MARCH 2006 eppel www.kepcorp.com/ekeppelite
Keppel Group Newsletter Keppelite
First WTE plant in Jiangyin 6
Keppel wins more jackup orders 8
Alpha exceeds fund target 36
Entertainment capital at Caesars Singapore
MITA(P) NO.059/11/2004 Keppelite I March 2006
March 2006 1 3/31/06, 3:32 PM 6 7
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Contents
BUSINESS Keppel shines at Singapore Corporate Awards 4 Focus on human capital 26
GlobalSantaFe orders ultra-deepwater drilling rig 5 Going the extra mile with Singapore Petroleum
First waste-to-energy plant in Jiangyin 6 Excellence award for Keppel FELS 27 Another successful repair for ENSCO Keppel yards pool resources to offer fast track 7 upgrading COVER STORY Entertainment capital at Caesars Singapore 18 Keppel wins more jackup orders 8 to draw tourists
Keppel Land despatches documents on 10 TEAM K-REIT Asia to shareholders Staging class acts 28
More FPSO contracts for Keppel Shipyard 11 A helping hand to the Clippers 29
The next lap for P-52 12 KRC in efforts to promote health 30 Strengthening ties with Qatar 13 Ultimate rigs
The Libeskind signature at Keppel Bay 14 Appreciating long-serving staff 31 Bourbon AHTS delivered Committed to the local community
Indonesia’s best golf course in Ria Bintan 15 Welcoming new Keppelites 32 Four in a row Kepture! for the Arts
Friendship that spans 20 years 16 Keppel O&M holds inaugural corporate orientation 33 Tackling the bird flu Delivering global solutions 17 Keppel FELS Brasil achieves double certification PEOPLE Keppelites Abroad Keeping a promise sound 22 What’s brewing in Belgium? 34
Keppel Land joins Singapore Compact 24 COMMUNITY Keppel Volunteers Thai Chee Ken steps down Equipping volunteers to make the difference 35
Visitors from Norway 25 BACK PAGE China yard gears up for more work Alpha raises $720 million exceeding fund target 36 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 Teo Chang Ching
Editorial Committee Andrea Lee, Ang Lai Lee, Clara Ko, Diana Chan, Fatima Lay, Felicia Lee, Grace Chia, Hong Tin Wei, Ivana Chua, Karin Lam, Kelvin Ng, Lee Yin Chiin, Low Hooi Hoon, Lynette Goh, Mohd Nor Nordin, Nicole Tan, Phang Weng Onn, Romell Song, Sarah Seah, Serena Toh, Teri Liew, Woon Pek Yong, Wong Mei Lin, Yang Sook Chin
Keppelite I March 2006 CO REG NO: 196800351N
March 2006 2 3/31/06, 3:32 PM Editorial
Orchestrating excellence
Music prodigy Lidia Baich’s outstanding Setting the stage for the pursuit of excellence, performance at the Keppel-sponsored Singapore through our vast platter of Group-led initiatives, is Symphony Orchestra concert this month, was a not the entire deal. marvel for many. Commitment and creative energies flow in both Trained by her concertmaster grandfather at the directions between management and staff, age of four, and now protégé to world-renowned creating a hive of ideas that yields synergistic Maestro Lorin Maazel, Lidia’s music career and benefits for the entire organisation. prospects have been closely guided by master mentors, and look set to scale greater heights. That is the true artistry of Keppel’s approach towards cultivating talent – senior management For me, it was indeed a glittering display of talent, proactively provides effective platforms for but more than that – I was inspired by the talent individual self-discovery. As our people explore, cultivation. discover and realise their true potentials, they come to embrace the key values of progress, dedication At Keppel, we too believe in mentorship, and passion espoused by the Company. harnessing talent and breeding leaders in their fields of expertise. This is our way in Keppel – we help our people bring out their very best. With a global footprint spanning 30 countries now, we need to be able to deploy good people and With tireless drive, creativity and pursuit towards tap their diverse strengths, skills and expertise to lifelong learning, every Keppelite contributes in his sharpen Keppel’s competitive edge in markets or her own capacity to powering up our engine. where we operate. Indeed, our people, from senior management to Talent management and succession planning employees on the ground, are the very lifeblood ensure we groom and retain the best individuals of our business. to step up to greater roles and responsibilities, and fulfill key leadership positions and functions. Our best talents grow to become good leaders; and great leadership will steer Keppel towards As such, we are tenacious in our efforts to achieving our business objectives – that of driving strengthen the quality of our human resource base growth, increasing value – as we pursue excellence across the Group. in all our conduct.
Being a conglomerate fortunately means that opportunities for talent nurturance and exposure are aplenty in the Group, through job rotations, internships and overseas postings. Our businesses provide many platforms for excellence but it truly has to begin with the very individual.
Keppelite I March 2006
March 2006 3 3/31/06, 3:33 PM 4 Business
Keppel shines at Singapore Corporate Awards
At the inaugural Singapore Having been named the Best Corporate Awards (SCA) Annual Report 15 times in presentation ceremony the last 30 years of the held at the Raffles City former Annual Report Award Convention Centre on competition, and bagged the 7 March 2006, Keppel Land Grand Award eight times, an and Keppel Corporation award which is presented to emerged the Gold winner of the company whose annual the Best Annual Report report wins the best award Award (ARA), and the Silver for three consecutive years, winner of the Best Investor Keppel Land continues to Relations Award (IRA) place great emphasis respectively, in the category on upholding corporate of listed firms with a market integrity and accountability capitalisation of $500 million to stakeholders. or more. “For us, it is not just
The ARA recognises about winning awards and Keppel Land bags Best Annual Report Award at the inaugural Singapore Corporate Awards companies which have accolades. Keppel Land has demonstrated excellence always placed emphasis on in financial reporting corporate disclosure and “It is also a stewardship through round after arduous presentation and a wider transparency. report, and a document of rounds of checking, vetting scope of disclosures beyond record of our company’s and rewriting, to piece the minimum level of “The annual report is an achievements and activities,” together a winning annual regulatory requirements; important communication said Mr Choo Chin Teck, report. while the IRA honours tool we use to share strategic Keppel Land’s Director of companies who have thrusts and plans for further Corporate Services, who The SCA honours the showed quality disclosure, growth with investors, received the award on behalf commitment of listed corporate transparency and customers, employees and of the Company from Mr J Y companies and individuals to fairness in disclosure. other stakeholders. Pillay, Chairman of the the highest levels of Singapore Exchange. corporate governance and disclosure standards, and is There is of course, a lot of organised by The Business hard work done behind the Times in collaboration with scenes. UBS and supported by the Singapore Exchange. Bringing it together are the investor relations and group Apart from ARA and IRA, corporate communications the organisers also confer teams who package the the Best Managed Board information to ensure Awards, as well as the Chief consistency of message, tone Financial Officer of the Year It’s teamwork for Keppel Land’s award-winning annual report and positioning, going Award. keppelite
Keppelite I March 2006
March 2006 4 3/31/06, 3:33 PM Business 5
GlobalSantaFe orders ultra-deepwater drilling rig
Keppel FELS has secured a extremely well in the North contract with GlobalSantaFe Sea, Eastern Canada and Corporation (GSF) to build an South America. ultra-deepwater drilling rig for US$270 million. “I am happy that we are now working on our first Under the contract semi newbuild project agreement, GSF will supply together, and I am confident the drilling and sub-sea that the highly efficient equipment while Keppel DSS-51 rig will meet GSF’s FELS provides the design, charter commitment on engineering and time and within budget.” construction of the hull as well as the accommodation Commenting on the demand quarters for 180 men and for deepwater mobile drilling marine equipment. rigs, Mr Choo said, “The fundamentals for deepwater The rig, to be named the GSF exploration and production Development Driller III, is are strong with consensus scheduled for delivery in the amongst operators, drillers first quarter of 2009. and service providers that the market for exploration and GSF has chosen to build the production of hydrocarbons state-of-the-art will be sustained over the Keppel FELS will build for GlobalSantaFe an ultra-deepwater semisubmersible rig designed by semisubmersible (semi) to next few years.” Keppel’s Deepwater Technology Group (DTG) and the Marine Structure Consultants (MSC). the proprietary design, DSS- This DSS-51 is an enhancement of the successful DSS-20 rig, Maersk Explorer (above), built by Keppel FELS 51, jointly designed and According to ODS- developed by Keppel’s Petrodata’s 12-monthly Deepwater Technology rolling forecast between working again with Keppel The DSS-51 rig is Group (DTG) and Marine February 2006 and January FELS on our newbuild semi. maintenance-friendly with Structure Consultants (MSC). 2007, the demand for Keppel FELS has a track excellent safety features well semisubmersibles is expected record of well designed and suited for both exploration Mr Choo Chiau Beng, to rise from 141 to 167 units built rigs that have been and development drilling as Chairman and CEO of while the marketed supply delivered on schedule. well as workover operations. Keppel Offshore & Marine, remains inelastic from 152 to With a dynamically the parent company of 153. Even as utilisation levels “In the last few years, GSF positioned system (DPS 2), it Keppel FELS, said, “GSF and approach full capacity, global has sent a number of rigs can drill wells down to Keppel share a longstanding demand for the mobile to Keppel for repair and 10,000 m (30,000 ft) and relationship which dates offshore drilling units shows upgrading. They have been operate in water depths of back to 1987. To date, no sign of slowing down. very responsive and up to 3,048 m (10,000 ft) in Keppel FELS and GSF have professional. I am certain that environments such as co-operated and completed Said Mr Jon A. Marshall, the new semi will be a great offshore Brazil, the Gulf of six new generation jackups President & CEO of GSF, “We addition to our fleet.” Mexico, West Africa and
that are still performing are looking forward to South East Asia. keppelite
Keppelite I March 2006
March 2006 5 3/31/06, 3:33 PM 6 Business
First waste-to-energy plant in Jiangyin
As the demand for waste-to- energy incineration services grows in China due to the burgeoning population and heightened awareness of the need to protect the environment for sustained economic growth, Keppel Seghers is well positioned to provide its expertise in EPC services, technology package, equipment supply and other related waste-to- energy services to major Keppel Seghers will provide technologies and services for the first waste-to-energy plant to be built in the city of Jiangyin, Jiangsu province, cities in the country. China Currently, Keppel Seghers is Keppel Seghers, the design and technical “It is a vote of confidence also undertaking waste-to- environmental technology services for the furnace, from our valued customer energy projects in Changshu, division of Keppel Integrated boiler and flue gas cleaning that we deliver cost-effective Shenzhen and Guangzhou. Engineering (KIE), has components of the plant. and robust environmental secured a S$13 million solutions to meet the needs Globally, Keppel Seghers has contract to provide These state-of-the-art of our partners and an established track record of technologies and services for equipment and technologies customers.” involvement in thermal and the first waste-to-energy will enable the plant to enjoy waste-to-energy projects in plant to be built in the city longer continuous operation, Keppel Seghers and China Europe, USA and the Asia of Jiangyin, Jiangsu province, high waste throughput, and Everbright first collaborated Pacific for more than China. high steam production for in 2004 when Keppel 40 years. Locally, Keppel power generation. Seghers provided basic and Seghers recently signed a When completed in end detailed engineering for the 25-year Design-Build-Own- 2007, the waste-to-energy Mr Chua Chee Wui, Acting Suzhou SuNeng Waste Operate contract with plant will be able to treat Chief Executive Officer of Incineration Power Plant. the National Environment 800 tonnes of municipal KIE, says “This repeat order Agency (NEA) for Singapore’s waste a day. from China Everbright Keppel Seghers is currently first incineration plant to be affirms the strength and the market leader for built under the Public-Private Keppel Seghers will provide reliability of Keppel Seghers’ imported waste-to-energy Partnership (PPP) initiative.
its proprietary equipment proprietary technologies. solutions in China, with 60% keppelite of the market.
Keppelite I March 2006
March 2006 6 3/31/06, 3:33 PM Business 7
Keppel yards pool resources to offer fast track upgrading
Keppel FELS has secured a leverage resources from sister and maintenance works on of our yards, we make the US$177 million contract yards to carry out the job the semi. The rig is expected best use of our available for the upgrading of a simultaneously. In doing so, to arrive at Keppel Verolme resources to provide semisubmersible (semi) we are able to satisfy our by end March 2006. maximum value to our drilling rig Blackford Dolphin customers’ needs in a faster customers.” for Blackford Dolphin Pte Ltd, and more cost-efficient Commenting on the strategy, a wholly-owned subsidiary of manner.” Mr Tong said, “By integrating Said Mr Helge Haakonsen, Fred Olsen Energy ASA. the expertise and experience Chief Executive Officer of Both Keppel Shipyard and Fred Olsen Energy ASA, “By Blackford Dolphin, the Keppel Verolme will be choosing a yard with a former Ocean Liberator built responsible for the proven track record for in 1974, will undergo fast- fabrication of the lower and delivering major drilling rig track refurbishment and have upper hull structures and conversions on time and her life span extended for modules. Keppel Verolme within budget, Fred Olsen 20 years. When completed, will also undertake the Energy aims to ensure the upgraded drilling unit overall integration of the availability of the upgraded will have drilling depth structure and modules as rig to the market during third
capabilities increased from well as carry out the repairs quarter 2007.” keppelite 600ft to 7,000ft water depth, enabling her to operate in deepwater environments worldwide.
To meet the quick turnaround delivery by end June 2007, the project will be undertaken jointly by Keppel FELS and Keppel Shipyard in Singapore and Keppel Verolme in the Netherlands.
Said Mr Tong Chong Heong, Managing Director/Chief Operating Officer of Keppel Offshore & Marine (Keppel O&M), “This is a fast-track upgrading project and Keppel FELS is glad to partner Fred Olsen in offering innovative field development solutions.
“To meet the tight delivery Blackford Dolphin is of the same design, Aker H-3, as Stena Clyde (shown) which was recently refurbished by Keppel FELS. Together with schedule, Keppel FELS will Keppel Shipyard and Keppel Verolme, Keppel FELS will undertake the fast-track upgrading of the semisubmersible drilling rig.
Keppelite I March 2006
March 2006 7 3/31/06, 3:34 PM 8 Business
Keppel wins more jackup orders Jackup rigs designed and built by Keppel are the epitome of skill and reliability. Keppelite brings you four recent new orders.
US$110 MILLION JACKUP addition to Atwood’s fleet of FOR ATWOOD rigs.” Keppel AmFELS Inc. announced on 3 March 2006 This new rig will be built to that its contract with a the LeTourneau Super 116E wholly-owned subsidiary of design, with leg lengths of Atwood Oceanics Inc. 477 feet (and can be (Atwood) for the upgraded to 511 feet), and construction of a new jackup capable of drilling wells up rig has become effective. to 30,000 feet deep in water depths of 350 feet. This contract follows the Letter of Intent signed Mr John Irwin, President of between the two companies Atwood Oceanics, said announced on 7 February “Atwood and its affiliates are 2006. pleased to have the opportunity to work with The rig, excluding Owner Keppel AmFELS on this jackup Furnished Equipment, is project. Keppel AmFELS has valued at US$110 million and a long established reputation is due for delivery in the third as a strong shipyard with quarter of 2008. extensive experience in the construction of ultra- Said Mr Ho Cheok Yuen, premium jackup drilling President and CEO of Keppel units.” AmFELS, “We are glad that Atwood recognises our US$171 MILLION RIG ability to deliver solutions on ORDER FROM INDIA time and on budget. I am Keppel FELS has secured a The KFELS B Class jackup rig design is the market standard for premium drilling rigs certain that when delivered, contract from an India-based this new rig will be a great drilling contractor, Discovery Hydrocarbons Pvt Ltd, a such as Indian Ocean, Gulf Jindal Group Company, to of Mexico, West Africa and build a KFELS B Class jackup South East Asia. It can also valued at US$171 million. be readily upgraded to 400 feet water-depth. This includes the design, engineering and Due for delivery in fourth construction of the rig as well quarter 2008, the new rig as costs in getting the has a drilling depth capability rig operationally ready. of 30,000 feet and Designed for water depths of accommodation for 112 A firm handshake between Mr C. Y. Ho, President/CEO of Keppel AmFELS (left) and Mr Alan up to 350 feet, the rig can persons. Quintero, General Manager (Engineering) of Atwood Oceanics, signifying partnership in the construction of the new jackup rig for Atwood be deployed in environments
Keppelite I March 2006
March 2006 8 3/31/06, 3:34 PM Business 9
Said Mr Sam Malhotra, Discovery Hydrocarbons as FOURTH RIG ORDER ASA’s position as a serious Director of Discovery it grows their fleet of rigs FROM SEADRILL and committed owner and Hydrocarbons Pvt Ltd, “We to provide solutions for Keppel FELS has secured a operator of modern high end are glad to work with Keppel the offshore market US$132 million contract drilling equipment”. FELS for our first newbuild internationally.” from a wholly-owned special jackup. Keppel FELS has a purpose company of SeaDrill SeaDrill is also affiliated to commendable track record in THIRD JACKUP FOR Limited (SeaDrill) for a KFELS Cyprus-registered Seatankers design, construction and AWILCO B class jackup rig. Management Co. Ltd timely delivery of jackups. Keppel FELS has secured a (Seatankers), which had Their KFELS B Class, a tried repeat order for a third KFELS Delivery of this new order is earlier placed one jackup and proven design in many B Class jackup rig from expected in the second order with Keppel FELS. offshore environments, has Awilco Offshore (Awilco) at quarter of 2008. Ownership of this rig has been verified to meet our US$146 million, via the been assigned to SeaDrill. drilling needs. exercise of an option This order was secured via an agreement. option given to Odfjell With these developments “We look forward to Partners Ltd. (Odfjell) when and including the latest developing and strengthening The first and second rigs it ordered its first rig in March contract, Keppel FELS will to our partnership with Keppel were announced in February 2004. Odfjell placed an order date be building four jackup FELS as we serve the Indian and August 2005 for its second rig in March units for SeaDrill. and international offshore respectively. 2005. In mid 2005, SeaDrill market.” acquired Odfjell Invest Ltd. Mr Choo Chiau Beng, Customised to Awilco’s and was given the right to Chairman/CEO of Keppel Mr Tong Chong Heong, requirements, the new rig, exercise Odfjell’s option with O&M, said, “We are glad to MD/COO of Keppel Offshore WilStrike, will be capable of Keppel FELS. participate in SeaDrill’s vision & Marine (Keppel O&M), drilling down to 30,000 feet of building a fleet of said, “The Indian Ocean in water depths of up to 400 Mr John Fredriksen, premium drilling rigs. We are which has significant oil and feet. Delivery for this new rig Chairman of SeaDrill, said in committed to deliver on time gas reserves is one of the is expected in second quarter a comment, “We are and on budget the four world’s most sought-after 2009. delighted to have signed KFELS B class jackup rigs areas. With this new another new building which have a proven track contract, Keppel O&M is Work on the first two rigs, contract with Keppel FELS. A record of highly successful poised to entrench its WilCraft and WilBoss, is competitive price, a good operation in different parts of footprint in the offshore progressing well. Deliveries delivery position and a very the world.” Indian market as well.” are expected in fourth capable yard, makes this into quarter 2006 and early 2008 a solid financial deal. The Like the three jackups, this “We are glad to partner respectively. ordering of the unit further new rig will be of the KFELS strengthens SeaDrill/Smedvig B Class design. It is capable of operating in water depths of up to 400 feet, drilling depth of 30,000 feet and accommodating 112 men.
Work on SeaDrill’s first three rigs is progressing well at Keppel FELS yard. The first rig, SeaDrill 3, is scheduled for delivery in May this year. Upon delivery, she will be chartered to Total Fina Elf in Nigeria at a rate of US$166,000 per day
With these new orders, Keppel FELS is abuzz with activities for two years. keppelite
Keppelite I March 2006
March 2006 9 3/31/06, 3:35 PM 10 Business
Keppel Land despatches documents on K-REIT Asia to shareholders
Keppel Land Limited has on permit higher payouts from 20 March 2006 despatched the initial portfolio of the Introductory Document properties, give tax for the listing of K-REIT Asia transparency for Qualifying on the Main Board of Unitholders, transfer the Singapore Exchange benefit of about Securities Trading (“SGX- S$53.2 million in Section 44A ST”), as well as a circular to tax credits to shareholders Keppel Land shareholders in and provide shareholders respect of the distribution in with more choice and specie of units in K-REIT Asia. improved liquidity.
The listing of K-REIT Asia K-REIT Asia will have an initial and distribution in specie portfolio of four high quality together represent an office buildings from Keppel Bugis Junction Towers is one of four prime office buildings in K-REIT Asia’s portfolio important milestone which Land’s stable of commercial will both unlock value for developments: Subject to shareholders’ said, “K-REIT Asia’s initial Keppel Land shareholders approval at the upcoming portfolio of high quality and assist the Company in – Prudential Tower*; EGM on 11 April 2006, each properties will generate enhancing its position as a – Keppel Towers; Keppel Land shareholder will stable income and forms a premier multi-national real – GE Tower; and receive 200 K-REIT Asia Units strong foundation from estate corporation in Asia by – Bugis Junction Towers for every 1,000 Keppel Land which K-REIT Asia will grow. way of leveraging its sterling shares held as at 5.00 p.m. K-REIT Asia will be able to portfolio of properties, * about 44% of the total strata on 18 April 2006. No cash tap on Keppel Land’s strong network and quality area of Prudential Tower consideration is payable for expertise, market knowledge brand. these Units as this is a of managing commercial Valued at S$630.7 million, distribution in specie in lieu properties and industry For Keppel Land, the K-REIT Asia’s initial portfolio of a cash dividend. In so network for prospective distribution in specie has strong potential to doing, Keppel Land will yield-accretive acquisitions.” establishes K-REIT Asia which capitalise on rising office distribute up to 144,400,000 will facilitate the re- occupancy levels and rental Units (or approximately 60%) Should shareholders approve deployment of capital in rates in Singapore. of the 240,508,000 Units the distribution in specie, it investment properties to issued in part consideration is envisaged that trading of property development Quality tenants including for the sale and purchase of K-REIT Asia Units will projects to generate higher International Enterprise the properties. Keppel Land commence on 28 April 2006. returns; create an enlarged Singapore, Prudential Group will retain Further details on the platform to generate fee- Assurance, InterContinental approximately 40% of the introduction of K-REIT Asia to based income and return Hotels Group, GE Pacific, issued Units. the Main Board of SGX-ST significant sums of equity Novartis, The McGraw-Hill and on the distribution in back to its shareholders. Companies, KBC Bank and Professor Tsui Kai Chong, the specie are set out in California Fitness provide a Chairman of K-REIT Asia and Keppel Land’s circular and For Keppel Land good, diverse tenant base, a Director of Keppel Land introductory document shareholders, the formation which will support K-REIT and the Professor of Finance dated 20 March 2006 posted
and listing of K-REIT Asia will Asia’s earnings. and Provost of SIM University, on SGXNET. keppelite
Keppelite I March 2006
March 2006 10 3/31/06, 3:35 PM Business 11
More FPSO contracts for Keppel Shipyard
Keppel Shipyard has been Prosafe, “We have entrusted awarded two contracts Keppel Shipyard with the valued at approximately conversion of a number of S$130 million for the sophisticated FPSO projects conversion of two new due to their strong track Floating Production Storage record. We have confidence and Offloading (FPSO) in their reliable and quality facilities for Prosafe service.” Production (Prosafe). The first award is for the A leading owner and conversion of the 25-year old operator of FPSO and FSO tanker, M.T. Apollo, into facilities, Prosafe has in the an FPSO capable of handling last nine years entrusted a daily oil production of Keppel Shipyard exclusively 90,000 barrels of oil per day to carry out the conversion (bopd), daily fluid capacity of all their FPSO and FSO up to 150,000 barrel of fluid Keppel Shipyard has completed six FPSO/FSO conversions, including ABO FPSO, for Prosafe systems. per day (bfpd) and having since 1997 a storage capacity of Keppel Shipyard has 1.78 million barrels of oil. daily fluid capacity up to conversions, having completed six FPSO/FSO 120,000 bfpd and having a completed 56 FPSO/ FSO conversions for Prosafe since The work scope for the storage capacity of 770,000 conversions and upgrading 1997. 257,865 dwt tanker will barrels of oil. projects since 1981. It is also include the fabrication and the leading yard in shiprepair With these two FPSO installation of the internal Work on the vessel will and other vessel conversions. conversions projects, the turret, flare tower and include the fabrication and number of such projects helideck; integration of installation of the internal An innovative supplier of carried out by Keppel production skids, boilers and turret, flare tower and products and services in Shipyard for Prosafe will add turbo alternators and helideck; integration of niche areas in the global up to eight. renewal of bottom plates, as production skids, boilers and offshore oil and gas industry, well as internal tank blasting turbo alternators; renewal of Prosafe is a leading owner Said Mr Nelson Yeo, and painting. bottom plates, and internal and operator of FPSO/FSO Executive Director of Keppel tank blasting and painting. vessels outside the North Shipyard, “We are delighted Upon delivery in end 2006, Sea, specialising in the with the trust and confidence the facility will be deployed Due for completion in first supply, lease and operation that Prosafe has in Keppel in Polvo Field off Brazil for quarter 2007, the FPSO of cost-effective vessels for Shipyard. We will continue to Devon Energy. facility will be deployed at the projects where the company focus on fast track Tui Field located in the can differentiate itself conversions to further The second award is for the Taranaki Basin, offshore New through its innovative strengthen our market conversion of a Suezmax Zealand for New Zealand proprietary system designs, position.” tanker, a 25-year old tanker, Overseas Petroleum Ltd. e.g. mooring systems and M.T. Ionikos, into an FPSO fluid swivels, and long
Added Mr Hugh Parry, capable of handling a daily Keppel Shipyard is the world proven track record. keppelite Managing Director of production of 50,000 bopd, leader in FPSO/ FSO
Keppelite I March 2006
March 2006 11 3/31/06, 3:35 PM 12 Business
The next lap for P-52
Having successfully Keppel-led consortium and completed the Singapore Petrobras, P-52 is well on its lap, the lower hull of P-52 way to completion. has left Keppel FELS for Keppel FELS Brasil in Angra, When deployed in the Brazil, where it will begin its deepwater Roncador field in next lap. the Campos basin in 2007, the FPU will be able to Dry-towed, P-52 left on produce 180,000 barrels of 22 February 2006 and will oil a day. take about a month of arduous seafaring before it Yeong Wai Seng, Senior arrives in Brazil. Upon arrival, Project Manager of Keppel
the lower hull will undergo FELS, who took the project Shouldering great responsibility, P-52 rests on Blue Marlim’s ‘shoulder’ sailing to the next lap. topside integration to form through the Singapore leg Farewell Singapore, Ahoy Brazil! one of the world’s largest shared, “We are glad and floating production units relieved. Glad that it is a job (FPU). well done on our part, An exceptional job achieving great engineering Standing tall at 34 storeys feats like the mating of the Dear Michael, and with a main deck the size two sections of the lower of 10 Olympic swimming hull. And we are relieved, On behalf of Petrobras, I would like to say that we are very pools, the P-52 FPU is being knowing that we are passing pleased with the exceptional job done by Keppel FELS. We constructed using cutting- the baton to our colleagues have built up a very strong partnership and that has certainly edge construction and in Keppel FELS Brasil who are helped us to achieve what I call SUCCESS. engineering techniques. able to ensure that Keppel’s Through two years of sheer stamp of quality will be I would like to express my gratitude to those who have been hard work and solid evident anywhere in the working closely with the Petrobras team.
partnership between the world.” keppelite Iqbal Rahuman and his engineering team. Yew Ming Yeong, S Y Tan and their production team, Leow and his commissioning team, Nonis, Marcus and QA team, W B Lim, Tan Ven Fu, Richard Tay, Chor How Jat, B H Woo, Wai Seng and many others.
Unfortunately, I can’t name all of them as the list would be very long. My sincere apologies for that.
Last but not least, a very special thank you to Mr CB Choo and Mr CH Tong.
Once again, thank you very much to all of you. I’m looking forward to work with Keppel FELS again.
Best Regards, Flávio Siqueira Júnior P-52 Lower Hull Construction Manager The lower hull of P-52 is tugged out to anchorage to await the arrival of Blue Marlim – a dry-tow vessel – where it will then be loaded onboard before sailing to Brazil
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March 2006 12 3/31/06, 3:35 PM Business 13
Strengthening ties with Qatar The Middle East is becoming an increasingly important market for Keppel. Keppelite reports on two recent deals with Qatar.
DRYDOCKING QATARGAS “There is a growing demand LNG CARRIERS for natural gas worldwide, Keppel Shipyard has entered particularly in Asia and the into an Alliance Service US. Keppel Shipyard is well- Agreement for the positioned to support the drydocking of a fleet of Moss growing LNG carriers market Rosenburg (MOSS) type of which is expected to treble Liquefied Natural Gas (LNG) by 2020,” said Mr Nelson carriers chartered by Qatar Yeo, Executive Director, Liquefied Gas Company Ltd Keppel Shipyard. (Qatargas). NEW YARD WITH QATAR The five-year agreement was GAS TRANSPORT signed with MO LNG Keppel O&M has signed a Transport Co., Ltd (MOL), letter of intent with Qatar Nippon Yusen Kaisha Ltd Gas Transport Company Ltd. (NYK) and Kawasaki Kisen (“QGTC”/“NAKILAT”) to Kaisha Ltd (K-Line). jointly develop and manage With its specialised facilities and expertise in the repair of LNG carriers, Keppel Shipyard is a major new facility in the well positioned to support the growing market for natural gas The vessels under the fleet Port of Ras Laffan, Qatar, for agreement are Al Zubarah, Al the construction, repair and & Offloading and Floating Mr Tong Chong Heong, Khor, Al Rayyan, Al Wajbah, maintenance of ships and Storage & Offloading Managing Director and Chief Broog, Zekreet, Al Wakrah, other marine structures. systems, and the Operating Officer of Keppel Doha, Al Bidda, and Al Jasra. construction of specialised O&M, said, “For some time, Keppel Shipyard has been Conclusion of the joint small ships, such as offshore we have been servicing LNG servicing this fleet of LNG venture agreement is subject supply vessels.” carriers for Qatar. We are carriers from Qatargas since to approval by the Boards of pleased to deepen our 1999. Directors of NAKILAT and The yard will also be suitable, relationship and partner with Keppel O&M. with some additional NAKILAT in this significant The scope of work involves investment, for the new venture, which is in line drydocking for survey, Mr Faisal Al-Suwaidi, Vice fabrication of structures for with our “near market, near maintenance and repair. Chairman of NAKILAT, said, the offshore oil and gas customer” strategy.” “The new facility will be industry (such as jackup The first two vessels designed and constructed drilling rigs, process modules Planning of the new yard is scheduled to call at Keppel in accordance with best and decks, jackets, wellhead already well advanced, and Shipyard under this international practice, and decks, flare booms, etc.), completion of the first phase agreement are Al Wakrah suitable for the repair and and the fabrication of of development is scheduled (72,453 dwt) and Zekreet maintenance of very large components for land-based for fourth quarter of 2009.
(72,316dwt) in early May this LNG carriers and a wide petrochemical and industrial keppelite year. It is the third dry- range of other vessels; the plant. Additionally, the docking in Keppel Shipyard conversion of tankers to facility will provide life-cycle for both vessels. Floating Production Storage support in all the markets it serves.
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The Libeskind signature at Keppel Bay
Keppel Bay will bear the “The design will extend what The much anticipated launch development is expected in signature of a world class is already there and take it to of the first 200 units of this the fourth quarter of 2006.
architect, celebrated for its the next level,” said new iconic waterfront keppelite iconic developments when Mr Libeskind who draws his the Libeskind-designed inspiration from the ‘genus residential development is loci’ or spirit of place. launched later this year. “It is not an anonymous In the words of architect building that you can see Daniel Libeskind, “there will anywhere else in the world, be no where else like it in the but will be clearly inspired by world.” very Singaporean elements, and the site which has to do This new phase in Singapore’s with reflections and the view only true waterfront precinct to nature,” promised will rise on a 84,000 sqm Mr Libeskind. parcel which encompasses the existing Keppel Marina The Libeskind development is site, with full frontage to the set to be the icon to define sea augmented by an the whole waterfront extensive shoreline of 750 m. precinct which includes Harbourfront, Caribbean at About 1,000 units of Keppel Bay, Sentosa and its premium luxury homes upcoming integrated resort will have vantage points and Vivo City, touted
like no other residential as Singapore’s largest World celebrated architect Daniel Libeskind shares with the Senior Minister Goh Chok Tong development in Singapore. entertainment and retail hub. the waterfront lifestyle he envisions at Keppel Bay Bourbon AHTS delivered
Bourbon Artemis, an Anchor Aymone de Chateauvieux, Aladin, Bourbon Apsara, and service duties and DP Class Handling Tug/Supply (AHTS) wife of Mr Henri de Bourbon Alexandre which II. vessel with 120 tonnes of Chateauviex, a Director of were also delivered by bollard pull, is the fourth Bourbon, graced the Keppel Singmarine, this All the three subsequent of seven vessels Keppel christening ceremony on medium-size vessel is vessels for Bourbon are Singmarine has delivered to 22 February 2006 held at designed and fitted with a expected to be delivered this
the proud owner, BOURBON Keppel’s Benoi yard. Class I dynamic positioning year. keppelite Offshore Surf (Bourbon). (DP) system, firefighting A sister vessel to three earlier system, with capabilities to Godmother Mrs Anne- AHTS vessels, Bourbon be upgraded for standby/
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March 2006 14 3/31/06, 3:36 PM Business 15
Indonesia’s best golf course in Ria Bintan
Readers of the golfing survey and reward “the on the course maintenance results and practices. This is publication, Asian Golf best of the best in the and service standards to an on-going process by us to Monthly, have voted industry”. ensure that all golfers present a well-maintained Ria Bintan’s Ocean Course as continue to enjoy playing at course to golfers coming to the Best Course in Indonesia Mr Jeffrey Low, General Ria Bintan. Ria Bintan in the years to
for the third consecutive year. Manager of Ria Bintan Golf come.” keppelite Club said, “All our staff are “We have been upgrading Into its sixth year, the proud of the award and are our turf machinery to Awards are based on readers inspired to improve further produce better maintenance Four in a row
It was another feather on the Hanoi Trade Union, the cap for Sedona Suites Royal award recognises the social Park, Hanoi. and economic contribution made by Sedona Suites Royal Royal Park is the proud Park to the city of Hanoi, recipient of the Vietnam through ‘Excellence in the Quality Award and Golden Hospitality and Tourism Dragon Award in 2005 and Industry in Vietnam’. is voted for the fourth consecutive time as the ‘Best In thanking the Vietnamese Luxury Serviced Apartment’ government for the honour, in Hanoi. Quang Ba Royal Mr Linson Lim, General Park JV Co. Ltd, the Director of the JV and developer of Sedona Suites Assistant General Manager,
Royal Park, was also Regional Investments Home away from home for many people from different parts of the world, Sedona Suites conferred the Third Category (Vietnam), Keppel Land, Hanoi has bagged several awards and accolades attesting to its high standard of product and service quality Labour Medal by H.E. Tran shared the success story of Duc Luong, President of the the joint venture at the Socialist Republic of Vietnam. awards ceremony held on expectations of a discerning business as well as leisure 23 March 2006. expatriate community. travelers.” Conferred by the reputable Vietnam Economic Times He said, “Both the foreign “That is the formula of In its continued commitment Magazine in cooperation and local partners in the JV success that has made to the local community, with the Vietnam National share the same vision of Sedona Suites Royal Park the the JV made a donation of Administration of Tourism, creating a quality preferred address of those VND 100 million to a and presented by Mr Nguyen development that would from the diplomatic corps, charity organisation that Tien Dinh, Chairman of satisfy the needs and multinational companies and benefits the poor and
underprivileged. keppelite
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March 2006 15 3/31/06, 3:36 PM 16 Business
Friendship that spans 20 years
Keppel Shipyard and Niederelbe Schiffahrtsgesellschaft mbH & Co. KG (NSB), with bonds of friendship spanning 20 years, gathered to celebrate the docking and repair of NSB’s 150th vessel, CMA CGM Voltaire, at Keppel Shipyard on 23 February 2006.
Keppel Shipyard’s close and long-standing relationship with Mr Helmut Ponath, President & CEO of NSB, started in 1984 when Mr Ponath first worked with Celebrating friendship – (from left): Mr Choo Chiau Beng, Chairman and CEO of Keppel O&M; Dr. Fritz Muller, Owner of “CONTI REEDEREI”; Mr Tong Chong Heong, MD and COO of Keppel O&M and MD of Keppel Shipyard; Mr Bozidar Petrovic, Vice President, NSB; Mr Helmut Mr Nelson Yeo for the Ponath, President & CEO of NSB; Mr Herbert Prinzen, Owner of GEBAB Holdings; Dr. Hans Vieregge, Board Member of Norddeutsche Landes drydocking of a vessel from Bank; Mr Nelson Yeo, Executive Director, Keppel Shipyard his old company. of Keppel O&M and In 1988, the repair of NSB’s Managing Director of Keppel The new relay team for NSB first vessel, Proud Eagle, was Shipyard, were also present carried out at the old Keppel to extend Keppel Shipyard’s In the nine years that Shipyard at Telok Blangah. appreciation for NSB’s Kelvin Goh has been with Since then, the partnership continued support. Keppel Shipyard, the has strengthened over time. appointment as Project Mr Nelson Yeo, Executive Manager for NSB vessels The mutual trust and bond Director of Keppel Shipyard docking at Keppel have blossomed into family- said: “I am proud to have Shipyard is certainly his like ties at the two project managers like Kelvin major career highlight. companies. Goh and Jeffrey Chua who are committed to dedicated “The 150th vessel CMA This is clearly evident in the service and strong CGM Voltaire is my fourth strong turnout of the past partnership to NSB, our NSB baby. It is a great Mr Bozidar Petrovic, flanked by Mr Nelson Yeo, the first repair manager to undertake and present Keppel Shipyard friend and valued customer. honour to be entrusted as NSB’s Proud Eagle, and Mr Kelvin Goh, team members who had the Project Manager for the Project Manager for 150th vessel worked with NSB over the “I am confident that our the 150th NSB vessel years. partnership will grow from docking in Keppel. experience working with strength to strength. We look the first NSB vessel Mr Choo Chiau Beng, forward to the docking and “I enjoyed working with “BUXCROWN” with Chairman & CEO of Keppel repair of the 200th NSB the NSB team because Mr Ponath has trained Offshore and Marine vessel in our yard in the near we share the passion me well to deliver the best
(Keppel O&M), and Mr Tong future.” keppelite and enthusiasm. My for NSB.” Chong Heong, MD & COO
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Delivering global solutions
To succeed, a shipyard must In upstream, with its design, have strong capabilities, construction and conversion understand the needs of its capabilities, Keppel is able to customers and be able to provide seismic, drilling, provide solutions. support and maintenance vessels for the array of Mr Choo Chiau Beng, activities in this area. Chairman & CEO of Keppel Offshore & Marine (Keppel While in midstream, Keppel’s O&M) shared this formula, expertise lies in providing
which mirrors that of Keppel, repair and upgrading services Mr Choo (second from left) meets His Royal Highness The Prince Philip Duke of Edinburgh at at the World Maritime to a suite of tankers and the World Maritime Conference 2006 in London Technology Conference transporters including (WMTC) 2006 from 6-10 Liquefied Natural Gas (LNG)/ Citing Keppel O&M as an Aptly themed Maritime March in London. Liquefied Petroleum Gas example, he discussed how Innovation – Delivering (LPG) and crude oil carriers. the group partners its Global Solutions, WMTC Illustrating from the oil and customers to provide 2006 aimed to promote gas value chain, Mr Choo Mr Choo also spoke maximum value that can integrated solutions to discussed the role of a about striking a win-win meet their needs and industry-wide issues while shipyard in the upstream and relationship between the business objectives. assessing its impact on global midstream sector. shipyard and its customers. economies now and in the
future. keppelite Keppel FELS Brasil achieves double certification
Keppel FELS Brasil, together With this, Keppel FELS Brasil of safety and environment at with the international with its subsidiary, BrasFELS achieves the rare distinction our workplace to ensure we environmental and safety in Angra dos Reis and its of being the first company in provide products and services standards. facility in Niterói, have been Brazil’s marine industry to of the highest quality to the awarded the Safety and obtain both qualifications. marine sector in Brazil.” “It is the collective Occupational Health achievement of the Administration OHSAS Said Mr Milton Areas, “This marks an important employees of Keppel FELS 18001 and ISO 14001 Corporate Manager of achievement in aligning Brasil, especially the HSE System of Environmental Health, Safety and the systems and processes teams from BrasFELS and Administration certification Environment (HSE), “Keppel of our Brazilian operations Niterói,” beamed President & by Bureau Veritas Quality FELS Brasil is committed to with that of Keppel Offshore CEO of Keppel FELS Brasil,
International (BVQI) in uphold the highest standards and Marine to comply Mr Tay Kim Hock. keppelite February 2006.
Keppelite I March 2006
March 2006 17 3/31/06, 3:37 PM 18 Cover Story
Entertainment capital at Caesars Singapore to draw tourists Caesars Singapore will showcase many of the world’s firsts, leveraging the power of media and state-of-the art technology.
That’s entertainment! Expect be joining Keppel-Harrah’s AEG Live; Retail – Taubman PORTAL TO THE FUTURE new definitions to what in creating the Caesars Asia, Gordon Group and OF ENTERTAINMENT is entertainment and being Singapore platform for Peter Marino – many of This is immersion. This is the a tourism hub should hubbing attractions, media whom are also making iPort. Keppel Land and Harrah’s and technology. debuts here through the Entertainment (Harrah’s) win Keppel/Harrah’s IR. Bringing the experiential the bid for the Marina Bay These entertainment moguls iPort to reality will be the Integrated Resort. complete the team of Best “We firmly believe in being visionary himself, Academy of the best – namely, inclusive. In addition to Award winner James James Cameron at the Architecture – Daniel utilising our internal Cameron who has been iPort, Star TV, Unusual Libeskind; Conventions – expertise, resources and slated the executive Entertainment and SMG, Suntec Singapore; network, we want to identify producer. Teamwork Films are some Arts & Culture – Centre the strongest and the best in of the stellar cast who will Pompidou; Entertainment – and around us to strengthen Take a quantum leap into the our bid,” said Mr Lim future through the “iPort” at Chee Onn, Chairman of Caesars Singapore, where Keppel Land. art, architecture, cutting- edge technology and “We believe a entertainment combine to comprehensive array of give the ultimate immersive expertise will make the IR experience. more successful than that which relies on just one or “iPort is something that is two partners.” truly pathfinding, something that has never been done In assembling leaders and anywhere in the world,” innovators of their respective said Gary Loveman, Harrah’s fields, Keppel-Harrah’s Chairman, CEO and harnesses the pool of President. “We believe this creative ideas and specialised will be the gateway expertise to collectively craft attraction for Asia.” dynamic content for its offerings. The result of which iPort will be a 1 million sf, are distinctive and self- 16-storey state-of-the-art renewing experiences which facility with dozens of major always remain fresh and attractions, interactive rides compelling. and groundbreaking shows,
Larger than life – Academy Award winner James Cameron will champion the production of the immersive virtual landscape for iPort at Caesars Singapore
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along with complementary dining and retail experiences.
Describing the creative essence of iPort, Craig Hanna, chief creative officer of Thinkwell Design & Production, said, “This immersive entertainment experience will wow visitors with amazing environments, thrilling experiences and much more.”
iPort packs in a world of interactive virtual content interlaced with live The pods at iPort which will ferry visitors from one immersive experience to another performances across five levels of 30 to 40 ft each. base of the Media Canyon attractions at the Marina Bay Singapore’s Marina Bay,” Aimed at fully immersing to the top of iPort ferrying IR by leveraging the latter’s said Richard Mirman, Senior the visitor in its 3D realm, visitors in pods from one popular media brands and VP of business development each zone within iPort virtual zone to another. assets. for Harrah’s. will bring to life scenes in action films, science fiction “iPort, for me, is Christmas A fully-owned subsidiary of “We believe having a movies and even wildlife morning. It’s a chance to News Corporation, STAR is powerful media partner will documentaries. From role- play with all the toys,” said Asia’s largest broadcaster, help drive tourism and build play to simulations to Mr James Cameron. reaching 300 million people awareness for the integrated educational safaris, there across 53 countries in Asia resort throughout Asia and will be something for “This is a chance to push the through 58 channels in nine specifically in the countries of everyone in the family. envelope and do something languages. The company China and India.” that’s never been done. Think controls over 20,000 hours Throbbing at the heart of of it not as a space, but as a of Indian and Chinese STAR, together with Caesars iPort will be the ‘Media total immersion experience. programming and also Singapore will create a state- Canyon’, which spans the full owns the world’s largest of-the-art broadcast studio, height of the 16-storey “A step through a door into contemporary Chinese film a Channel [V] club, a STAR- building. The Media Canyon the future,” he said. library, with more than 600 branded attraction within comprises two 43m ‘video titles, featuring superstars the iPort, and will integrate cyclones’ of pulsing video STAR-STUDDED including Jackie Chan, broadcast capabilities into all display from floor-to-ceiling. ATTRACTIONS Chow Yun Fat and Bruce Lee. of the live entertainment Adding another star to its venues of the IR. Another attraction to look tourism appeal, Keppel- “Our agreement with STAR forward to is the gondola- Harrah’s has onboard STAR, is another significant step STAR will also have access to type people mover, which Asia’s leading media and toward the creation of an other live entertainment and meanders through the entertainment company to experientially compelling events hosted by Caesars building. It extends from the create a wide range of entertainment destination at Singapore on a year-round basis.
Continued on page 20...
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...continued from page 19.
This is the first time an active production studio as such can be found within an IR.
The broadcast studio will be the home of STAR in Singapore and will be a high- energy area of the integrated resort with activities throughout the day. Viewing space will also be provided outside of the studio so that visitors can watch their favorite shows being broadcast live. The iPort will be a state-of-the-art facility with dozens of major attractions, interactive rides and groundbreaking shows
“As Asia’s leading media company, STAR takes pride in owning a depth of media Views from the top brands and assets that are ever-present, and instantly Mr Lim Chee Onn, whole range, a whole variety “We believe the project recognisable to people from Chairman of Keppel Land of economic activities that itself will constitute Mumbai to Guangzhou, could come in many forms. some 10,000 jobs directly Taipei to Singapore, Dubai to “I think the government is in the integrated resort. Hong Kong and everywhere looking for execution and “This project is not just about And based on common in between. roll out. I don’t mean just real estate or entertainment. multiples that we observed by completing the project It is part and parcel of the elsewhere in the world “Every day, our or physical buildings tourism sector in Singapore.” for projects like these, programming connects with but…the software such as we think in the over 100 million viewers marketing and know-how, Mr Gary Loveman, neighbourhood of 35,000 across Asia – they may be and the ability to provide Chairman, CEO and jobs will be generated riding on the twists and turns a platform for which we President of Harrah’s purely by the integrated of our Indian soap serials on can build Singapore into a Entertainment resort itself. STAR PLUS, karate chopping hub for many economic along with Jackie Chan on activities. “We have put together “To the degree that it STAR CHINESE MOVIES, an integrated resort that has spawns the level of tourist following Manchester “What we strive to do is much more to it with much visits into the city that we United’s every move on ESPN to use this integrated more innovative content to think it will, there is much STAR Sports or humming resort as a platform and drive tourism to Singapore. more that can come from along with their idols on integrate it into our This is after all, the there.” Channel [V]. economy. So arising from overarching objective of this the platform will be a exercise. “The agreement with Caesars Singapore provides us a unique opportunity to extend our popular media brands and assets into a
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whole different realm, where for performances at the allow Asian fans to come up said Mr Mirman. “The trio of visitors to Singapore can Channel [V]-branded club, close and personal with their AEG Live, Teamwork and experience the magic of which is set to be one of the favourite idols, Keppel- Unusual will ensure Caesars television productions largest, most hip and Harrah’s has brought Singapore presents its firsthand. We are excited to interactive night spots in the together live entertainment visitors with a wide array of join Harrah’s and Keppel in world. The Channel [V] club experts Teamwork Film exciting and ‘must-see’ live- creating an environment will give visitors a chance to (Teamwork) of New Delhi, entertainment offerings with which will amuse, entertain, connect with some of their India, and local company local, regional and global and enthrall so many people favourite music, artists and Unusual Entertainments appeal.” every day,” said Mr Steve personalities. (Unusual) to tap the huge Askew, COO of STAR India and China markets. Unusual, which brought and President of STAR “We are fully confident that Hong Kong singer Sammi Entertainment. this project will be a huge These leading concert Cheng and Taiwanese success for our partners, specialists with expertise in groups 5566 and S.H.E to In the pipeline are plans to our viewers and most planning live events for their Singapore, will also work create a themed attraction importantly the visitors and respective markets will give with Chinese artistes to within iPort, to allow visitors people of Singapore,” said Caesars Singapore and AEG tailor shows especially for to watch their favorite shows Ms Askew. “The resort will Live advice and direction on Singapore. being recorded, participate in become a magnet for world- entertainment venues, live- live and taped shows, and to class showbiz productions entertainment events and “Unusual is the forerunner visit the sets of famous and create an unmatched marketing strategies. in the Chinese concert programmes. entertainment experience for entertainment scene. every visitor.” “We are excited to have The name Unusual is STAR and Caesars Singapore Teamwork and Unusual join synonymous with promoting will also work closely with UNUSUAL-TEAMWORK us in our effort to create a world-class acts from Hong leading record labels and FOR LIVE CONCERTS compelling entertainment Kong and Taiwan in promoters to secure talent For live entertainment to destination in Singapore,” Singapore,” said Mr Leslie Ong, Executive Director of the Unusual Group of Companies. “We look forward to putting that skill and expertise to work at Caesars Singapore, creating yet another reason for locals and tourists to visit this world-class resort.”
Similarly, Teamwork, which manages stars such as pop diva Usha Uthup will showcase the “best talent India has to offer” in traditional and contemporary music and performances.
Indeed, Keppel Land and Harrah’s have set the stage to put Caesars Singapore into the limelight in Asia by creating an unrivaled World-class concerts will be staged at Caesars Singapore entertainment hub. keppelite
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March 2006 21 3/31/06, 3:37 PM 22 Business
Keeping a promise sound
Safe and secure – flanking Anthony (front centre) and part of the Keppel O&M security team is the Outrider Squad
Each time a terrorist activity The team adopts a two- Mahinder shares, “For the of experience with the takes place, it reminds us of pronged approach to the past 17 years, I patrol the Singapore Police Force, train the uncertain times today. security of the yards. The first yard and take enforcement and educate their officers. Targets are indiscriminate, is to ensure that the daily actions against any making almost anything proceedings of the yards offenders. As a result, I may Providing an account on how anywhere a potential. are in order and the have offended some people he taught his officers to do Shipyards are no exception. second, strategic long-term or caused them to be wary surveillance when they investments and of me. However, I take pride spotted a suspicious bag In an environment where implementation of systems in carrying out my duties (filled with copper trimmings) safety and security are to keep antagonists at bay. fearlessly.” lying around in the yard, paramount and adverse Anthony said, “I told them distractions a liability, Senior Guard Commander, “I also ensure that vehicles to be in their civilian clothing nothing is left to chance. Mahinder Singh is one of do not obstruct the flow to be inconspicuous. Then to That is why Anthony Toh, the outriders that the of traffic or cause any keep a lookout on the bag Keppel O&M Group Security security team deploys to obstructions in order to at a distance. Finally, the Manager and his team of patrol the yard daily. During facilitate all the work in the culprit came back to collect Senior Officers lead a 114- his patrols, he ensures that yard,” he added. the bag and was nabbed by strong Group Security Team everyone adheres to the us!” to ensure that customers and yard rules, looks out for Anthony and his second- stakeholders are fully assured any irregularities and in-command, Desmond The bigger challenge is in the of the security and safety of trespassers from land or Oliveiro, who between them event of a crisis where the the yards. sea. have a total of 70 years systems set up are tested.
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requirements for world-class Community Safety & Security maritime facilities. Program (CSSP).
On 13 Jan 2006, the SSWG “We invest a lot of resources, held its inaugural seminar to time, money, manpower to share their on-going ensure safety in the yard partnership activities with the because we never know Singapore Police Force, what will happen. Accidents Singapore Civil Defence do happen and risks are ever Force, Police Coast Guards present, but through these and the Maritime & Port investments, the detrimental Authority of Singapore (MPA) effects of these adversities on security exercises and can be significantly drills to meet the ISPS reduced,”said Anthony. requirements. Daunting, the task may be, For all its efforts, the it is all in a day’s work for Watch Group was presented Anthony and his team, as with a Silver award by the they contribute to delivering South West Community the promise of ‘On Time, On
Development Council and a Budget’ to customers. keppelite Gold award by the National
Hawk-eye Senior Guard Commander, Mahinder Singh asserts that Big Brother is always watching
These have been serves to tighten the purposefully and overall security within the painstakingly developed over immediate vicinity through time to effectively respond to joint patrols. the crisis. Combined training and One initiative is the Shipyard exercises that include crisis Security Watch Group simulations such as chemical (SSWG), which comprises of threats, bomb hoaxes and Keppel O&M, Singapore hostage situations are also
Technologies Marine (ST carried out to strengthen Realistic simulation exercises are carried out by the Keppel O&M security team to fine tune the Marine) and Jurong Shipyard. inter-yard relations. These co-operation and coordination with external agencies like the Singapore Police Force Together with the Singapore simulations are carried out in Police Force and other Home compliance with the Affair agencies in the Jurong International Ships & Ports Industrial Estate, the SSWG Security (ISPS) regulatory
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March 2006 23 3/31/06, 3:38 PM 24 Business
Keppel Land joins Singapore Compact
Taking a step further in its Home to some 2,200 shrubs commitment to corporate and 800 trees, Keppel social responsibility (CSR), Land’s luxury waterfront Keppel Land has joined the condominium, Caribbean at Singapore Compact. Keppel Bay, for instance, was bestowed two awards in Formed in January 2005, the Landscape Industry Singapore Compact serves Association (Singapore) as a national platform for Awards of Excellence 2006. fostering dialogue and collaboration on CSR These include the through training, Gold Award in the collaboration and practical Implementation/Residential project implementation. category for the quality of plant materials used, Keppel Land shares the installation techniques and Singapore Compact’s belief craftsmanship, and Silver in the importance of Award in the Maintenance integrating social values and category for the condition of mission within business the plants and the cleanliness decision-making, to achieve of the site. positive and sustainable
outcomes towards business, Similarly, One Raffles Quay, Environment conservation and eco-friendly initiatives form part of Keppel Land’s commitment environment and the Keppel Land’s premier office towards quality living and work spaces community at large. development at Marina Bay which is expected to be exchangers to pre-cool air conditioning and variable Every Keppel Land completed later this year, before supplying to the Air speed drive in AHUs to cut development demonstrates features energy efficient Handling Units (AHUs), down fan speed and reduce the Company’s commitment solutions such as the use of variable air-volume system energy consumption for air-
to the community. an energy wheel as heat for optimum control of air- conditioning. keppelite Thai Chee Ken steps down
Mr Thai Chee Ken has Member of the Nominating Land since 1997, and has like to express their resigned as Director of Keppel Committee. contributed much to the appreciation for Mr Thai’s Land, and has relinquished his growth of the Company. invaluable contributions to
appointments as Chairman of Mr Thai has been on the the Company. keppelite the Audit Committee and Board of Directors of Keppel The Board of Directors would
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March 2006 24 3/31/06, 3:38 PM Business 25
Visitors from Norway
Delegates from valued Keppel FELS is building five customer, Sinvest ASA Super B Class jackup rigs for (Sinvest) of Norway Sinvest. The projects are in visited Keppel FELS on various stages of completion. 9 March 2006. The first rig, to be named Deep Driller 2, will be A dialogue session was held christened on 8 April 2006. during the visit to allow both companies to further Involved primarily in strengthen their relationship. investments relating to the The delegates, led by offshore industry, Sinvest Mr Bjarne Skeie, Chairman ASA is a public company of Sinvest, toured the yard quoted on the Oslo stock
and saw the progress of exchange. keppelite various Sinvest projects. Onboard Deep Driller 2, the first Super B Class jackup built for Sinvest
China yard gears up for more work
With the number of contracts representatives from secured by Keppel Offshore & Gulfmark Offshore Inc., Marine increasing steadily, Keppel Singmarine’s long- sister yards in Keppel’s global time customer, visited the network are gearing up to yard. They were pleased with share the workload. the environment and capabilities of the yard. At Keppel Nantong Shipyard, renovation and refurbishment Keppel Nantong Shipyard is works have already been currently building four completed and the yard has Anchor Handling Tug/Supply commenced construction (AHTS) vessels for owner works for the offshore Hadi Offshore Pte Ltd., a support vessels (OSVs) under newly established Singapore contracts clinched by Keppel subsidiary of Saudi Arabian Singmarine. company, Hadi H. Al Hammam Establishment, New facilities and equipment and two AHTS vessels for such as cranes and steel- Gulfmark Offshore, Inc. The Keppel Nantong Shipyard’s management share the capabilities and facilities with guests from Gulfmark Offshore plate cutting machines have vessels are expected to be been added. delivered progressively from third quarter 2007 till the
On 11 February 2006, third quarter of 2008. keppelite
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Focus on human capital
Keppel O&M hosted engineers, management and delegates from the Ministry supervisors. of Manpower – Foreign Workforce Department These initiatives include (MOM) and the Economic scholarships, further Development Board (EDB) education sponsorships for on 8 February 2006 for a employees, participation in dialogue session and yard career fairs, rehiring of retired visit to understand the but physically fit employees operations of the yard. and supporting various institutions in nation-wide Said Mr Tong Chong Heong, recruitment drives, such as MD and COO of Keppel the SuperV programme, O&M, “The industry has a Republic of Singapore compelling need for a Navy – career transition constant stream of programme and the Yellow tradesmen and for their skills Ribbon programme. to be upgraded.” Urging for more mutually Keppel O&M focuses on beneficial initiatives, Mr Tong multi-pronged human capital said, “We look forward to development initiatives to more such dialogues with recruit, train, nurture and MOM and EDB to meet retain talents in higher value- manpower challenges faced Mr Michael Chia, Executive Director of Keppel FELS (front) walks the ground with the MOM and EDB delegation to provide them with a better understanding of the yard operations added positions, such as together.” keppelite Going the extra mile with Singapore Petroleum
More than 40 cars took part All participants were treated Held in conjunction with the 70.49% and 67.49% in the weekend drive-away to a special 20% discount on drive-away was the popular respectively! to Genting Highland on petrol at SPC Tuas before SPC Mileage Challenge. 25 February 2006. setting off on the 460- Said winner Mr Toh Chee kilometre journey. The event This year’s challenge Chuan, “We never really The drive-away was the was a star-studded event as produced two winners expected to win with six second of such collaboration the convoy was flagged off instead of one. The results persons onboard, but we are between Singapore by Irene Tan (Rosie from Phua were very encouraging as all pleasantly surprised to Petroleum (SPC) and Chu Kang) and Shaun Chen both winning cars learn that our car completed Mediacorp Publishing after (Xiao Xin from Channel 8’s outperformed their the entire journey with less the successful expedition to Holland V) at the Raffles specifications by a whopping than 22 litres of petrol!”
Terengganu in August last Marina. keppelite year.
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March 2006 26 3/31/06, 3:39 PM Business 27
Excellence award for Keppel FELS
Construction of WilCraft, the & Marine’s commitment to quality targets, despite the commission this considerably maiden KFELS B Class jackup excellence in safety, where current unprecedented increased scope of for Awilco Offshore (Awilco) every employee is inculcated workload in your yard.” equipment for vessel delivery began in April last year. Work with the value to make safety in the fourth quarter of this on the rig has progressed a part of life. Mr England added, “Safety year. We would like to well, culminating to the is one of the foremost take this opportunity to project team achieving one Awilco too shares this value. concerns for Awilco Offshore encourage you to continue in million manhours without a In its commendation letter, in our fleet expansion the same exceptional drive lost time incident in February Project Manager Pete programme, and it is for this and spirit that you have this year. England wrote, “…(safety) is reason that all our jack-up displayed so far, and by doing something that we have rigs are equipped with a so, we are confident that you Awilco has recognised this come to expect as second significantly increased degree will successfully surmount achievement by presenting nature from Keppel FELS. of mechanisation within the these impending challenges Keppel FELS with a Safety Yet, what impresses us pipehandling process areas. safely.” Excellence Award and a further is that on WilCraft, Safety Bonus of US$10,000. this has so far been achieved “The challenge for Keppel To this challenge, our
This commendation is without any let up on the FELS will be to safely and response is Can Do! keppelite testament to Keppel Offshore drive to meet schedule and successfully install, test and Another successful repair for ENSCO
Keppel FELS has delivered on Rising to the challenge, Senior The completion of this repair schedule to long-time Project Manager Wilson Goh project marked the first customer ENSCO yet again. and his project team began repair project with ENSCO’s planning for the project new Project Manager, Ron In October 2005, ENSCO before the rig even arrived. Couet. contracted Keppel FELS for a fast track repair job on Rig inspections offshore prior He said, “Although this ENSCO 56. After a four- to the rig’s arrival at the yard was my first repair project month stay in the yard, the allowed the project team to with Keppel FELS, we shared F&G Mod 2 jackup rig was assess the job scope and look an excellent working ready for its next assignment into the engineering relationship. The strong in New Zealand. details. Once the necessary relationship has never assessments were made, changed. I remember how The project scope included material procurement and strong it was when I was first upgrading of the drill floor pre-fabrication works were here in 1996. Through this and cantilever systems, carried out. project, I can understand painting works and why ENSCO and Keppel FELS installation of additional Upon its arrival, the project have enjoyed such a long living quarters. team swiftly launched into standing relationship. I am action. looking forward to our future
ENSCO 56 departs Keppel FELS’ yard as projects together. keppelite scheduled, ready for its next assignment
Keppelite I March 2006
March 2006 27 3/31/06, 3:39 PM 28 Team
Staging class acts
Keppel continues to play its Lidia Baich, led by world part in growing the local arts celebrated Maestro Lorin scene by setting the stage for Maazel. The resounding the celebration of artistic applause for encore and brilliance. curtail calls attested to their riveting performance. On 13 March 2006 at the Esplanade, Keppel Guest-of-honour showcased a world class act Mr Raymond Lim, Second – The Gala Concert: Lorin Minister for Finance and Maazel and the Singapore Foreign Affairs, as well as Symphony Orchestra (SSO) – Keppel’s guests, including to classical music lovers in Keppel Group’s Board of
Singapore. Directors and their business The marvellous Maestro Maazel associates, were greatly The evening presented impressed by the masterful However, all eyes were and I was also very moved by timeless classical favourites weaving of music by inevitably drawn to the Lady the flawless performance by – Tchaikovsky and Maestro Maazel, world in red – the talented and Ms Baich.” Mussorgsky’s masterpieces renowned as one of the most young violin soloist Lidia. – by the premier Asian distinguished conductors of The previous evening, the orchestra and music prodigy all time. Regarded as one of the most great Maestro celebrated his extraordinary young violinists 76th birthday in a private on the global concert scene dinner co-hosted by Keppel today, the 20-year-old Chairman Mr Lim Chee Onn Russian won her first and Professor Cham Tao international competition at Soon, Chairman of the SSO the tender age of eight. at Conrad Hotel Singapore.
Many were spellbound This is not the first time that by her extraordinary Keppel has partnered the performance on a violin by SSO. Last March, the Keppel Joseph Guarnerius del Gesu Group sponsored the SSO at “ex Guilet” from 1727, lent the prestigious Avery Fisher to her by the National Bank Hall in New York’s Lincoln of Austria. Centre, United States, in a “sold-out” performance led Mr Dennis Tay, Keppel Land’s by SSO’s Music Director Lan GM of Marketing shared his Shui, that also staged appreciation of the concert, renowned cellist Yo-Yo Ma “This is one of the best and violinist Gil Shaham. performances by the SSO keppelite Keppel and the SSO celebrated Maestro Maazel’s 76th birthday: (from left) Chairman of the SSO Professor Cham Tao Soon, Maestro Lorin Maazel and Keppel Chairman Mr Lim Chee Onn
Keppelite I March 2006
March 2006 28 3/31/06, 3:40 PM Team 29
A helping hand to the Clippers
Enroute from Singapore to Qingdao in China, the 10-strong Clipper fleet was suddenly diverted to stopover at Subic Bay, Philippines, on 5 February 2006 due to keel problems.
A survey identified an issue with the connection between the outer skin of the hull and the keel.
Coming quickly with aid where possible, the Keppel Group, through its offshore and marine division, assisted in the supply of brand new keel bolts for the entire fleet of Clippers.
Sending-off in Filipino style. The Subic Shipyard & Engineering team turned up in full force to cheer on The Uniquely Singapore Clipper crew “As a Race Partner of Singapore’s entry to the Clipper Race – Uniquely made using the latest odds. Whether Clipper and Said Mr Charles Yap, Singapore, Keppel have Computer Aided Design their crew are in Singapore, President and General shown tremendous support technology. With a team of the Philippines or anywhere Manager of SSEI, “Extending to the Clipper 05-06 Race, around 90 people working else in the world, we will the Singaporean hospitality playing host along with other on the fleet (amounting always be delighted to find to our friends in need in a Race Partners when the fleet to around 1000 daily solutions in any way we foreign land is our pleasure visited Singapore in January manhours), the rectification can,” added Ms Wang indeed.” 2006. work was completed in four Look Fung, General Manager weeks. of Group Corporate The Clipper 05-06 Race set “This time, they have Communications, Keppel sail again on 25 March from generously stepped in with While the repairs were Corporation. Subic Bay in the Philippines, logistical help, supplying underway, the remaining after completing a series of crew with accommodation Singaporean crew put Located in Philippine sea trials. The second half for their stay in the up at the corporate Economic Zone Authority of Leg Four (Race 6) was Philippines and now with the accommodation of Subic area of Subic, Zambales, re-commenced. engineering and supply of Shipyard & Engineering, Inc. SSEI is a member of the 220 keel bolts for the Clipper (SSEI). Keppel Offshore and Marine As a “Bon Voyage” gift, fleet, ” said Race Director group. The company is noted SSEI gave away packs of Mr Tim Hedges of Clipper “Keppel is proud to be of for its repair and conversion Philippines’ very own unique Ventures. assistance to the Clipper works on supertankers and dried mango to sweeten the Race and to be associated Floating Production Storage journey for the Clipper crew.
Each boat is fitted with 21 with the spirited adventure and Offloading (FPSO) keppelite bolts, weighing 2.5kg each seekers who will stop at vessels. and every bolt is custom- nothing to overcome the
Keppelite I March 2006
March 2006 29 3/31/06, 3:40 PM 30 Team
KRC in efforts to promote health
Members of the Keppelite sacrifice a Saturday, the Recreation Club (KRC) were volunteers from Keppel were out in force in Orchard Road glad that they could be part on 18 February 2006 to help of a good cause. sell coupons at the launch of SingHealth Foundation’s Winson Lim, Assistant “Save Money, Save Lives” Purchasing Officer at Keppel Project 2006. Shipyard shared, “I want to lend a helping hand to those Proceeds from this fund- who are less fortunate and raising project will go to in poor health. I am happy supporting SingHealth’s to be able to do this through medical research in the fields the KRC.” of cancer, heart disease, diabetes, childhood If you want to be part of this hereditary disorders and volunteer effort, please neurosciences. contact Chew Meiyong Baring his chest to help the less fortunate, volunteer Winson Lim combs the street for a good (DID): 6863 7170, (HP): 9796 cause Despite having busy work 8501 from 5th – 11th April
schedules and having to 2006. keppelite
Ultimate rigs
Having made its debut in the The documentary is So, stay tuned and catch United States in December expected to air on Thursday, the world’s leading designer 2005, the National 13 April 2006*. and builder of rigs in action!
Geographic MegaStructures keppelite series, Ultimate Oil Rigs, is finally in Asia! *Please note that the airtime is subject to change. Log on to www.kepcorp.com for updated A one-hour documentary, it details. will feature Keppel FELS and a drilling contractor, showcasing the ingenuity of man in overcoming the challenges of making and operating mammoth drilling jackup rigs.
Keppelite I March 2006
March 2006 30 3/31/06, 3:40 PM Team 31
Appreciating long-serving staff
Keppel Integrated Keppelites will inspire the rest Engineering (KIE) held a Long of us to continue their good Service Award ceremony on work with the company.” 3 March 2006 to recognise the dedication and Together, the 49 recipients commitment of long-serving have 770 years of working employees from KIE, Keppel experience between FMO, Keppel Seghers and them. Said Shanmugam Keppel Prince Engineering. Supramaniam of Keppel FMO, who is one of the four Mr Wong Khai Theen, Senior deserving Keppelites who General Manager (Special received the 40-Year Long Projects) of KIE said, “Today, Service Award, “Once you’re our group-wide staff happy with your job and your strength is 2500, and KIE management takes care of would not be what it is today you, you can stay in the job
The management from KIE, (seated from left) Mr Wong Khai Theen, Mr Wong Boon Kong, without its people. I hope for many years.” keppelite Chairman of KIE and Mr Soh Chee Keong, Senior GM (Singapore Operations), with recipients of the 40-Year Long Service Award, (from left) Mr Chang Wai Thim, Mr Chee Mun Tuck, that these exemplary Mr Koh Ah Ang and Mr Shanmugam Supramaniam
Committed to the local community
In Luo Yuan County, a rural land farming is the main RMB 1 million to the within 2006. Some 1,000 community in Fujian Province livelihood, and where natural construction of a middle students will be able to of China, underprivileged disasters ravage and destroy school hostel for the needy benefit from the hostel children trudge at least four homes, most families simply children of Luo Yuan. project, and continue to hours to and fro everyday on cannot afford sending their pursue their education. their tired feet to get to children to school. The Chinese government will school. provide the land and Committed to the Financial difficulties plus the undertake to build the first community wherever it has This is because the schools distance often put these two dormitory blocks, while operations, Keppel Land is are located only in the cities, children at risk of dropping Keppel Land’s donation will glad to do its part to provide while the children of Luo out of school prematurely. go towards building the third access to educational Yuan live in the mountainous block. opportunities that open new
region, deep in the villages. Keppel Land has come to the doors to progress. keppelite aid of the children through The authorities are currently To exacerbate the problem, the Mainly I Love Kids (MILK) working on the blueprint and in this impoverished, coastal Fund. Keppel Land has construction of the hostel, community where fish and committed to contributing scheduled to be completed
Keppelite I March 2006
March 2006 31 3/31/06, 3:41 PM 32 Team
Welcoming new Keppelites
As a conglomerate with Keppelites were welcomed In particular, a remark by management is focused on businesses in the different to the family with an Mr Hoe Eng Hock, people development is very sectors of Offshore and introduction to the key Executive Director of Keppel encouraging for Kenneth. Marine, Property and operations of Keppel’s Singmarine, made a strong Infrastructure, Keppel offers strategic business units impression on new Keppelite “I also feel the orientation its people exciting career (SBUs). Kenneth Yeo, Senior has been very helpful in and personal growth Executive (Marina at Keppel inducting us into the opportunities across the Sharing with the new Bay project) from Keppel corporate values espoused Group. Keppelites were key Land. by the Company, and giving executives from the Group, us an opportunity to interact At a Group-wide Orientation including Keppel Chairman “Everyone should be given with our colleagues from the
organised by Group Human Mr Lim Chee Onn who gave a second chance in life,” other units.” keppelite Resource on 15 March 2006 the opening address. Mr Hoe had shared. at Marina Mandarin, new Knowing that senior
Kepture! for the Arts
At the GV Grand cinema in struggle between the Israelis Great World City, Keppelites and the Palestinians,” said were gathered for the Lim Kian Lee, Senior Project movie-screening of Munich Manager from Keppel Land. organised by Kepture! on 4 March 2006. Inspired by actual events, based on a number of A pre-screening tea reception sources including personal was held at the outdoor recollections, and helmed by “Garden Terrace” to give renowned director Steven Keppelites an opportunity to Spielberg, the Academy interact and get to know one Awards nominee drew a
another. sell-out crowd of 175 seats. No popcorn? But Keppelites still enjoyed the mingling during the pre-movie reception at the Garden Terrace “The event was well A bigger theatre had to be organised and made going re-booked to cater for the bring along their family and spirit of the arts amongst for a movie show a special overwhelming response from friends to enjoy the show Keppelites, as well as create occasion, as colleagues had Keppelites who were eager together. opportunities to mingle a chance to connect outside to catch the political thriller. across the various business of the workplace. The show As the tickets were bundled Kepture! presents a series units on a quarterly basis. So was a good choice as it and cheaper in bulk, it of artistic performances to do keep a lookout for the
portrayed vividly the encouraged Keppelites to entice or “kepture” the upcoming Acts! keppelite
Keppelite I March 2006
March 2006 32 3/31/06, 3:41 PM Team 33
Keppel O&M holds inaugural corporate orientation
“Our Core Values are Mission, Core Values, important anchors of our businesses, strategic organisation…” directions, Group policies and career progression. The Addressing new Keppelites orientation program aims to at the inauguration of the strengthen communication Keppel O&M Corporate with new Keppelites by Orientation on 3 March giving them an appreciation 2006, Mr Choo Chiau Beng, of the various facets of Chairman & CEO of Keppel Keppel O&M. O&M, reiterated the importance of core values in Many of the particpants shaping behaviours and expressed their appreciation Mr SN Jayakumar, General Manager of Marketing at Keppel FELS, shared his working experience with participants at the inaugural Keppel O&M Corporate Orientation actions. in providing them a platform to interact with To be conducted on a the Management. hope to achieve in the next posted back to them for monthly basis, the Keppel six months in a “Dear Me” reflection and to take stock O&M Corporate Orientation At the end of the orientation, postcard. At the end of of their set targets and
provides an overview of the they were asked to pen the six months, the self- achievements. keppelite organisation’s Vision, down the work targets they addressed postcard will be Tackling the bird flu
Avian influenza A/H5N1, also and most people who have 3. Avoid handling any sick thoroughly cooked before known as “bird flu”, is a contracted bird flu work with animals, including cats. eating. Do not consume disease that kills domestic or live near poultry. Symptoms 4. Avoid touching any raw poultry products, poultry flocks. The outbreak range from cough, fever, sore surfaces that may be such as raw duck blood. began in several South East throat and muscle aches to contaminated by poultry 7. Consider having a Asian countries and has eye infections, pneumonia droppings, and do not seasonal influenza spread into Russia, Europe and other complications. At swim in any body of water vaccination. Although this and Africa. Huge numbers of this time, the virus does not that is used by birds. will not protect you chickens, ducks, geese, and have the ability to spread 5. Maintain high levels of against avian flu, it other domestic birds have easily from human to human. personal hygiene. reduces the risk of been culled in affected Frequent washing of seasonal influenza. Thus, countries in an attempt to PRECAUTIONARY hands is very important. it reduces the chance of slow or stop the spread of MEASURES Wash your hands before becoming co-infected the virus. 1. Avoid live animal markets, and after food with both seasonal and poultry and pig farms. preparation. avian influenza; such co- The virus is contained in the 2. Do not handle sick or 6. Poultry and pork products infection could result in a excrement of infected birds, dead birds. and eggs must be pandemic strain of flu.
keppelite
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March 2006 33 3/31/06, 3:41 PM 34 PeopleCommunity
Keppelites Abroad What’s brewing in Belgium?
Leren is zoeken naar especially exciting to be a vooruitgang. That’s a Flemish member of one of wisesaying meaning “To the world’s leading learn is to look for progress”, environmental engineering a credo much embraced by companies. 30-year old Koh Khai Yang, Financial Controller of He says, “Today, more and Keppel Seghers Belgium. more countries realise that it makes economic sense In September 2004, barely a to implement stricter year after he was married, environmental regulations. Khai Yang was offered the This creates tremendous chance to be posted to opportunities for Keppel Belgium. With firm support Seghers. We are currently from his wife, Khai Yang took putting the building blocks up the posting. for growth in place and to position ourselves when In Belgium, Khai Yang soon global demand picks up.” assimilated to the Belgian way of doing things. He says, Khai Yang, who has a “Belgians are relatively one-month old daughter, more inquisitive. They still remembers those days would also proactively when he first became dad. Khai Yang with wife Kai Shin in Madrid, Spain, where Keppel Seghers has a presence make recommendations to “I had to return to Belgium enhance the decisions two weeks after my baby 300 different types of beers Reflecting on his life in wherever relevant.” was born. It was definitely from the local breweries. Belgium so far, Khai Yang a painful experience. What says, “As the Flemish saying “Taking charge of Keppel my wife and I did to alleviate As Keppel Seghers Belgium goes, Achter elk probleem Seghers Europe and the the pain was to have daily is located within the Flemish schuilt een nieuwe kans, Americas has allowed me to web-cam conversations. The speaking region of Belgium, behind every challenge lies be exposed to the working time-zone difference didn’t Khai Yang has taken up a new opportunity. I am styles, attitudes and cultures help,” he recalls. learning the Flemish certainly glad to have taken of staff in these regions. The language, the official up the posting in Belgium. It work has also exposed me In his spare time, Khai Yang working language. He has broadened my mind, to the various accounting likes to drive around in explains, “Flemish is helped me gained new and tax regimes of these Europe, a refreshing the mother tongue of perspectives, and exposed countries,” says Khai Yang. experience not available in most colleagues. Official me to different cultures. Of Singapore. He recently drove documents are also in course, I also enjoy Belgium’s As the demand for 10 hours to the Alps in Flemish. Learning their world-renowned beer and
environmental services and Germany. A ‘beer-lover’, language will allow me to get chocolate!” keppelite solutions grows around the Khai Yang also finds it a joy to know the Belgian culture world, Khai Yang finds it to be able to savour the better.”
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March 2006 34 3/31/06, 3:41 PM CommunityCommunity 35 vKeppelolunteers
Equipping volunteers to make the difference
What do you do when an intellectually challenged child greets you with a hug?
Respond with a hug? Wrong.
Keppel Volunteers recently organised a workshop for members to learn the proper way of interacting with the children from the Association for Persons with Special Needs (APSN), Keppel Group’s adopted charity.
Sharing with the group of volunteers at the workshop
was Fredrick Low, a social At the workshop, Keppel volunteers learn to handle issues when interacting with the children of APSN worker with APSN. He said, “We encourage volunteers not to reciprocate the hug Frederick responded, “Treat different situations with each ask why they are different or because we do not want them like how you would child. would they become normal these children to grow up treat any child or person, like the rest of us in future? thinking that it is alright to with care, concern and “They may appear normal If a child tells me that he hug someone they just met. respect. What we aim to and come from a normal would like to become a We have to teach them that achieve for them is to be family, but each child has his policeman when he grows the proper way to greet an treated like any normal own set of challenges. I really up, what should be an acquaintance is to shake person.” admire the teachers who are appropriate response? hands.” there to guide them through their daily routines.” “On one hand, I would like Enthusiastically, the Said Ms Ang Boon Yen from to encourage him to work volunteers raised questions SPC, “The workshop helped Agreeing, Ms Celine Chen, hard; on the other, I do not during the workshop. One of me understand more about also from SPC said, “When I wish to give false hope. So the questions raised was, APSN and the children we interact with these children, through these workshops, I “How should one treat the interact with. It also at times I am uncertain of the learn how to handle and children when interacting equipped me with a better answers to give to their communicate with these
with them?” knowledge of handling the questions. Sometimes they special children better.” keppelite
Keppelite I March 2006
March 2006 35 3/31/06, 3:42 PM BackPage 36
Alpha raises $720 million exceeding fund target
Keppel Land Limited’s Eastern investor to asset wholly-owned real estate manage an existing portfolio fund management arm, in Asia valued at Alpha Investment Partners S$250 million. The mandate Ltd (Alpha), has announced calls for the portfolio to be the final closing of its Alpha expanded to S$500 million Core Plus Real Estate Fund. by end-2007 and has a target of reaching an eventual asset The Fund has raised a total size of S$1.65 billion. This of S$720 million which portfolio will be managed exceeded its original target according to Islamic of S$412 million. With principles. gearing, the Fund will eventually reach a total asset Mr Kevin Wong, Managing size of S$1.8 billion when it Director of Keppel Land said, Vanguard is one of Alpha’s acquisitions in Tokyo, Japan is fully invested. “The closing of the Core Plus Fund and the new Islamic The total investor mandate bear testimony with lower volatility, a Since its first closing, the commitments raised by to the confidence that common measure for risk. Fund has purchased three Alpha have now reached institutional investors have assets in Tokyo and one asset S$1.6 billion. When they are in the Alpha team. The Mr Loh Chin Hua, Managing in Singapore. The latest fully invested on a general achievement further boosts Director of Alpha said, “In acquisition, completed in basis, Alpha will have a total the significance of fee-based today’s market, raising funds January 2006, was a retail asset under management businesses for Keppel Land.” is just the start. The key is to building in the prime Ginza (AUM) of S$4.4 billon. be able to invest the monies district of Tokyo. Earlier Thus far, Alpha’s funds have in a prudent fashion and acquisitions included a luxury Alpha’s first fund, Asia No 1 all exceeded investors’ meet the fund’s target residential block in the Property Fund, jointly expectations. returns. swanky part of Roponggi, managed with Henderson overlooking the Mid Town Global Investors, is now Alpha’s Real Estate Securities “We are pleased to have Project – a prime urban more than 85% invested Fund, for instance, which exceeded our investors’ landmark redevelopment by or committed. Some invests in listed real estate expectations and are Mitsui Fudosan. divestments have already securities with a target return committed to ensuring our been made in that of 12% p.a., has over a two- funds continue to meet, or In addition to the two funds, opportunistic fund, and year period since its inception better, exceed their targets.” Alpha also manages a fund capital and profit in February 2004 achieved a investing in listed REITS and distributions were made to return of 32% p.a. The Alpha Core Plus Fund, securities globally. Alpha the investors in 2005. started in March 2005, aims currently operates from three Besides outperforming the to invest in institutional offices in Singapore, Seoul
Alpha also announced that it market indices on an grade, income-producing and Tokyo. keppelite has recently secured a absolute basis, this fund has properties in the developed mandate from a Middle also produced the return markets of Asia.
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