates, I get with how the crew mucked really excited about being in and got involved.” part of the competition. Though I do get jitters Sherlyn Chen, a gap- imagining how challenging year student and one of the race might be, I remain the ten round-the-world very motivated to do my crew members on board best in this once in a lifetime

Singapore, shared, “I think experience.” keppelite

Singapore secured a top five finish in the Gold Coast and is now on its way from Queensland Keppel Ambassador Celina Chan will compete in the upcoming leg of this ocean-crossing race to Singapore where she will brave turbulent seas`

Keppelite I December 2011 40 Empowering Lives

Team Keppel

KRC bowlers had a meaningful Saturday, bowling with special athletes Keppel Dragons persevered to maintain their lead at the heats of the 29th Singapore River Regatta

Keppelite Recreation Club which was part of Special Keppel FELS, walked away as trained consistently and with (KRC) organised a series of Olympics’ efforts to raise the highest scorer of the day, additional trainings three recreational and sporting funds to support programmes with 227 points. months prior to the race, the activities in the months of that empower persons with team put up a valiant fight November and December intellectual disabilities to Strong finish to achieve these results. to build team spirit amongst become physically fit and KRC’s dragon boat team Keppelites. productive. participated in the 29th Even though we did not Singapore River Regatta, held make it to the finals for this Bowling for a cause Striking chords over two days at Boat Quay race, I remain proud of the KRC members represented On a separate occasion, 71 from 26 to 27 November team’s efforts, hard work and Keppel Corporation for the bowlers from across the 2011. determination, and believe third time in the Special Keppel Group gathered that we will strive further to Olympics Unified Charity on 3 December 2011 for Keppel Dragons fielded achieve better results.” Bowl held on 26 November KRC’s year-end event, one Men’s Team in the 2011 at Super Bowl Safra at the Fun Bowl. Supporters 200-m Corporate Open Keppelites interested Mount Faber. cheered enthusiastically as Category, clocking a time of to join Keppel Dragons participants in the four-game 73’17 seconds to emerge can contact Darryl at In teaming up with special series conquered the lanes first in the heats. [email protected] needs athletes to compete at the CDANS Club. or Olivia Lim at olivia.lim@

in ten-pin bowling, KRC The team fought keppelfels.com. keppelite members gained a better T h e d a y e n d e d w i t h t h r o u g h r o u g h understanding of intellectual many smiling faces as the water conditions to come in disability and appreciation participants and supporters third place with a timing of for persons with such tucked into a sumptuous 69’34 seconds in the semi- disabilities. buffet after an enjoyable day finals. of bowling and bonding. Keppel Corporation donated Darryl Tai, Captain of Keppel $1,500 towards the event, Daryl Lim, Engineer at Dragons, shared, “Having

Keppelite I December 2011 empowering Lives 41

Doing our share

In 2011, Keppelites continued by donating generously collective contributions Presentation Ceremony to make a difference to the to the Community Chest were recognised at the 2011. lives of the disadvantaged of Singapore. Their Community Chest Awards Keppel FELS was conferred the 5-Year Outstanding SHARE Platinum Award as well as SHARE Platinum Award. Keppel Singmarine too received the SHARE Platinum Award while Keppel Logistics and Keppel Shipyard garnered SHARE Gold Awards.

President Tony Tan presented the awards to the recipients at the Istana on 13 October

2011. keppelite

Keppel receives commendations for its contributions to the less fortunate: (from left) President Tony Tan and Mr Tong Chong Heong, CEO of Keppel Offshore & Marine

Walking our talk

Teams that play together, Over at K-REIT Asia, the work together. team also came together on 6 December 2011 for A huge troop of 200 a day of sea, sun and fun. employees from Keppel The day started with an Land hiked up Fort engaging networking lunch Canning Park together with the K-REIT Asia’s Board on 18 November 2011. of Directors before heading The inaugural mass walk to a kelong. was part of quarterly staff get-together activities The team forged stronger organised by the Staff bonds over games of Welfare Committee and charade. They also had an Human Resources team to educational tour of the encourage staff bonding. kelong, learning about

While getting to know aquaculture in Singapore Keppel Land’s quarterly staff get-together activities, such as the recent mass walk at Fort each other better, staff also and fished to their hearts’ Canning Park, deepens camaraderie amongst employees benefited from the physical content. keppelite workout.

Keppelite I December 2011 42 Nurturing Communities Communities

Keys to a better life

The first set of 20 families received keys to their new homes at the Keppel-GK Eco Village on 25 November 2011

Hearts overflowed with joy Mayor Ryanh M. Dolor, from schools including De La date, the 20 families have as 20 needy families received said, “My dearest Salle -Lipa, Batangas State each poured some 1,000 the keys to their new homes beneficiaries, I appeal to University, civic groups from man-hours at the Eco Village, in the Keppel-GK Eco Village you to please protect and Batangas and Lipa City as while another 15 families on 25 November 2011. maintain the peacefulness well as the Philippine Air have each contributed more and magnificence of this Force. than 500 man-hours. The ceremony, which took community. My warmest place amidst joyous cheers gratitude to the joint forces At the ceremony, ten Mr Stefan Tong, Executive and well-wishes, concluded of Keppel and Gawad Kalinga active volunteers were Vice President of Keppel Phase 1 of the housing project for helping to bring about presented with certificates Philippines Marine, said, jointly undertaken by Keppel, the success of the Eco Village of appreciation. One of “Keppel is pleased with the the charity organisation housing project.” them was Chairman of opportunity to help drive Gawad Kalinga (GK) and host community Barangay such a meaningful project. I the local government of the Keppel Batangas Shipyard Inicbulan, Maricho Ramos. urge all of you to continue in Municipality of Bauan in leads Keppel Group’s He said, “We are very your support for the Keppel- Batangas, Philippines. efforts in the development fortunate to have this GK Eco Village. The second of the estate. Keppel had community building project phase of construction has Resident and Community provided seed funding in our area. We are not just already started. We look Organiser of the Eco Village, for building materials and changing the landscape, forward to its completion Rolilando M. Macalipay, other construction needs. we are changing lives. It is in the first quarter of next shared, “With colourful Its employees have actively truly rewarding to be part year. houses and blossoming volunteered in the building of this transformation and mango trees, the Eco process. The local government witness the joy it brings to “With so many loving hands Village is a cheery living had contributed the land for the beneficiaries.” on deck, I am confident environment. I am so glad to the development. that this 60-unit Eco Village have a home here. This is a Active involvement in building will not only significantly healthy environment for my The Eco Village has also their own homes has also led better the lives of its future children to grow up in.” deepened social ties within the beneficiaries to nurture residents, but also serve as the local community, a strong sense of belonging an inspiration for community

Guest-of-honour, Bauan bringing together volunteers to their new community. To- outreach.” keppelite

Keppelite I December 2011 Nurturing Communities 43

Window to the world

In support of Words on Public Library. It aims to The trip left such a positive this trip hoping to make a Wheels (WoW), a mobile provide Hanoi’s village and memorable impression small difference to the lives library project, 15 Keppelites children with a window to that several volunteers of the Vietnamese children, headed to Chuong My the world by building up a indicated their interest in but they taught me how to District in Hanoi, Vietnam, culture of reading and self- future participation and were appreciate life and find joy in from 9 to 12 December 2011 learning, and to bridge the keen to rally the support of simplicity instead! It has been to volunteer in the project. urban-rural resource divide. more colleagues. a touching journey and well worth all the efforts we have WoW is sponsored by During their visit, the Emmulin Wee, Executive, put in for the trip.” Keppel Land and managed volunteers organised tele- Investor Relations and in partnership with the matches, dances and indoor Research, Keppel Land, Xu Youqing, Engineer, Keppel Singapore International educational activities for the said, “It has been a Energy, added, “To share the Foundation and the Hanoi children, aged six to 13. fulfilling and heart-warming joy and excitement with experience for me. As a the children by being a kid Singaporean growing up again was an entirely new in a different environment, experience which will remain it was humbling to see the as fond memories for many Vietnamese children being so of us.” appreciative over our small gestures. The smiles on the Keppelites also donated children’s faces made all our over 300 pre-loved children’s efforts worthwhile.” books to the Hanoi Public Library, and stationery gift

Echoing these sentiments, sets to a school. keppelite Gooi Linghuey, Project Engineer, Keppel FELS, said, “WoW has been a remarkable experience. I embarked on

Keppel Group organised its first overseas volunteer trip to Hanoi in support of Words on Wheels, Singapore’s first mobile library project in Vietnam

Keppelite I December 2011 44 Nurturing Communities

Touching lives

As a responsible corporate citizen, Keppel supports worthy causes that help the disadvantaged. Across the globe, Keppelites are spreading good will and cheer to those who need it most.

Walking tall Keppelites and beneficiaries from the Association for Persons with Special Needs (APSN), Keppel’s adopted charity, took to the streets Ms Indranee Rajah, MP for Tanjong Pagar/Tiong Bahru GRC (second from left) acknowledges Keppel’s support of the Handicaps Welfare on 26 November 2011, Association Mobility Day 2011 by presenting a token of appreciation to Ms Cindy Lim, GM of Group Human Resources, Keppel Corporation in a walkathon organised (far left) by the Children’s Charities Association (CCA). were given opportunities to On 2 December 2011, some said, “At Keppel, we experience and understand 200 students from the school always look to support the The annual event, which the need to create an were paid a surprise visit communities in which we comprises a 1.5km walk accessible environment for by Santa Claus who bore operate. We are delighted along Orchard Road and a the disabled and elderly. gifts that were prepared to be able to contribute fair, raises funds for more by employees of Keppel to this meaningful cause than 75,000 less fortunate Massage therapy Singmarine Brasil. which gives our staff at children under the care of the Some 60 employees from Keppel Singmarine Brasil an CCA’s six member charities, Keppel Land enjoyed a mobile Mr Tan Chong Kee, GM, opportunity to interact with

including APSN. massage by members from Keppel Singmarine Brasil, the local community.” keppelite the Singapore Association Ridding barriers of the Visually Impaired To raise awareness of the on 7 December 2011. physical barriers that the The massage activity was disabled face in their daily organised as part of Keppel commute, and the importance Land’s quarterly lunch time of improving accessibility activities and is a way in for the wheelchair-bound, which Keppel Land supports K e p p e l C o r p o r a t i o n worthy social causes. contributed $15,000 towards the Handicaps Welfare Gifts of joy Association (HWA) Mobility Over in Brazil, Keppel Day on 3 December 2011 . Singmarine Brasil made a donation to a local municipal The event presented a school, Escola Municipal platform where stakeholders Izilda Reiser Mafra, in support in urban-planning and of the school’s Christmas and Keppel Singmarine Brasil’s employee Mr Nazareno Bett Dal Bo dressed up as Santa Claus and members of the public New Year’s parties. arrived with presents for school children in Navegantes

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Season of giving

True to its tradition and in the disabled son, both mother spirit of the festive season, and son had been sleeping Keppel Volunteers led several on the floor in their one- Warming hearts activities in December 2011 room HDB rental apartment. to enrich the lives of the With the new beds, the Well wishes, dedicated underprivileged. Through less fortunate. family can now look forward to the staff and children its year-end e-greeting to more restful nights. of the Spastic Children’s card, Keppel had invited its Comforting presence Association of Singapore friends to post a message To b r i n g c h e e r a n d Nurturing hope (SCAS), adorn Keppel’s at the site. friendship to needy elderly, Keppel Volunteers’ adopted tree of good tidings online and to improve their living charity, the Association for at www.kepcorp.com/ In addition, the Group conditions, Keppel Volunteers Persons with Special Needs ecard2011_kgroup. donated $20,000 to has been supporting a home (APSN), has been conducting the SCAS to support maintenance programme in baking classes for its The online site is part rehabilitation programmes Telok Blangah district since beneficiaries, empowering of Keppel’s effort to for children diagnosed July this year. them with practical skills to spread the warmth of with cerebral palsy.` earn an income. the holidays to the In addition to its regular efforts to spruce up the Supporting APSN’s efforts homes of the elderly, Keppel to inculcate self-reliance Volunteers organised the in its beneficiaries, Keppel donation of new beds Volunteers organised Bake and mattresses to over Sales for the muffins and 2 0 b e n e f i c i a r i e s o n cookies prepared by the 10 December 2011. beneficiaries over the past few months. Madam Lim Ai Tee was all smiles when she received new At the most recent Bake Sale beds sponsored by Keppel on 7 December 2011, over Offshore & Marine. As the 150 boxes of chocolate chip Keppel invited its friends to convey their well wishes to the Spastic Children’s 68-year-old had not been cookies were sold, raising Association of Singapore via an online portal able to afford mattresses some $2,500 for the charity. for herself and her mentally keppelite

Keppel Volunteers stayed true to tradition, bringing cheer to needy elderly with its regular home maintenance programme

Keppelite I December 2011 46 Nurturing Communities

Hello to a greener 2012 With a new year comes new resolutions. Keppelites across the Group share their green aspirations and actions for the new year to build a more sustainable future.

“I have been using ‘Bobble “I make an effort to sort Bottle’ – a reusable water recyclable materials and use bottle that filters water the recycling bins that are near as you drink – for almost my home. Recycling helps to two years now. I plan to conserve precious resources. continue using it in the future Also, when a material is recycled and will spread the green into a new product, the process word by encouraging my generally consumes less energy friends and family to use it too.” than when such products are Dejana Deljanin made from raw materials.” HR manager, Keppel Seghers UK Yap Chor Hian Manager, Supply Chain Management, Keppel Logistics

“I intend to always have “I will make a more with me a reusable shopping conscientious effort to bag. This will ensure that I reuse, reduce and recycle, can turn away plastic bags and encourage my friends from grocery, departmental and colleagues to do the and convenience stores. same. By doing this, I According to the Singapore hope to reduce our ‘waste Environment Council, more footprint’ which according than 2.5 billion plastic bags to National Environment are thrown away every year in Singapore! By using Agency is an average of 1,280 kilograms of waste per reusable bags, we can make a big difference to the person in Singapore in 2010.” amount of waste our society generates.” Ethan Quek Daphne Ng Executive, Contracts, Keppel FMO, and Committee, HR Assistant, Group Human Resources, Keppel Volunteers Keppel Corporation

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“Eating meat results in a higher carbon footprint than eating non-meat products, so I plan to eat less meat and more vegetables. If the global population shifts to a low-meat diet, farmland would be freed up, and vegetation growing on this land would absorb more carbon dioxide. Millions of tonnes of methane, a potent greenhouse gas produced by cattle, would be prevented every year.” Grace Tan Executive, Corporate Development (Organisational Development), Keppel Integrated Engineering

“Emissions from motor “Recycling plastic bottles vehicles are one of the is my 2012 mission. Plastic largest sources of air bottles are extremely pollution. Thus, we should ubiquitous these days. all try to walk or cycle for Everything and anything, short distances. If I am not from beverages and rushing for time, I intend cooking ingredients to to make cycling my main cosmetics and medicine, mode of transport. This plan allows me to protect are sold in them. While the earth whilst keeping fit! ” they are useful, they are Yau Tuck Wai environmentally unfriendly Engineer, Keppel Shipyard as most plastics are non-biodegradable and much end up taking up space in landfills for a long time.” Loh Kee Huat GM, Prime Steelkit, and President, Keppel Young Leaders

“In 2012, I will step up my recycling efforts, even if I “Energy conservation have to go out of my way helps to reduce the to locate recycling points. consumption of fossil Fortunately, the number fuels, which in turn of recycling stations in helps to minimise global Singapore is set to increase. warming. To do my part, I For example, instead of install energy saving lights the present arrangement at home, and apply the of one bin for every five public housing blocks with same principle at work weekly collection, there will be one recycling bin through the use of energy for every block.” saving bulbs and sensors at Marina at Keppel Bay. For Gerard Lim the new year, I look forward to adopting more green Graduate Engineer, Process Excellence, Keppel FELS technologies at both places.” Trevor Fong GM, Marina at Keppel Bay

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Keppel secures US$809 million contract for new DSS™ 38E rig This brings Keppel Offshore & Marine’s new orders for the year-to-date to $9.8 billion.

Keppel Offshore & Marine Sete Brasil specialises in look forward to developing Technology Group and (Keppel O&M), through chartering drilling rigs for rigs that will further boost Marine Structure Consultants, its subsidiary Fernvale Pte. Brazil’s pre-salt exploration. Brazil’s offshore drilling the DSS™ 38E design is Ltd., has secured a contract resources. in the league of some of worth approximately Mr Joao Carlos Ferraz, the world’s most advanced US$809 million from Urca CEO of Sete Brasil, said, “Having a proven shipyard drilling semisubmersibles. Drilling B.V., a subsidiary “Keppel designed rigs have in Brazil also ensures that we of Sete Brasil Participações an established track record are able to satisfy any local Keppel operates one of S.A. (Sete Brasil), for the of operating efficiently in content requirements. With a the most comprehensive design and construction of their respective fields and suite of proprietary deepwater shipyards, BrasFELS, in a semisubmersible (semi) we are confident that the drilling rig designs and more Brazil. The yard’s current drilling rig based on Keppel’s DSS™ 38E rig will be well than 30 years of experience projects include the repair proprietary DSS™ 38E suited for offshore Brazil. As participating in Brazil’s oil and upgrade of Noble’s two design. we grow our fleet of drilling and gas industry, we aim to Brazil-based drillships as well rigs to meet the demands of provide cost-effective and as the construction of the T h e D S S ™ 3 8 E i s a n our customers, partnering value-added propositions for first Tension Leg Wellhead enhancement of Keppel’s reliable shipyards which can Brazil’s offshore and marine Platform (TLWP), P-61 for proven fifth generation deliver quality rigs on time industry.” the Papa-Terra field in Brazil’s deepwater solution, the and within budget is an Campos Basin for Petrobras

DSS™ 38. With improved imperative for us.” Jointly developed and owned and Chevron. keppelite capability and operability, by Keppel’s Deepwater it is designed to meet the Mr Chow Yew Yuen, Keppel stringent requirements of O&M’s MD and President of the deepwater “Golden the Americas said, “We are Triangle” region, comprising proud that our proprietary Brazil, Africa and the Gulf of DSS™ 38E design has Mexico. been chosen by Sete Brasil as their first semi. It is an Scheduled for delivery in 4Q enhancement of the design 2015, the rig is intended from our first two drilling rigs to support the exploration built for Brazil, Gold Star and of Brazil’s estimated Alpha Star. 50 billion barrels of deep-sea oil and gas reserves. Brazil is “We are pleased to be able currently the world’s 11th to partner Sete Brasil in largest oil producer and is developing drilling solutions expected to be in the top for Brazil’s deepwater oil five by 2020. Its national fields. Having delivered oil company, Petrobras, has several key projects such plans for $224 billion in as the P-52, P-51 and P-56 capital expenditure from that have increased Brazil’s Well suited for offshore Brazil, the DSS™ 38E is an enhancement of the design of Keppel’s first two drilling rigs built for Brazil, Gold Star and Alpha Star, (pictured above) which are 2011 to 2015. production capabilities, we successfully operating in offshore Brazil Printed on recycled paper Printed on recycled

Keppelite I December 2011