August 2013 www.kepcorp.com/ekeppelite

Corporate excellence 8

Safety honours 10

The Games begin 34

Shaping the future

MCI (P) 073/01/2013 10 36

42

Contents

SUSTAINING GROWTH EMPOWERING LIVES Solutions for Mexico 4 The Games begin 34

Global service 7 Growing with Singapore 36

Corporate excellence 8 Count on learning 37

Safety honours 10 Inspiring education

Successful conversions 12 Engaging talent 38 Sharing on sailing Perfect 10 13 Keppelites Abroad Chinese links 14 Stepping out for growth 39

Eco-City progressing on track 15 NURTURING COMMUNITIES Patron of the arts 40 Keeping ahead in finance 16 Garden melodies Clear on transparency 18 Race for a cause 41 Strong start Keeping the rivers flowing Celebrating 45 years Shaping the future – 45 years and beyond 19 Jars of joy 42

New tenant at 8 Chifley Square 28 Keppel Volunteers Warming hearts 43 Starting service BACK PAGE Brazil updates 29 Fifth semi for Floatel 44 Championing sustainability 30

A safe township 32

Distinguished visitors 33

Cover image: Keppel committed $12 million to the National Art Gallery in support of its centre for art education. Witnessed by President Tony Tan (centre), Keppel Corporation’s CEO Mr Choo Chiau Beng (far left) and Chairman Dr Lee Boon Yang (second from left) presented the cheque to the National Art Gallery, represented by Mr Hsieh Fu Hua (second from right), Chairman of the National Art Gallery and its CEO, Ms Chong Siak Ching (far right), at Keppel’s 45th anniversary gala dinner.

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 Elizabeth Widjaja

Editorial Committee Ang Lai Lee, Carol Huang, Chan Suan Sim, Cheryl Goh, Chew Chong Peng, Clement Lim, Dale Lai, Diana Chan, Donald Sng, Eileen Tan, Eva Ho, Frances Teh, Grace Chia, Hayley Teo, Hoo Yao Lin, Ivana Chua, Lee Chin Siang, Lee Wan Jun, Liang Hui Hui, Lim Xuehui, Lin Wenjian, Priscilla Chong, Razali Maulod, Roy Tan, Serena Toh, Sue Ann Huang, Teri Liew, Tracy Pham, Vett Ramos, Woon Pek Yong, Yolanda Guo, Yu Zehan

Keppelite I August 2013 CO REG NO: 196800351N Editorial

Our future starts today

Keppel’s growth journey has historically imagined that a Singaporean company could been intertwined with the meandering fortunes design and build, in the last 10 years, half of all of Singapore. As a small island nation, Singapore the new jack-up rigs in the world? has had to navigate deftly global tides which it has no control over, and punch far above its weight in The new generation of Keppelites is building on order to thrive. Likewise, Keppel, which started as success and an unstoppable Can Do! culture in a small shiprepair yard, has had to eke out a niche the organisation. Our new leaders, having been in the global arena to become a multi-national carefully identified and groomed, stand ready conglomerate it is today. to take on the baton and sprint towards the next lap. Rounding up a well-received National Day Rally on 18 August 2013, Prime Minister (PM) Lee Hsien Even as we make strides into the future, we Loong shared with Singaporeans grand plans recognise that we are an integral part of our on how our cityscape will continue its dramatic community and must remain vested in its transformation: space will be freed up in the south well-being and sustainability. for a Waterfront City; in the east by the moving of the Paya Lebar Airbase and further expansion PM Lee spoke of significant policy shifts in of Changi airport to ballast Singapore’s position healthcare, education and housing towards a more as an air hub. inclusive society, even as the values of self reliance and meritocracy remain at the core. These are ambitious plans. But as PM Lee puts it, they reflect our fundamental mindset and spirit – On a similar note, while Keppel is providing and which is to be confident and to aim high. These growing solutions to sustainable urbanisation and are long term plans. They build on the hard work future, we continue to care for and nurture the of our forefathers and will challenge our leaders communities wherever we operate. to rally citizens into the future. The future is a shared one – with our Keppelites as At Keppel, we stand at a similar chapter in our well as with the community-at-large. We are not story. We owe our present to the tough men of the averse to challenges but we will continue to focus past who marched with bold visions and had the on realising our aspirations. dare to blaze a trail where there was none. And we are ready, because at Keppel, the future We had survived many ups and downs, made always starts today. difficult decisions and ventured beyond Singapore’s shores. Our achievements today in the face of overwhelming challenges speak volumes of our people, past and present. Who would have

Keppelite I August 2013 4 Sustaining Growth Growth

Solutions for Mexico

A s M e x i c o s e e k s t o significantly increase its production of oil and gas, Keppel FELS has been at the forefront in providing drilling solutions through its jackup rigs. It recently secured its 12th order for Mexico since 2010 and delivered its third jackup since 2012. The yard also celebrated milestones for four Mexican rigs recently, marking the good progress made on the projects.

New order On 2 August 2013, Keppel FELS secured a contract to build a KFELS B Class jackup rig for US$206 million from Parden Holding, a company based in Uruguay.

Scheduled for delivery in 4Q 2015, the jackup rig is intended for operations in offshore Mexico. It will be built to Keppel’s award- winning KFELS B Class design and customised to Parden Holding’s requirements.

This contract brings the total number of KFELS B Class jackup rigs ordered for the Mexican market since 2010 to 12. It is also the 66th KFELS B Class jackup rig ordered since 2000.

When completed, it will operate in water depths of up to 400 feet and drill to depths of up to 30,000 feet and include accommodation LA SANTA MARIA is the first of two KFELS B Class jackup rigs Keppel FELS is delivering to Mexican customer CP LATINA and the third of twelve for up to 150 persons. to be delivered for the Mexican market since 2012

Keppelite I August 2013 Sustaining Growth 5

First delivery for CP is building for CP LATINA. third such rig Keppel FELS portfolio, the acquisition of LATINA The second rig is scheduled has delivered to Mexican two such rigs is a strong base On the same day, Keppel FELS to be delivered in 4Q 2013. customers since 2012. With for us to establish a foothold also delivered a KFELS B Class another nine on order, we in the Mexican offshore jackup rig, to Constructora Mr Wong Kok Seng, are well placed to be the market. We are confident y Perforadora LATINA (CP MD (Offshore) of Keppel leading provider of offshore that the second rig Keppel LATINA), a private Mexican Offshore & Marine and MD drilling solutions for the is building for us will be company in the energy of Keppel FELS, said, “This Mexican market.” delivered just as efficiently, sector. on-time and safe delivery enabling us to meet the is a demonstration of the Mr Santiago del Valle Toca, demands of the market.” The rig was named LA SANTA win-win partnership we Chairman of CP LATINA, MARIA at a ceremony in have developed with our added, “We chose the KFELS Keppel FELS recently delivered Keppel FELS. Delivered on new customer CP LATINA. B Class for its excellent track two similar rigs to Mexican time and with a perfect safety We are glad that they have record, strong capabilities customer Oro Negro while record, it will be chartered to chosen the KFELS B Class as and cost-efficiencies. We sister yard, Keppel AmFELS in PEMEX, Mexico’s national oil their first two jackup rigs. were also looking for a rig Brownsville, Texas, delivered company, for deployment in The premier rig of its class, that could be delivered to a jackup rig to Perforadora offshore Mexico. the KFELS B Class has a our timeline and this early Central in April 2013 with proven track record in the delivery has shown that another due for delivery in LA SANTA MARIA is the first Gulf of Mexico. Keppel FELS is the right 1Q 2014. of two high-specification partner for us. As we look to jackup rigs that Keppel FELS “LA SANTA MARIA is the expand our drilling services Continues on page 6...

The board and management of Keppel Offshore & Marine and CP LATINA celebrate the naming of LA SANTA MARIA, in the presence of Lady Sponsor Mrs Rosario Toca de Del Valle (second row, centre)

Keppelite I August 2013 6 Sustaining Growth

...continued from page 5.

Milestone steel ceremony, reflecting from PEMEX and Keppel Mr Ting Shing Mau, Project celebrations the excellent progress of FELS led by Mr Antonio Manager, Keppel FELS.

Deepening the partnership the project. Celebrating the Vargas Cardenas, Project keppelite between Keppel FELS and milestone were the teams Manager of PEMEX and its Mexican customers, the yard marked milestone ceremonies of four Mexican rigs.

Grupo R’s first three jackup rigs – Cantarell I, Cantarell II and Cantarell III – held their strike steel ceremonies at the same time on 1 July 2013. The rigs are being built simultaneously and will be able to leverage shared resources for improved efficiency. They are scheduled for delivery between 2Q to 4Q 2015. Grupo R is also building another two rigs with Keppel for delivery in 4Q 2015.

N o t w i t h s t a n d i n g their different cultural backgrounds, the teams Cutting steel to mark the start of the construction of the first three Grupo R jackup rigs are Mr Chow Yew Yuen (third from left), CEO-designate from Grupo R and Keppel and COO of Keppel O&M with Mr Jorge Witte (seated), Project Director of Grupo R, Ms Wong Xin Yi (back row, second from right), Project have bonded quickly, Manager, Keppel FELS and Mr Roy Tan (back row, first from right), Project Manager, Keppel FELS sharing the same goal of achieving on-time and zero-incident delivery.

Witnessing the ceremony was Mr Chow Yew Yuen, CEO-designate and COO, Keppel Offshore & Marine, and Mr Jorge Witte, Project Director of Grupo R.

On 15 July, another Mexican jackup rig, Kukulkan, had a keel-laying ceremony. The rig is the second of two being built for Mexican national oil company, PEMEX.

Representatives from Keppel, PEMEX and GL Noble Denton marked the keel-laying ceremony of Kukulkan. Present at the ceremony were The keel-laying comes just Mr Ting Shing Mau (third from left), Project Manager, Keppel FELS, Mr Antonio Vargas Cardenas (fifth from right), Project Manager of PEMEX, two months after its strike and Mr Ognian Todorov (second from right), Project Director of GL Noble Denton

Keppelite I August 2013 Sustaining Growth 7

Global service

Keppel Offshore & Marine’s Keppel O&M, said, “Besides wherever they are.” the hull, inspection of spud (Keppel O&M) service to its newbuilding projects, our cans, renewal of anodes and customers includes repairs, yards are constantly kept In Singapore, Keppel FELS installation of dock plugs, upgrades and modification busy with repairs and is undertaking the upgrade among other things.The wherever it operates. In upgrades as well. The work of the semi ENSCO 5005. rig will also have its drilling August, Keppel FELS and is complementary and we Work on the semi includes equipment upgraded and is Keppel Verolme secured are pleased to be able to upgrading major systems, expected to be delivered by upgrade and repair contracts regularly service our long- machinery spaces, drill floor, 4Q 2013. totalling about S$100 million standing customers like derrick and living quarters as from repeat customers. Ensco, Rowan and Saipem. well as the renewal of steel Keppel Verolme is also Repair and modification and piping systems. The completing a full SPS Keppel FELS in Singapore projects usually require quick entire semi and its tanks will programme for Saipem is undertaking the upgrade turnovers and we have the also be painted. The project on the semi Scarabeo 5. and modification of a expertise, versatility and is scheduled for completion The yard’s scope of work semisubmersible (semi) for capacity to undertake a in 1Q 2014. comprises the overhaul of Ensco while Keppel Verolme variety of work for a wide the thrusters and all anchor is upgrading a jackup rig for range of rigs. Over in the Netherlands, winches, upgrading of Rowan and repairing a semi Keppel Verolme is conducting the top drive and various for Saipem. “In addition, our global a special periodic survey (SPS) modification and repairs. network of yards enables on the jackup rig, Rowan Scarabeo 5 is scheduled for Mr Chow Yew Yuen, CEO- us to meet the needs of Gorilla VI, for Rowan Drilling. delivery in September 2013. designate and COO of our international clientele This includes painting of keppelite

Rowan Gorilla VI being towed into Keppel Verolme

Keppelite I August 2013 8 Sustaining Growth

Corporate excellence

The Keppel Group swept governance and transparency-related accolades like Best Managed Board, Best Annual Report and Best Investor Relations at the Singapore Corporate Awards 2013

Keppel Group’s continuous coordinator to ensure that to recognise corporations in good governance and

efforts to uphold sound the board performance that exemplify and lead transparency. keppelite corporate governance, assessments are carried effective investor relations and out promptly and fairly, to transparent disclosure have maintain an effective and been honoured at the annual robust board. Singapore Corporate Awards. Singapore Corporate The Group garnered five For the Best Annual Report accolades for Best Managed category, the Group clinched Awards 2013 Board, Best Investor Relations three awards, a result of and Best Annual Report at efforts put in to ensure clarity Keppel Corporation Best Annual Report – Silver the awards ceremony on and relevance of content Best Managed Board – Bronze 7 August 2013. as well as readability in the For Market Capitalisation of $1 Billion and presentation. Above category Keppel Corporation’s 11-member board was Keppel Telecommunications Keppel Telecommunications & named the Best Managed & Transportation (Keppel Transportation Board (Bronze) among T&T) also clinched the Best Best Annual Report – Gold Singapore-listed companies Investor Relations (Silver) Best Investor Relations – Silver with market capitalisation Award. For Market Capitalisation of $300 Million to Less than of $1 billion and above. On $1 Billion category top of having a majority of The Singapore Corporate Keppel REIT Management independent directors on its Awards is jointly organised Best Annual Report – Gold board, the company also has by The Business Times For REITS & Business Trusts category an appointed independent and Singapore Exchange

Keppelite I August 2013 Sustaining Growth 9

The spirit beyond the letter

Highlighting the real- on its assumptions and WLF: We have an established the company’s business life perspective and proposals. framework of management strategy, outlook and benchmarks for good controls, which guides the performance. Keppel T&T g o v e r n a n c e a n d BT: How should a board Group in ensuring that it has also been publishing its transparency, The Business maintain a balance between has adequate and effective own Sustainability Report Times interviewed the playing an independent role internal controls in place. At in accordance with the Singapore Corporate and also being a strategic the business-unit level, these Global Reporting Initiative Awards winners, partner to management? policies and measures include (GRI) framework since i n c l u d i n g K e p p e l self-assessment exercises, as 2011. The report discloses Corporation and Keppel WLF: To be effective in well as independent reviews our sustainability strategy Telecommunications & discharging its duties and to by both internal and external as well as our economic, Transportation (Keppel serve as a strategic partner to auditors. environmental and social T&T). Keppelite reproduces management, the board also performance. excerpts of the interview. needs to have strong and EFFECTIVE INVESTOR independent directors who RELATIONS BT: With the proliferation STRONG STEWARDSHIP can take a broader view of BT: How does your company of online forums, how can BT: What do you believe the company’s activities, and help investors to understand companies keep track and are the key qualities of a offer impartial opinions. your business better, exert some influence over well-managed board? beyond minimum reporting the message that investors BT: In a complex corporate requirements? get about their business? WLF: A well-managed structure, how does the board should comprise board ensure that smaller PHH: Senior management PHH: While we cannot members who engage units within the Group holds face-to-face meetings comment on rumours, in open and constructive a d h e r e t o c o r p o r a t e and conference calls for we provide easy access debate, as well as governance guidelines and the investing community for shareholders to verify challenge management best practices? to better communicate information directly with us through platforms such as the Annual General Meeting, investor meetings, phone calls and emails. We also make it a point to ensure that our disclosure at meetings and across our established communications channels is kept in line with public information.

BT – Business Times

WLF – Ms Wang Look Fung, Director, Group Corporate Affairs, Keppel Corporation

PHH – Mr Pang Hee Hon, Keppel regularly organises site visits for its independent and non-executive directors to have a better understanding of its businesses CEO, Keppel T&T

Keppelite I August 2013 10 Sustaining Growth

Safety honours

The Group won 32 Workplace Safety & Health Awards, with Keppel FELS clinching 15 SHARP awards in recognition of its excellent safety record on its newbuild projects

Receiving strong affirmation (Keppel O&M) clinched 26 title of WSH Developer for the specialised shipbuilding for its continued drive and awards in the Safety and its efforts in ensuring good arm of Keppel O&M, also performance in safety, the Health Award Recognition safety and health practices continued its win in this Group scooped up a total for Projects (SHARP) among its contractors. The category, having netted of 32 Workplace Safety category in recognition of company has achieved this award every year since & Health (WSH) Awards a perfect safety record on this award for two years 2009. conferred by the WSH its newbuild and conversion running. Council and Singapore’s projects. The WSH Risk Management Ministry of Manpower on Business units under Keppel’s Award was won by Prime 30 July 2013. A project supervisor from infrastructure division, Steelkit for its effective Keppel FELS was also lauded Keppel FMO and Keppel risk management This is the highest number for his exemplary safety DHCS, took home the WSH implementation to enhance of safety awards achieved by leadership over workers Performance (Silver) awards safety and health performance a single organisation at this under his charge. for their sound safety and in its organisation. year’s awards. health management systems Keppel Land, the property for the third consecutive Mr Tong Chong Heong, Keppel Offshore & Marine arm of Keppel, retained its year. Keppel Singmarine, S e n i o r E D o f K e p p e l

Keppelite I August 2013 Sustaining Growth 11

Corporation and CEO of Keppel continues to work WSH Award Winners 2013 Keppel O&M, said, “At closely with its customers Keppel, safety is a core value. and contractors to ensure Company Project We work relentlessly to that the Group achieves enhance our work practices, sterling safety performances WSH SHARP Award safety management systems and upholds the highest 1 Keppel FELS Project B329 Ensco 120 and platforms to share safety standards of safety across its 2 Keppel FELS Project B330 Ensco 121 3 Keppel FELS Project B323 Discovery Resilience lessons and innovations. business units. 4 Keppel FELS Project B333 HAKURYU-11 5 Keppel FELS Project B322 Discovery Triumph “We are very encouraged by The 32 awards earned 6 Keppel FELS Project B331 Maersk MSC WSH Council’s recognition by Keppel this year are CJ70-X150MD of the safety efforts and reflective of the strong safety 7 Keppel FELS Project B336 Laurus performance across our culture across the Group as 8 Keppel FELS Project B341 Qatar 2022 Group. Working with the it continues to grow and 9 Keppel FELS Project B334 Dynamic Vision government, our business expand its business in the 10 Keppel FELS Project B344 West Esperenza partners and our customers, global marketplace. keppelite 11 Keppel FELS Project B345 AOD III we will continue to strive 12 Keppel FELS Project B321 AOD II towards building and 13 Keppel FELS Project B326 Transocean Siam Driller sustaining an incident-free 14 Keppel FELS Project B327 work environment.” Transocean Andaman 15 Keppel FELS Project B335 Transocean Ao Thai 16 Keppel Shipyard Armada Sterling 17 Keppel Shipyard N’GOMA FPSO 18 Keppel Shipyard FPSO OSX2 19 Keppel Shipyard FSO Massongo 20 Keppel Shipyard Castorone 21 Keppel Shipyard FPSO Cidade De Anchieta 22 Keppel Shipyard FPSO Berantai 23 Keppel Shipyard FPSO Cidade De Paraty 24 Keppel Singmarine SBM Installer 25 Keppel Singmarine H-368 26 Keppel Singmarine H-367

WSH Performance (Silver) Award 27 Keppel Singmarine 28 Keppel FMO 29 Keppel DHCS

WSH Developers Award 30 Keppel Land Ocean Financial Centre Phase 2 (Obayashi-Woh Hup JV) Marina Bay Suites Residences (Woh Hup) Lakefront Residences (Woh Hup)

WSH AWARDS FOR SUPERVISORS 31 Keppel FELS Satya Ranjan Das Biswa Nath Das

WSH Risk Management Award 32 Prime Steelkit Mr Goh Han Kee, Deputy GM, Projects at Keppel Land (right), receives the WSH Developer Award from Dr Amy Khor (left), Minister of State, Ministry of Health and Ministry of Manpower

Keppelite I August 2013 12 Sustaining Growth

Successful conversions

With strong mutual trust Ministry of Manpower. FPSO Storage and Offloading (FSO) installation of new machinery, and rapport between Keppel OSX-2 was one of eight unit, FSO Mayumba, for the mooring structures and a Shipyard, SBM Offshore Keppel Shipyard projects to Perenco Group (Perenco). helicopter deck as well as and OSX Brasil S.A. (OSX), be conferred the Safety and The vessel left the yard on tank coating works. the Floating Production Health Award Recognition 31 July 2013. Storage and Offloading for Projects (SHARP) Award FSO Mayumba is the fourth (FPSO) project, FPSO OSX- (see story on page 10). For this project, Keppel conversion project that 2, has been a successful S h i p y a r d u n d e r t o o k Keppel Shipyard has carried collaboration. Keppel Shipyard also recently r e f u r b i s h m e n t a n d out for Perenco. Last year, the completed the conversion life extension works, yard successfully delivered

The vessel was named on of a tanker to a Floating accommodation upgrading, FSO Massongo. keppelite 27 July 2013 at Keppel Shipyard by Lady Sponsor Mrs Silvia Latorre, Engineering Manager of FPSO OSX-2.

Working closely together to implement and enhance safety systems, the project teams for FPSO OSX-2 achieved a commendable safety record for the project.

Indeed, the outstanding safety efforts of the team have been recognised by

Singapore’s Workplace Safety Celebrating the naming of the FPSO OSX-2 were (first row, L-R) Mr Tong Chong Heong, CEO of Keppel Offshore & Marine, Mrs Silvia Latorre, and Health Council and the Engineering Manager of FPSO OSX-2. Mr Michael Chia, MD (Marine) of Keppel O&M, and Mr Giuseppe Stani, MD of SBM Monaco

FSO Mayumba is the fourth conversion project that Keppel Shipyard has carried out for Perenco

Keppelite I August 2013 Sustaining Growth 13

Perfect 10

Shaking hands on a strong partnership were Mr Prayudh Mahagitsiri (fourth from left), AOD Honorary Chairman and Chairman of PM Group, and Mr Wong Kok Seng (fifth from right), MD (Offshore) of Keppel O&M and MD of Keppel FELS, in the presence of Mr Tong Chong Heong (fifth from left), CEO of Keppel O&M, and Mr Chow Yew Yuen (fourth from right), CEO-designate and COO of Keppel O&M

Keppel FELS delivered its It has been chartered on a maximum uptime with three rigs consecutively 10th KFELS B Class rig of three-year contract. reduced emissions and has enabled us to increase the year to Asia Offshore discharges. It incorporates efficiency and productivity. Drilling (AOD) – which Pete England of Seadrill Keppel’s advanced and fully- Through these projects, is majority owned and Projects said, “We are automated high capacity we have fostered a strong managed by Seadrill Limited pleased to take delivery rack and pinion elevating partnership with AOD, and an associate company of AOD III from KFELS. In system, and Self-Positioning enabling us to better of Mermaid Maritime. a busy year for KFELS the Fixation System. understand their needs rig has been delivered on and consistently deliver on The jackup rig, named time. This is testament to AOD’s KFELS B Class rigs our promises. AOD III, was delivered the good teamwork with are able to operate in water on 15 July 2013 on time, Keppel and to their strong depths of 400 feet, drilling “We are glad to be able on budget and with an execution capabilities. depth of up to 30,000 feet to support AOD and look unblemished safety record. and accommodate up to forward to helping them Developed by Keppel’s 150 men. build up their rig fleet.”

AOD III will join sister technology arm, Offshore keppelite rigs, AOD I and AOD II, Technology Development, Mr Marlin Khiew, Senior for deployment for Saudi the KFELS B Class jackup Project Manager of Keppel Aramco in the Middle East. is designed to provide FELS, said, “Building

Keppelite I August 2013 14 Sustaining Growth

Chinese links

Building relations During the meeting, Mayor Land remains committed Investment Group and Keppel welcomed Mr Yang Yang shared on Shandong’s to meet China’s rising Licheng District Government Luyu, Mayor of Jinan economy and culture, as urbanisation needs and will to jointly explore smart eco- Municipal Government, well as how Jinan, capital of continue to grow its presence cities in the Xueshan area. Shandong Province, and his Shandong, has been outlined in key cities. 21-man delegation when in government plans as the China ties they visited Singapore on centre of a capital cluster The meeting also saw Keppel Committed to fostering 30 July 2013. in the province, which will Land China and Sino Sing stronger relationships with its comprise seven cities and Alpha sign a Memorandum partners from China, Keppel Mayor Yang was hosted by a population of 34 million. of Understanding with the Telecommunications and Mr Choo Chiau Beng , CEO Mr Choo said that Keppel Jinan City Construction Transportation (Keppel T&T) of Keppel Corporation and played host to delegations Chairman of Keppel Land; during their recent visits to Mr Teo Soon Hoe, Senior Singapore. ED of Keppel Corporation; Mr Ang Wee Gee, CEO of Reinforcing ties with its joint Keppel Land; Mr Ho Cheok venture partner for the Keppel Kong, President of Keppel Wanjiang International Cold Land China; Mr Eric Goh, Chain Logistics Park in CEO of Alpha Investment Lu’an City, Anhui Province, Partners China (Alpha); China, Keppel T&T, led by Mr Wang Feng, Co-Chair its Chairman Mr Teo Soon of Sino Sing Alpha Ltd, Hoe, welcomed the Lu’An Alpha’s joint venture in Government and Anhui China; and other Keppel Zhuxin Group on a tour of senior management at the company’s operations on the picturesque Marina at Chairman of Keppel T&T and Senior ED of Keppel Corporation Mr Teo Soon Hoe (right) 6 August 2013. presented a token of appreciation to Lu’an Party Secretary Mr Sun Yunfei Keppel Bay. The delegation, which included Lu’an Party Secretary Mr Sun Yunfei, also visited Keppel’s iconic waterfront development, Reflections at Keppel Bay, where a lunch reception was held at the clubhouse.

At another delegation visit on 7 August 2013, Keppel T&T hosted a lunch reception for Jilin City Vice Mayor Mr Fang Liqun, during which a lively and fruitful discussion on the ongoing Jilin Sino-Singapore Food Zone International Mr Yang Luyu (second from left), Mayor of Jinan Municipal Government, with Mr Choo Chiau Beng (second from right), CEO of Keppel Corporation and Chairman of Keppel Land, Mr Ang Wee Gee (far left), CEO of Keppel Land, and Mr Wang Feng (far right), Co-Chair of Logistics Park project took Sino Sing Alpha Ltd, visited Marina at Keppel Bay and other premium residential and commercial developments by Keppel Land place. keppelite

Keppelite I August 2013 Sustaining Growth 15

Eco-City progressing on track

Sitting on what used to have moved into Tianjin Mr Lim also called on Co., Ltd. – in its role as the be barren land, the Sino- Eco-City and over Mr Yuan Tongli, Secretary master developer for Tianjin

Singapore Tianjin Eco- 9 0 0 c o m p a n i e s h a v e of the Communist Party of Eco-City. keppelite City (Tianjin Eco-City), the registered in the city, China Tianjin Binhai New landmark bilateral project providing a range of jobs Area District Committee. between Singapore and for the residents. Both parties affirmed the China, is making good progress of the Tianjin progress. This was reaffirmed During the tour, Mr Lim Eco-City and resolved to work during a visit by Mr Benny visited several iconic projects towards realising Tianjin Eco- Renewing Lim, Singapore’s Permanent including the National City’s vision. ties Secretary for the Ministry of Animation Industry Park, National Development on Eco-Business Park, the public The Keppel Group leads the A n e i g h t - p e r s o n 24 July 2013. housing project, the Qingjing Singapore consortium and delegation from Tianjin, Lake and the Keppel Tianjin works in close tandem with its led by Mr Li Bin, Deputy Five years after its Showcase, where he was Chinese consortium partner, GM of TECID, called on groundbreaking, Tianjin briefed on Seasons Park and Tianjin Eco-City Investment the Keppel Group on Eco-City has completed the Seasons Garden, the first and and Development Co., 7 August 2013 and construction of its Start-Up second phases of Keppel’s Ltd. (TECID), to guide their was warmly received by Area, with the eco-friendly residential developments 50-50 joint venture – Sino- Mr Teo Soon Hoe, industries taking shape. To in its 36.6-ha site in Singapore Tianjin Eco-City Senior ED of Keppel date, close to 5,000 people Tianjin Eco-City. Investment and Development Corporation.

The delegation was given an overview of the Group’s businesses, and gained insights into Keppel’s property d e v e l o p m e n t a n d facilities management capabilities executed through Keppel Land and Keppel FMO. Both parties also exchanged views on the fruitful collaboration on the Tianjin Eco-City project, and looked forward to progressing together.

The delegation visited K e p p e l ’s h a l l m a r k properties – Reflections at Keppel Bay, Corals at Keppel Bay and Marina

Mr Benny Lim, Permanent Secretary of Singapore’s Ministry of National Development (second from left), Bay Financial Centre. visited Tianjin Eco-City on 24 July 2013

Keppelite I August 2013 16 Sustaining Growth

Keeping ahead in finance

The last global financial crisis managers with the changes, and measurements of Meanwhile, internal control and corporate scandals in while equipping them with financial instruments, as concepts were given a new recent years have triggered complementary skills to do well as accounting for joint hue through a witty video reviews on financial their jobs well. arrangements and hedging, case study and game show – reporting. International among other areas. a joint effort by finance and accounting standards K e p p e l ’s a s s u r a n c e internal audit colleagues. relating to consolidation, consultant, PWC, provided In keeping with Keppel’s fair value measurement a comprehensive overview of emphasis on holistic This year’s Keppel Group and financial instruments, the revisions relevant to the training and development, Finance Seminar drew over for instance, are being Group. Guidance was given on PWC also conducted a 200 participants, including updated to make financial the consolidation of financial clinic on behavioural and the board directors of various

reporting more transparent statements, classification interpersonal techniques. Keppel companies. keppelite and comparable across the board.

As a multi-business and multi-national conglomerate, Keppel needs to keep abreast of the developments in accounting standards, and consider the implications on business operations. The annual Keppel Group Finance Seminar, held on 19 August 2013 at Orchard Hotel, was a timely platform to align Keppel’s finance Interactive workshops and group activities added a twist to the annual Keppel Group Finance Seminar, which seeks to equip Keppel’s finance managers with knowledge and skills to do their jobs well

Setting the tone Keppel Corporation’s CEO-designate and CFO, Mr Loh Chin Hua, expounded the Group’s direction for corporate governance, internal controls and talent development at the recent Keppel Group Finance Seminar. Keppelite reproduces his speech.

Good morning Chairman, of Keppel in four segments of Keppel FELS, Simon Lee of a timely reminder of how far directors, Keppelites and at intervals during today’s BrasFELS and Luo Shitian of we have come as a company. friends from PWC who are seminar. The story of Keppel Keppel Land. Importantly, it reminds us of assisting us for this Keppel was featured during our our roots and how we have Group Finance Seminar. 45th Anniversary Gala dinner Guests have described overcome many adversities together with the recounting the evening as special and along the way to become We will be playing the story of lives in Keppel by TK Seow inspiring. For Keppelites, it is what we are today – a multi-

Keppelite I August 2013 Sustaining Growth 17

constantly reviewed and expanded roles, our finance improved to ensure control teams must upgrade their effectiveness and to bridge existing competencies and any control gaps. develop new capabilities. Strong interpersonal and A sound system of controls communication skills are and risk management is some of the enablers for dependent on people doing finance to bolster its role the right thing. Even as in influencing strategic management sets the right decisions and be a better tone at the top, all Keppelites partner to the business At the Keppel Group Finance Seminar, Keppel Corporation’s CEO-designate and CFO, Mr Loh Chin Hua emphasised the important roles finance officers play in the exercise of must be vigilant in watching leaders. stewardship over the companies they are responsible for out for potential risks in their work and take ownership of I am pleased to note that business global company our financial reporting, as the controls in the day-to-day Keppel has recently joined and a flag-bearer and trail- well as ensuring that we have operations. the Singapore Qualification blazer for Singapore. We an adequate and effective Programme (Singapore QP) are all proud to be part of system of risk management Control Self Assessment is as one of the first Accredited an organisation that has and controls. being rolled out as a key Training Organisations (see grown up side-by-side with component in our system of page 37). The Singapore Singapore. In recent years, the management controls. This is QP is Singapore’s very own accounting landscape has an important element of our internationally recognised Since the announcement of been significantly altered control assurance and l would Certified Public Accountant the leadership succession by the overhaul of certain encourage everyone, both professional programme. in Group, there have been accounting standards. There finance as well as business Our pioneer batch of questions from shareholders is a need to stay in touch with leaders in the Group, to fully eight candidates from and analysts on whether it the changes in accounting embrace this and make it an various business units will would signal a change in our standards. intrinsic part of our business begin the programme this business strategy. Our multi- processes. September. business approach focusing The International Accounting on offshore and marine, Standards Board has already At last year’s Finance Seminar, In closing, I would like property and infrastructure rolled out new standards we spoke of the need to to thank PWC and our has served us well, as on consolidation, fair value scale-up and skill-up the colleagues ably led by evidenced by the growth in measurement and financial finance bench strength of the Mr Paul Tan (Group profits and return on equity, instruments. More changes Group. To support the growth Controller of Keppel EVA and other financial pertaining to leases, ambitions of the Group, Corporation) and Ms Tok benchmarks. revenue recognition and finance people must step up Soo Hwa (Senior Finance hedge accounting are on the to be better partners to the M a n a g e r o f K e p p e l As directors, business leaders horizon. business leaders. The Finance Corporation), who have and finance practitioners, Managers Development put in their time and we all have an important The global financial crisis Programme (FMDP) was effort to prepare for these part to play in the exercise has illustrated the perils rolled out to identify, train presentations. I hope that of stewardship over the of corporate governance and develop finance talent all participants will have a companies we are responsible lapses, and underscored within the Group. Shared fruitful and enjoyable time for. We have to continue to the importance of a robust learning is an important pillar at the seminar, gaining practice strong corporate c o n t r o l s f r a m e w o r k . of our FMDP. new knowledge and governance; this includes Our Keppel system of sharing ideas with fellow improving transparency in management controls is In order to fulfil their Keppelìtes.

Keppelite I August 2013 18 Sustaining Growth

Strong start

Just mere months after Mr Au Yong Kong Seng, starting operations GM of the port, credited in April 2013, Wuhu his management and staff Sanshan Port has achieved for the achievement. He

Mr Paul Tan (right), Group Controller of Keppel Corporation, receives a GTI plaque from a commendable cargo shared, “The team at Wuhu Ms Lim Soo Hoon, Chairman, Accounting & Corporate Regulatory Authority throughput of one million Sanshan Port exemplifies tonnes. the Keppel core value of collective strength. In The port is a joint a d d i t i o n t o w o r k i n g Clear on venture between Keppel closely and understanding Telecommunications each other’s processes to and Transportation and optimise efficiency, we adhere transparency Sinotrans Ltd. Phase One to strict safety guidelines of its wharf construction to ensure an incident-free comprising two 10,000 workplace.” K e p p e l ’s e f f o r t s t o of our businesses and their deadweight tonnage continually improve its ability to create and protect (DWT) berths was Unwilling to rest on its corporate governance and shareholder value are driven completed in January this laurels, the team has already disclosure practices have by our commitment to self- year. The port is expected set a new target of achieving once again been recognised regulate and exercise best to double its throughput a cargo throughput of five in the Singapore Governance practices. to more than two million million tonnes by 2014. and Transparency Index tonnes by end-2013. keppelite (GTI) 2013. “As a Group, we have an established system of Keppel Corporation moved controls that enables each up from fourth to third place business unit to maintain high this year with 107 points while standards of governance, Keppel Land moved into the risk management and fifth spot with 104 points. transparency, in line with Keppel Telecommunications our shareholders’ interests. & Transportation was ranked We are honoured to be 15th with 83 points. The ranked among the top 20 scores for all three companies in the Governance and were improved from the Transparency Index for the previous year, reflecting fifth year running. This Keppel’s commitment recognition encourages us to raise standards in to continue to push the corporate governance and envelope in governance.” transparency. The Singapore GTI, now in Mr Loh Chin Hua, CEO- its fifth year, is organised designate and CFO of annually by Certified Having been in operation for less than five months, Wuhu Sanshan port has already achieved a commendable cargo throughput of one million tonnes Keppel Corporation, said, Practising Accountants “Corporate governance is Australia, National University vital to business confidence. of Singapore Business School At Keppel, we believe that and The Business Times.

the long-term sustainability keppelite

Keppelite I August 2013 Celebrating 45 years

Everyone loves a good story. Keppel told its growth story which tugged at heartstrings of Keppelites, present and evergreen, as well as 700 guests, not to mention those of Guest of Honour, President Tony Tan and his wife Mrs Mary Tan, at a grand gala event held at the Shangri-La Hotel on 6 August 2013.

Continues on page 20... 20 Celebrating 45 years

Guest of Honour President Tony Tan, together with Keppel Corporation’s board of directors and senior management, raised a toast to more successful years ahead for Keppel. (From L-R, front row) Senior ED of Keppel Corporation Mr Teo Soon Hoe; CEO of Keppel Corporation Mr Choo Chiau Beng; President Tony Tan; Chairman of Keppel Corporation Dr Lee Boon Yang; board director of Keppel Corporation Mr Tony Chew; Senior ED of Keppel Corporation and CEO of Keppel Offshore & Marine Mr Tong Chong Heong (From L-R, back row) CEO-designate and CFO of Keppel Corporation Mr Loh Chin Hua; board directors of Keppel Corporation Mr Danny Teoh, Mr Tow Heng Tan, Mrs Oon Kum Loon, Mr Alvin Yeo and Mr Tan Puay Chiang; CEO-designate and COO of Keppel Offshore & Marine Mr Chow Yew Yuen Shaping the future – 45 years and beyond

The anniversary celebrations on the Stock Exchange of In his speech at the gala and shareholder interests marked a significant Singapore in 1980 and its dinner, Mr Choo Chiau Beng, and mindful of our milestone in Keppel’s growth market capitalisation then CEO of Keppel Corporation, commitment to create and journey. With history tracing was $396 million. Today, said, “In our businesses, we grow value.” back to 1859, Keppel grew its market capitalisation had many ups and downs from a small ship repair yard has grown to almost especially in the offshore Mr Choo shared that Keppel inaugurated in 1968 into a $19 billion. The company’s and marine and property owed its success to the world-class solutions provider full year revenue and net cycles and we had to make development and growth of for the offshore and marine, profit have risen from about some difficult decisions – Singapore and to the strong sustainable environment and $723 million and $87 million restructuring, write-downs support from shareholders, urban living industries. in 1981 to $13.9 billion and divestments. Through board of directors, customers, and $1.9 billion respectively them all, we have always business partners, unions Keppel was listed as a shipyard in 2012. been careful about employee and Keppelites.

Keppelite I August 2013 21

He paid tribute to Keppel’s chairmen, past and present, such as Mr Hon Sui Sen, Mr George Bogaars, Mr Sim Kee Boon, Mr Lim Chee Onn and Dr Lee Boon Yang as well as former CEO, Mr Chua Chor Teck. He also thanked Senior EDs Mr Teo Soon Hoe and Mr Tong Chong Heong, and the current board of directors for their support, counsel and dedication to Keppel.

Expressing confidence in the future of Keppel as the new leaders assume their roles Charity to mark Keppel’s 45th Anniversary: A new orchid, Perreiraara Tony Tan Keng Yam, was named in the President’s honour and in support next year, he said, “As we of the Needy Patients Fund under Singapore General Hospital and Keppel also made a contribution to TOUCH Young Arrows and HomeCare pass the baton on to our Assist of Changi Hospital to benefit underprivileged children and patients, in honour of all guests who attended the gala event new leaders – Loh Chin Hua, Chow Yew Yuen, Ong Tiong Guan and Ang Wee Gee – we truly value your continued support to them as they bring Keppel to the next lap of growth.”

With Singapore’s President Tony Tan gracing the occasion as Guest of Honour, the gala event was also attended by about 700 eminent guests including several ambassadors and Singapore ministers – Emeritus Senior Minister Goh Chok Tong; Ms Grace Fu, Minister in the Prime Minister’s Office, Second Minister for the Environment and Water Resources and Second Minister for Foreign Affairs as well as Mr Teo Ser Luck, Minister of State for Trade and Industry, Keppel’s key customers, business associates and industry partners.

Continues on page 24... Keppel is well-prepared for the future, having built strong foundations and identified its new leaders for a smooth transition

Keppelite I August 2013 22 Celebrating 45 years

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...continued from page 25.

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Keppel’s 45th anniversary celebrations saw over 700 guests, including dignitaries from Singapore and abroad, ESM Goh Chok Tong (photo 1 far left); Ms Grace Fu (photo 3 centre), Minister in the Prime Minister’s Office, Second Minister for the Environment and Water Resources and Second Minister for Foreign Affairs; Mr Fang Liqun (photo 2 second from left), Vice Mayor of Jilin City, Jilin Province, China; Singapore’s Ambassador Professor Tommy Koh (photo 5 far left) and Ambassador Tony Siddique (photo 5 far right); Brazilian Ambassador HE Luís Fernando de Andrade Serra (photo 6 left) and Mexican Ambassador HE Rogelio Granguillhome Morfin (photo 6 right); key customers and partners like Mr Daniel Rabun, CEO of Ensco (photo 4 centre); Mr Sun Zhugang, Vice Chairman of Sino-Singapore Jilin Food Zone Administrative Committee (photo 2 far left); and people who played key roles in shaping Keppel to what it is today, including Mr Loh Wing Siew (photo 8 right), former MD of Keppel Corporation; Mrs Jeanette Sim (photo 7 right) and Ms Sara Sim (photo 7 left), wife and granddaughter of the late Mr Sim Kee Boon, former Chairman of Keppel Corporation

Friends, business associates and valued partners extend their warm congratulations.

“Keppel has done well over your 45th anniversary. Our the future together with all having same distinct the past 45 years in creating partnership with Keppel Keppel.” K e p p e l i t e D N A a n d value for the country started in the 90’s. Since Mr Heah Soon Poh peerless culture – a and benefitting many then, Keppel had continually Assistant Chief Executive unique combination that Singaporeans. I would like expanded to provide better Officer, JTC Corporation culminates into an awe- to extend my best wishes to services. This working inspiring global success Keppel and look forward to relationship has been “ I t i s a n e n d u r i n g story.” its continued contributions to strengthened over the years relationship with Keppel Mr Seah Choo Meng Singapore’s energy sector.” through mutual trust and that I cherish. I hold in Director, Mr Chee Hong Tat understanding. high esteem all Keppelites Langdon & Seah Singapore Chief Executive, Energy all these years as they Market Authority It has been enjoyable have created not only a “I have been working closely working with Keppelites very strong presence in with Keppel Land since “JTC wishes to extend our who have ingrained in them the local market but also 1986. This has given me the heartfelt congratulations the Can-Do! spirit. We attained remarkable success privileged opportunity to to Keppel on celebrating look forward to shaping in the overseas countries, partake in the redevelopment

Keppelite I August 2013 23

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Keppel’s 45th anniversary celebrations saw over 700 guests, including dignitaries from Singapore and abroad, ESM Goh Chok Tong (photo 1 far left); Ms Grace Fu (photo 3 centre), Minister in the Prime Minister’s Office, Second Minister for the Environment and Water Resources and Second Minister for Foreign Affairs; Mr Fang Liqun (photo 2 second from left), Vice Mayor of Jilin City, Jilin Province, China; Singapore’s Ambassador Professor Tommy Koh (photo 5 far left) and Ambassador Tony Siddique (photo 5 far right); Brazilian Ambassador HE Luís Fernando de Andrade Serra (photo 6 left) and Mexican Ambassador HE Rogelio Granguillhome Morfin (photo 6 right); key customers and partners like Mr Daniel Rabun, CEO of Ensco (photo 4 centre); Mr Sun Zhugang, Vice Chairman of Sino-Singapore Jilin Food Zone Administrative Committee (photo 2 far left); and people who played key roles in shaping Keppel to what it is today, including Mr Loh Wing Siew (photo 8 right), former MD of Keppel Corporation; Mrs Jeanette Sim (photo 7 right) and Ms Sara Sim (photo 7 left), wife and granddaughter of the late Mr Sim Kee Boon, former Chairman of Keppel Corporation

of Keppel Bay, of which partner of the global industry. hand-in-hand to make our “With its solid track record t h e t r a n s f o r m a t i o n Keep it up, Keppel – you have partnership a success.” and management team, as continues in present times. made Singapore proud!” Mr Yang Jianjun well as exposure to markets In this journey, I have Mr Ng Kean Seng Chairman of Anhui Zhuxin with positive long-term experienced the passion Vice President and Country Group, Keppel’s joint fundamentals, Keppel truly of Keppelites and this has Marine Manager, Lloyd’s venture partner for Keppel does provide an attractive positively motivated us in Register of Shipping Wanjiang International investment opportunity for our continuing collaboration Cold Chain Logistics Park in shareholders.” to attain the same goals and Lu’an City, China Mr Gerald Wong vision for projects, past and “We congratulate Keppel Analyst, Credit Suisse present.” Corporation on its 45th “Re-living Keppel’s 45 years Mr Koo Tin Chew, anniversary, and we look through the videos and Vincent Managing forward to building even sharing was inspiring. The Director, DCA Architects closer relationships with story of how the company Keppel for many more years. navigated through market “It has been our privilege We have full confidence cycles to deliver long-term to be associated with the in Keppel’s track record in growth and shareholder value management and staff of delivering quality logistics sets a high benchmark for Keppel Corporation – a services and we believe that other Singapore corporates Singapore icon and trusted we will be able to work to emulate. Continues on page 24...

Keppelite I August 2013 24 Celebrating 45 years

...continued from page 21.

A gift for future Singaporeans. We hope the Mr Hsieh Fu Hua, Chairman a new generation of art generations Centre will encourage the of the National Art Gallery lovers and contribute to the To create a legacy for young to take an active said, “Keppel Corporation’s enrichment of Singapore’s nurturing a new generation of interest in the arts and exceptional generosity art landscape.” creative and critical thinkers stimulate their imagination will enable families and through art education, and creativity from an students visiting the Centre The Keppel Centre for Art K e p p e l C o r p o r a t i o n early age. to experience art in a unique Education is prominently committed $12 million to environment, designed to located on the ground the National Art Gallery in “The gift commemorates stimulate the aesthetic level of the National Art support of its centre for Keppel Corporation’s 45th and creative mind, and Gallery’s City Hall wing and art education which will be Anniversary and is in line enhance learning. We are occupies a total floor area of named the Keppel Centre for with our anniversary theme deeply grateful to them for 910 square metres. Visitors Art Education. of ‘Shaping the Future’. We their tremendous support to the Centre will encounter have been a longstanding towards broadening art artworks that are presented President Tony Tan witnessed supporter of the arts as we appreciation and look in different age-appropriate the presentation of the believe that a vibrant arts forward to working with spaces conducive for both cheque by Dr Lee Boon scene will help to forge our schools to complement active play and discovery Yang, Chairman of Keppel our national identity and their arts education with our as well as quiet and Corporation and Mr Choo strengthen community Centre’s programming.” reflective learning. Chiau Beng, CEO of Keppel ties. We are excited by the Corporation to Mr Hsieh development of the National Ms Chong Siak Ching, CEO The Centre will also offer Fu Hua, Chairman of the Art Gallery and firmly support of the National Art Gallery exciting programmes National Art Gallery and its mission to grow the arts added, “We are certain that including a regular Ms Chong Siak Ching, CEO audience and make art more the Keppel Centre for Art series of Art Education of the National Art Gallery. accessible to all.” Education will help nurture forums, presentations

An integral part of the National Art Gallery, the Keppel Centre Art Education will be the first dedicated art education facility of its kind in Singapore and the region. It is projected to engage 250,000 children, youth and families every year when it opens its doors in 2015, and will provide an immersive and creative learning environment for the young, and resources for educators and researchers.

Dr Lee Boon Yang, Chairman of Keppel Corporation, said, “We have made the donation for the Keppel Centre for Art Education to enable the National Art Gallery to President Tony Tan (centre) looks on as Mr Choo Chiau Beng, CEO of Keppel Corporation (far left) and Dr Lee Boon Yang, Chairman of Keppel inculcate an appreciation and Corporation (second from left) present Keppel’s donation of $12 million to the National Art Gallery, represented by Mr Hsieh Fu Hua, Chairman love of visual arts in young of the National Art Gallery (second from right) and its CEO, Ms Chong Siak Ching (far right)

Keppelite I August 2013 25

In the dance performance accompanying the Keppel story, the iconic “Majulah Keppel” scene was re-enacted, evoking nostalgia amongst veteran Keppelites

and exhibitions, as well as active-learning I am absolutely thrilled and honoured to share this special programmes conducted occasion with Keppel. Keppel has been an integral part by artists, curators and of Singapore’s past, and it has built Singapore’s present; museum educators. there is no doubt it will continue to shape our future. As Unfolding The Keppel a young Singaporean musician, I felt it would be symbolic story to represent, for Keppel and its guests that night, a vision It began with a march by of that future. tough men with bold visions. Maestro Darrell Ang The Keppel story was unfolded over the evening through four acts covering different significant periods of Keppel’s growth, taking the form of videos, music and sharing by Keppelites. It was not just a story of an organisation and its achievements but a celebration of a Can-Do! people who have made it all possible.

Befitting the momentuous occasion of a 45th anniversary gala, The Young Musicians’ Foundation Orchestra opened the celebrations with gusto by performing the Light Cavalry Overture composed by Franz Von Suppe, under the baton of Maestro Darrell Ang. Guests were mesmerised by performances by The Young Musicians’ Foundation Orchestra Continues on page 26...

Keppelite I August 2013 26 Celebrating 45 years

...continued from page 25.

Keppelites Seow Tiang Keng, struck a chord with guests Keppelites reaching out in clichéd as it sounds, it made Senior Manager (Electrical as they shared their community service around all the difference. It wasn’t and Instrumentation) at experience growing with the world. your regular Esplanade Keppel FELS, Simon Lee, Keppel. concert where an orchestra VP of Operations at Jun Hong later shared, manager leaves you to BrasFELS and Lua Shitian, Keppel-supported violinist, “After travelling for more 20 your holding room but one Assistant Manager with Loh Jun Hong, tugged at hours from the Swiss Alps, similar to going home to Keppel Land’s Corporate heartstrings as his music I was touched by the warm perform for friends and Development department, accompanied images of welcome from Keppel. As family.”

Keppel through their eyes

“The 60s and 70s were tough times “Through Keppel Offshore & Marine, “We shared with the villagers tips on but they were also exciting times. We I was involved in a different kind of personal hygiene – it was a simple task were first managed by the British, but work – looking out for new markets, but baby steps towards improving we locals were sure we could manage new rig owners, new oil companies to their lives. As I interacted with the our own yard as well, if not better. service and new business opportunities families, I observed that although for the group. living conditions for them were harsh, I remember our GM then, the late the villagers were happy. Chua Chor Teck, and Personnel It took me to countries such as Russia, Manager, the late Lawrence Mah Venezuela, Mexico and Brazil. Over 19 It redefined happiness for me. I feel rallying us to take charge of our years, I have worked in different parts of so much happier to give than to destiny. So in 1972, when the the world, explored different challenges receive.” management made the bold move and executed all things relating to Assistant Manager at Keppel Land not to renew the consultancy contract offshore units.” Lua Shitian, with the British, we were ready.” Simon Lee, who shared her Keppel Volunteers 72-year old Engineer who rose through the ranks from experience Seow Tiang Keng, a management trainee to VP of who joined Keppel in 1969 Operations at BrasFELS

Keppelite I August 2013 27

The last act threw the limelight on potential future Keppelites – children of Keppelites who recounted their participation in the Keppel 2013 Calendar project. As host Melissa Hyak chatted with the Keppel kids, six-year-old Owenn Phua, son of Cindy Lim, GM of Group Human Resources, Keppel Corporation, proudly declared, “When I grow up, I want to be a Keppelite!”

Watching his son, Wee Rui, who was one of the Keppel kids on stage, Wee Boon Leong, Deputy GM, Regional Investments, Keppel Land said, “For a moment, it suddenly occurred to me that my son could actually grow up to be a future Keppelite. That would be a proud moment indeed.” Keppel-supported violinist Loh Jun Hong enthralled the audience with his rendition of solos composed by Bach and Paganini

Capping the series of performances, The Young Musicians’ Foundation Orchestra brought the evening to a rousing finish with the finale of Beethoven’s Symphony No. 5. Conductor Darrell Ang shared, “I am absolutely thrilled and honoured to share this special occasion with Keppel. Keppel has been an integral part of Singapore’s past, and it has built Singapore’s present; there is no doubt it will continue to shape our future. As a young Singaporean musician, I felt it would be symbolic to represent, for Keppel and its guests that night, a vision of that future.” keppelite A peek into the future – potential future Keppelites (from left) Owenn Phua, Kritika Rajasekaran and Wee Rui, together with host Melissa Hyak

Keppelite I August 2013 28 Sustaining Growth

New tenant at 8 Chifley Square

K e p p e l R E I T w i l l b e Chambers Westgarth and floors in the building are welcoming a new office Australia’s largest general receiving active enquiries. tenant, an Australian data, insurance and reinsurance analytics and software group, QBE Insurance Group, 8 Chifley Square is jointly company, Quantium, to its in their choice of 8 Chifley owned by Keppel REIT and 8 Chifley Square property in Square as their preferred the Mirvac Group. The Sydney’s Central Business business address. 34-storey premium grade District. office building is located The ancillary retail units at the junction of Phillip The seven-year lease will on the ground floor and Street, Hunter Street and see Quantium occupy basement have also been Elizabeth Street in the heart approximately 28,000 sf fully committed, bringing of Sydney’s CBD. The tower of office space at 8 Chifley the total pre-commitment comprises approximately Square. The company joins rate for 8 Chifley Square to 206,000 sf of net

leading law firm Corrs 70%. The remaining office lettable area. keppelite

8 Chifley Square will welcome new tenant, Quantium, bringing the overall pre- commitment rate of the building to 70%

Starting service

Keppel DHCS’ district heating is Keppel’s joint venture customers. In Keppel DHCS’ harnessed to further bring and cooling services (DHCS) company that developed plant in Tianjin Eco-City, down its carbon footprint.

plant in the Sino-Singapore and operates the facility in geothermal energy is also keppelite Tianjin Eco-City (Tianjin Tianjin, said “We are pleased Eco-City) has commenced to commence services and we its supply of services to its look forward to contributing first customer on 9 August to energy efficiencies in 2013. Tianjin Eco-City as more tenants move into the Eco- Built to serve the Eco- Business Park.” Business Park in Tianjin Eco-City, the DHCS plant is DHCS uses a centralised plant currently supplying services to generate hot and chilled to Ready Built Offices No. 1, water, which are distributed which comprises four blocks to nearby buildings via a of buildings. network of pipes to supply space heating or cooling, Mr Jack Tham, GM of Tianjin depending on the season. Eco-City Keppel New Energy The centralised facility offers Development Co., Ltd, which cost and energy savings to its Keppel’s DHCS plant in the Sino-Singapore Tianjin Eco-City commenced supply of services to its first customers in the Eco-Business Park (shown above) on 9 August 2013

Keppelite I August 2013 Sustaining Growth 29

Brazil updates

BrasFELS, Keppel Offshore prompt delivery of its teams of BrasFELS were Petrobras to support its & Marine’s (Keppel O&M) services, BrasFELS continues representatives from exploration of Brazil’s vast yard in Angra dos Reis, to make steady progress Petroleo Brasileiro SA oil and gas resources. Rio de Janeiro, is a hive on all its projects, garnering (Petrobras), including Mr of activity. Amongst the commendations from its Osmond Coelho Jr., Executive Show of appreciation yard’s ongoing projects customers. Manager (Exploration Ensco’s Mr Rui Faceira, are the newbuilding of six & Production), Mr Mario Project Manager, and DSS™ 38E semisubmersible Sound progress Nigri Klein, Business Mr Gilles Norvan, (semi) drilling rigs as well On 30 July 2013, BrasFELS Development Manager, Construction Manager, as the fabrication and celebrated the strike steel and Mr Antonio Carlos Vaz called on BrasFELS yard on integration of topside ceremony for the second of Morais, Contract Manager. 24 July 2013. modules for four Floating its six DSS™ 38E units. Production Storage and The six DSS™ 38E units are The pair had overseen Offloading (FPSO) units. Marking this milestone for Sete Brasil Participações the ENSCO 6000 repair t o g e t h e r w i t h t h e S.A. (Sete Brasil). The rigs project. Receiving them Committed to safe and management and project have been chartered by at the yard were the BrasFELS management and project team.

In appreciation of BrasFELS’ excellent performance on the job, Mr Norvan presented a plaque to BrasFELS which was received by Mr Airton Rodrigues, Project Manager, on behalf of the company. Mr Wong Ngiam Jih, CFO of Keppel O&M, who was BrasFELS and Petrobras celebrate the strike steel ceremony for the second of six DSS™ 38E projects undertaken by the yard visiting BrasFELS during the period, also attended the ceremony.

ENSCO 6000 is the first semi to successfully complete emergency docking repairs on BrasFELS’ floating dock, FS-1.

Mr Faceira said “I appreciate how BrasFELS works together with clients to deliver what has been promised and I am very pleased with the commitment and dedication shown by the team in Mr Airton Rodrigues (left), Project Manager of BrasFELS, received on behalf of BrasFELS a plaque from Ensco representatives, Mr Rui Feceira their work.” keppelite (centre), Project Manager and Mr Gilles Norvan (right), Construction Manager, during their visit to the yard on 24 July 2013

Keppelite I August 2013 30 Sustaining Growth

Championing sustainability In shaping the future, Keppel Group embraces sustainability not only as a guiding principle, but on strategic and operational levels. It continues to garner recognition for its efforts towards making a difference to the long-term sustainability of communities around the world in which it operates.

CSR Win For its commitment to corporate social responsibility (CSR), Keppel Land clinched the “Most Admired ASEAN Enterprise” award in the CSR (Large Company) category at the seventh ASEAN Business Awards held in Brunei Darussalam on 20 August 2013. Receiving the award on behalf of Keppel Land was its CFO, Mr Lim Kei Hin.

Organised by the ASEAN Business Advisory Council, the award ceremony took place in conjunction with the ASEAN Business & Investment Summit.

The awards recognise Keppel Land emerged tops in services at the Singapore Environmental Achievement Awards. Receiving the award from Guest of Honour companies that have made Dr Vivian Balakrishnan (right), Singapore’s Minister for the Environment and Water Resources, on behalf of Keppel Land was its CEO significant contributions to Mr Ang Wee Gee ASEAN’s economic progress in terms of its growth, Land and Keppel DHCS the awards assess real Mr Ang Wee Gee, CEO employment, innovation and were recognised for their environmental improvements of Keppel Land, said, “As CSR. In the CSR category, commitment to environment made by companies and their a responsible developer, Keppel Land was evaluated by and social responsibility ability to lead and innovate Keppel Land is guided by independent strategic partner, a t t h e S i n g a p o r e to achieve breakthroughs our vision to be the KPMG, in the following areas Environmental Achievement i n e n v i r o n m e n t a l preferred provider of – CSR framework, adherence Awards on 22 August performance. urban living solutions. We to international guidelines, 2013. Keppel Land was the want to create sustainable as well as communication winner for services, while Keppel Land’s staunch live-work-play and implementation of CSR Keppel DHCS clinched a commitment towards e n v i r o n m e n t s i n a l l programmes. merit award in the same environmental protection o u r p r o p e r t i e s o f a category. and its comprehensive distinguishable Keppel Environmental environmental management quality. Winning this award champions Organised by the Singapore systems impressed the is a testament to our In Singapore, Keppel Environmental Council, judges. proactive approach towards

Keppelite I August 2013 Sustaining Growth 31

environmental management encouragement for us in the new Keppel DHCS plant DHCS have implemented and protection. In shaping our sustainability journey.” at Changi Business Park include a smart-building the future, Keppel Land has features one of the largest energy system as well as also set the goal of reducing The company continues photovoltaic cell installations variable speed drives for carbon emissions intensity to incorporate renewable in Singapore, with a system energy conservation and by 16% below 2010’s energy and innovative size of about 510 kilowatt- better control of process emission levels by 2020.” green technologies in its peak. Other eco-friendly equipment. keppelite operations. For instance, technologies that Keppel The LEED-Platinum certified Ocean Financial Centre, the showcase for Keppel Land’s submission, incorporates the use of energy efficient Leafy laurel fittings to ensure tenants benefit from long-term Standing by its to develop properties that enhancement efforts energy savings. This includes commitment to create support healthy eco-systems for 158 Cecil Street installation of solar panels sustainable live-work-play as well as sustain natural demonstrate that to harness energy to environments in all its resources. This is increasingly economic benefits and power the building, and properties, Keppel Land relevant as environmental social responsibility can be recycling of rainwater to be and its fund management issues dominate global aligned. The vertical green used in the hybrid chiller arm, Alpha Investment agendas and homebuyers wall within the building system to minimise power Partners (Alpha), has become eco-conscious,” said has been well-received wastage. attained the Landscape Mr Tan Swee Yiow, President by both prospective and Excellence Assessment (Singapore) at Keppel Land. existing tenants as Alpha Keppel DHCS was awarded Framework (LEAF) continues to see healthy for investing in green certification for Corals at Ms Christina Tan, MD of leasing enquiries for the technology to create Keppel Bay and 158 Cecil Alpha, added, “Our asset property.” lasting benefits for its Street respectively. stakeholders through the provision of eco-friendly Launched by the National district cooling services Parks Board, LEAF (DCS). DCS comprises an recognises development installation of a centrally projects that incorporate located chilled water plant o u t s t a n d i n g g r e e n to serve a cluster of buildings landscaping. It is the first for their air-conditioning scheme in Singapore needs. dedicated to the provision and management of Mr Joseph Ng, CEO of greenery. Mr Khaw Boon Keppel DHCS, shared, Wan, Minister for National “We have a longstanding Development, presented c o m m i t m e n t t o h i g h the LEAF certificates to nine environmental and social winning developments at a standards, and we are ceremony held at HortPark honoured to receive the on 19 August 2013. award as it acknowledges our drive to be responsible “The LEAF certification and sustainable in all for Corals at Keppel Bay aspects of our business. reaffirms our commitment 158 Cecil Street houses a seven-storey indoor green wall made up of 13,000 potted plants The award is indeed an

Keppelite I August 2013 32 Sustaining Growth

A safe township

On 19 July 2013, Tanah attended the ceremony, opening of the new Safety look for ways to ensure the Sutera Development Sdn which included sharing and Health Centre located at highest safety standards in Bhd (Tanah Sutera), the sessions and presentation the workers’ dormitory. all our operations. This new management company of awards to workers who Safety and Health Centre will of Taman Sutera, Keppel exemplified outstanding The centre houses rotating help to reinforce our message Land’s integrated township safety practices. exhibitions to provide that safety is everyone’s development in Johor, workers living onsite with business.” celebrated its achievement During the ceremony, constant reminders of safety. of two million man-hours Mr Steven Shum, GM of The exhibits include tips on In addition to safety without lost time incidents Tanah Sutera, together fire safety and the handling messages, the centre in development works on the with Deputy GMs Mr Koh of construction equipment. also hosts exhibits with 18.3-ha site. Moo Hing and Mr Soh eco-friendly themes such as Chan Aik, AGM Mr Goh Mr Goh shared, “Working the 3 R’s of Reduce, Reuse

More than 400 invited Lak Jin and Safety Manager towards a zero-incident and Recycle. keppelite guests, staff and workers Mr Lim Ping, announced the environment, we constantly

The team at Tanah Sutera reaffirms its commitment to safety in a ceremony to mark two million man-hours with zero lost time incidents, as well as the opening of a new Safety and Health Centre

Keppelite I August 2013 Sustaining Growth 33

Distinguished visitors

Keppel FELS and Keppel Given Keppel O&M’s Philippines Marine, Inc., Hosted by Mr Tong Chong Shipyard, widely recognised extensive ties to the represented Keppel O&M Heong, CEO and Mr Chow as world-class facilities in country, the company was at the event. Yew Yuen, CEO-designate their industry, played host invited to speak on its and COO of Keppel O&M, to distinguished guests from experiences in the country Canada HE Grant was given the Philippines and Canada. at the Seminar on Doing In July 2013, Keppel O&M an overview of the Business in the Philippines, was also visited by the the company’s global Philippines held on 24 July 2013 in High Commissioner of businesses and its pole Mr Loh Chin Hua, CEO- Singapore. Mr Toh Ko Canada to Singapore, position in the offshore and designate and CFO and Mr Lin, President of Keppel HE Heather Grant. marine industry. keppelite Teo Soon Hoe, Senior ED of Keppel Corporation, together with the management of Keppel Offshore & Marine (Keppel O&M), welcomed Dr Lilia de Lima, Director General (DG) of the Philippine Economic Zone Authority (PEZA), and Her Excellency (HE) Minda Calaguian- Cruz, Ambassador of the Philippines to Singapore, to Keppel O&M on 25 July 2013. The visit included a presentation and a tour of Dr Lilia de Lima (second from right), Director General (DG) of PEZA, and HE Minda Calaguian-Cruz (second from left), Ambassador of the Philippines to Singapore, were warmly welcomed at Keppel O&M by Mr Loh Chin Hua (far left), CEO-designate and CFO of Keppel Corporation, the yard. and Mr Teo Soon Hoe (far right), Senior ED of Keppel Corporation

DG Lilia de Lima is no stranger to Keppel O&M’s operations in the Philippines. Keppel Subic Shipyard has been operating in the Subic Shipyard – Special Economic Zone since 1996, while Keppel Batangas Shipyard has been operating in the Keppel Philippines Marine – Special Economic Zone since 2007.

Registered with PEZA as Export Ecozone Enterprises, Keppel Batangas Shipyard and Keppel Subic Shipyard have access to a range of fiscal Mr Tong Chong Heong (centre, left), CEO of Keppel O&M, presents More than Mettle, a commemorative book on Keppel O&M’s history and incentives in the Philippines. strategies, to the High Commissioner of Canada to Singapore, HE Heather Grant (centre, right)

Keppelite I August 2013 34 Empowering Lives Lives

The Games begin

Keppel Games 2013 opened “We organise the Games with a bang as senior for two reasons. Firstly, management from Keppel to provide an avenue for Corporation and business Keppelites to stay active units across the Group and healthy through sports popped open bottles of and games. Secondly, to champagne to a cheering allow Keppelites from the audience at the opening various business units to ceremony held on 15 August connect and bond through 2013 at Warren Golf & a common activity.” Country Club. This year’s theme for Keppel In its 11th year, Keppel Games is “Enhancing Games has been an annual Friendships, Championing affair eagerly anticipated by Excellence”, a call for Keppelites. In his opening Keppelites to build strong speech, Mr Choo Chiau Beng, bonds with fellow CEO of Keppel Corporation, Keppelites while striving for said, “It fills me with pride excellence through friendly that over the past few years, competition. Keppel Games has become very well-participated. I am Grouped into three teams – sure all of you will enjoy and Team Atlantic, Team Caspian benefit from it. and Team Pacific – sports

Team Groupings

Team Atlantic Keppel Shipyard Alpine Engineering

Team Caspian Keppel FELS Keppel Offshore & Marine Technology Centre

Team Pacific Keppel Corporation Keppel Infrastructure Keppel Singmarine Keppel Telecommunications & Transportation Keppel Land Keppel Sea Scan The three teams proudly showed their flags with Team Pacific taking the top prize for the Flag Mobile One Design Challenge

Keppelite I August 2013 Empowering Lives 35

enthusiasts from all over the Group will be raring to Score go and besting each other 60 110 120 to chalk up points for their Board teams. There are a total of As of 18 August 2013 Team Team Team 14 events with a Challenge Atlantic Caspian Pacific Trophy for each event up for grabs.

Flags of friendship commenting that it was and weather. Team Caspian reflexes. Smashing their way As part of the tradition, the perfectly suited to the theme emerged victorious and took to victory, the defending three teams proudly paraded “Enhancing Friendships, home the Golf Challenge champions, Team Pacific held their flags at the opening Championing Excellence”. Trophy. on to their Challenge Trophy ceremony of Keppel Games. once again. The top prize for the Flag Precise swings Tabletop exchanges Design Challenge went to Earlier in the day, over 70 Over at the table-tennis Keppel Games will continue Team Pacific. The judges were participants teed off at halls of the Singapore Sports until the Grand Finale event taken with the depiction of a Warren Golf and Country School on 18 August 2013, held in November. Stay tuned group of dolphins emerging Club and showcased their ferocious exchanges were for the results, or better through the waves and swings on the green as they going on as paddlers traded still, show up to cheer your leaping towards the sun, enjoyed the lovely scenery strokes with lightning-quick team on! keppelite

Mr Choo Chiau Beng (top left), CEO of Keppel Corporation opened the Keppel Games to the popping of champagne by senior management (top right). Keppelites bonded over a game on the green at the Golf Challenge (bottom left) and pitted their lightning reflexes against each other at the Table Tennis Challenge (bottom right)

Keppelite I August 2013 36 Empowering Lives

Growing with Singapore

Joining the Group in celebration of Singapore’s 48 years of independence (see July 2013 issue, page 44), Keppel FELS in Singapore and the Sino-Singapore Tianjin Eco-City Investment and Development Co., Ltd. (SSTEC) in Tianjin, China, also organised events in the month of August to commemorate the nation’s birthday. SSTEC is a 50- 50 joint venture formed by a Keppel-led Singapore consortium and a Chinese consortium for the Tianjin Eco-City, the landmark bilateral project between Singapore and China.

Keppel FELS held its National Guest-of-Honour Mr David Ong Kim Huat (front row, second from right), Member of Parliament for Jurong GRC and Advisor to Keppel FELS Day Observance Ceremony Employees Union (KFEU), joined Keppel Offshore & Marine management, KFEU Executive Committee members, as well as employees of the on 12 August 2013. Starting Keppel Pioneer yard to recite the Singapore pledge at Keppel FELS’ National Day Observance Ceremony off with a flag-raising ceremony, participants also the stories that have helped newly refurbished Eco-City Development Co., Ltd. recited the Singapore pledge. made us who we are. International Country Club (TECID) General Manager The event was attended by in the Sino-Singapore Tianjin Mr Meng Qun. Keppel Offshore & Marine “The Keppel story is very Eco-City (Tianjin Eco-City) on (Keppel O&M) management, much a Singapore story. This 8 August 2013. Speaking at the reception, Keppel FELS Employees year, Keppel celebrates its SSTEC CEO Mr Ho Tong Union (KFEU) Executive 45th anniversary. Our growth About 80 SSTEC staff and Yen took the chance to Committee members, as well has been in tandem with our Keppelites, together with thank Singaporeans within as employees of the Keppel nation’s remarkable rise.” local officials and partners the company for their Pioneer yard. gathered to celebrate the contributions to the project. The event also saw the occasion over favourite local Advisor to KFEU and Member company honouring 59 of dishes such as hokkien mee He also expressed his of Parliament for Jurong its long-serving employees and satay. gratitude to the ECAC and GRC, Mr David Ong Kim whose hard work over the the Chinese partners for Huat, graced the event as years have contributed to Joining in the festive their strong support and Guest-of-Honour. the progress of Keppel and occasion were Eco-City friendship, which have the Singapore rig-building Administrative Committee resulted in significant growth Mr Tong Chong Heong, CEO industry. (ECAC) Vice-Chairmen Mr of the project since it started of Keppel O&M, shared, “On Cui Guangzhi and Mr Yang five years ago. keppelite this occasion, we honour Over in Tianjin, SSTEC held Zhize, as well as Tianjin 48 years of Singapore and a reception at Keppel’s Eco-City Investment and

Keppelite I August 2013 Empowering Lives 37

Count on learning

Keppel Corporation is the Singapore QP and this was With rigorous finance Corporation said, “I seized first corporation to sign formalised in a signing with and control systems, and this opportunity to participate training agreements with the company on 24 July operations in more than in Singapore QP as I do not candidates of the Singapore 2013, witnessed by senior 30 countries, Keppel practise accounting on a Qualification Programme management of Keppel Corporation is able to provide daily basis but am keen to (Singapore QP), allowing Corporation. Singapore QP candidates the strengthen my technical candidates undergoing practical work experience as knowledge. the programme to fulfil The Singapore QP provides well as exposure to overseas the practical experience a pathway for individuals accounting and finance “As the pioneer batch of component of the programme from accounting as well as practices. Singapore QP candidates, with the company. Five non-related backgrounds to we are excited to start the Keppelites from various attain a globally-recognised Sharing on his motivation ball rolling and be good finance functions across professional accreditation for taking the Singapore QP, examples so that more the Group were selected as a Chartered Accountant Tan Pi Li, Assistant Manager Keppelites will follow our by management for the of Singapore. of Group Tax in Keppel footsteps.” keppelite Inspiring education

The annual Keppel Credit Union (KCU) Book Prize was held on 10 August 2013 at SAFRA Jurong, where awards were presented to 33 children of KCU members for their good performance in their studies.

In an inspiring opening speech by Professor Bernard Tan, Chairman of KCU, the recipients were reminded to hold steadfast in the face of difficulty. Making reference to Singapore’s Paralympics The annual KCU Book Prize was held on 10 August 2013, where 33 young recipients received cash rewards presented by Professor Bernard Tan (in tie), Chairman of KCU equestrienne Laurentia Tan, who was also one of the performers at the National Can-Do! spirit within each book prizes with values from Madam Jasmine A Ranee, Day Parade, he shared, and every one of you.” $200 to $1,000, depending an administrative officer at “Despite her disabilities, on their education levels. Keppel FELS, said, “I am she unleashed her fullest The award recipients, encouraged by this award potential and reached for ranging between primary One of the recipients, which will spur me on to do the stars, a shining example school students to university Ms Shireen Cindy Koh, better in my studies.” keppelite which I hope will spark the undergraduates, received who is the daughter of

Keppelite I August 2013 38 Empowering Lives

Engaging talent

Senior management were keen to hear from the young leaders on what keeps them motivated

With people as its most held on 3 July 2013 and and Mr Chee Jin Kiong, able to better understand valuable asset, Keppel Group 1 August 2013, a total Director, GHR, at Keppel the aspirations as well as is committed to nurturing its of 30 young leaders from Corporation. challenges these young talent pool and broadening across the Group shared leaders faced at work. staff engagement their views with senior The two main topics of through initiatives such as management, including discussion were, “What In return, they offered TalenTime. Mr Choo Chiau Beng, CEO would be the one drastic advice for a fulfilling career: of Keppel Corporation, change you would like to be unafraid of facing Organised by Group Human Mr Teo Soon Hoe and introduced at the workplace, challenges and making Resources (GHR), TalenTime Mr Tong Chong Heong, given the chance?” and mistakes, and to harness serves as another platform Senior EDs of Keppel “What is your biggest their passion to scale greater

for open communication Corporation, Mr Chow Yew motivation to come to work heights in life. keppelite between young leaders and Yuen, CEO-designate and daily?” senior management. COO of Keppel Offshore and Marine, Dr Ong Tiong Guan, Through the conversations, During the recent sessions CEO of Keppel Infrastructure senior management were Sharing on sailing

On 29 July 2013, Keppel The event was led by Among the attendees of my knowledge to my Bay Sailing Academy (KBSA) Mr Richard Falk, Training were Tan Thong Meng, students and clients.” played host to a select Manager of the RYA and Principal of KBSA and group of internationally- former Principal of KBSA, Lynnette Leong, Chief Set against a backdrop acclaimed sailing instructors and was held to facilitate Instructor of KBSA. of unobstructed views of hailing from leading sailing participants’ sharing and multi-million dollar yachts, schools in the region during learning from each other’s Tan Thong Meng said, Keppel’s award winning the annual Royal Yachting experiences and challenges “Through sharing sessions marina was the perfect Association (RYA) Instructors’ through case studies such as these, I am further location to host the group Briefing held at Marina at from different parts of the encouraged as an instructor of sailing aficionados.

Keppel Bay. world. to impart skills to the best keppelite

Keppelite I August 2013 Empowering Lives 39

Keppelites Abroad

Stepping out for growth

It has been almost seven company. He took it upon scratch and witness its “We have fully stocked years since Au Yong Kong himself to spread the word growth is very rewarding up an extensive range of Seng left behind the comfort among his contacts in the and fulfilling.” ready-to-cook pastes from of home to forge a career industry as well as in the Singapore. This includes in China. But the GM of local government to garner A food enthusiast, Au mee siam, prawn mee, mee Wuhu Sanshan Port, a joint interest in the company. His Yong, together with his rebus, laksa, Hainanese venture between Keppel efforts paid off. His staff wife, enjoys going on food chicken rice, mee goreng Telecommunications and count currently stands at hunts in the Chinese city and even sweet and sour Transportation (Keppel T&T) about 60. where international cuisine pork.” and Sinotrans Ltd, still loves is readily available. every minute of his time Despite the challenges Still, Au Yong encourages overseas. faced so far, including the He enthused, “You can his fellow Keppelites to have punishing weather, harsh find all kinds of cuisine the gumption to ask for an Wuhu Sanshan Port, work environment and here – Cantonese, Thai and overseas posting whenever which started operations gruelling hours, Au Yong is Japanese. We have tried possible. in April this year, provides thankful for the experience, them all!” port operations as well as and looks forward to He mused, “The experience integrated logistics services growing further with the There are days, however, and exposure gained from such as international freight company. when the couple yearns for these postings are unique forwarding. The port a taste of home. and enriching, helping you achieved a cargo throughput He shared, “The opportunity grow as a professional, but of one million tonnes by July to build a company from He shared with a laugh, more so, as an individual.”

(see page 18). During its pre- keppelite opening days, however, the port faced challenges hiring suitably qualified staff.

Au Yong recounted, “Being located in a very remote place, it was difficult to get people interested to come on site for a job interview. There were even a few candidates who backed out despite having reached our office, which is located within a construction site.”

This did not dampen Au Yong’s Can-Do! spirit, a trait which he has nurtured through the years with the Au Yong Kong Seng, GM of Wuhu Sanshan Port, firmly believes that overseas postings help one’s professional and personal growth

Keppelite I August 2013 40 Nurturing Communities Communities

Patron of the arts

The Keppel Group has been Group Corporate Affairs actively involved in the elaborated on the Group’s development of the arts scene commitment to the arts. She in Singapore for almost three said, “The Keppel Group decades, providing numerous has cultivated audiences platforms to showcase talents for the arts and provided and artistes. In recognition of numerous platforms to the Group’s support of the showcase talent, both local arts, Mr Lawrence Wong, and foreign, for close to 30 Acting Minister for Culture, years. Our strong support Community and Youth on of the arts stems from behalf of the National Arts our corporate principle Council, presented Keppel to nurture communities. with the Distinguished Through supporting the Patron of the Arts Award on arts, we are promoting 23 July 2013. This is the sixth the exchange of ideas consecutive year that Keppel and fostering creativity has received the prestigious and innovative expression. award. This will in turn enrich the lives of Singaporeans and Ms Wang Look Fung (left), Director of Group Corporate Affairs, Keppel Corporation, receiving Ms Wang Look Fung, Keppel contribute to the vibrance the Distinguished Patron of the Arts Award from Mr Lawrence Wong, Singapore’s Acting Corporation’s Director of of our city.” keppelite Minister for Culture, Community and Youth Garden melodies

As part of the company’s Ling Kiong and Young efforts to bring cultural Associate Conductor-in- music to a broader audience, Residence Moses Gay En Hui, Keppel Land recently donated the orchestra played familiar $50,000 to the Singapore National Day tunes to the Chinese Orchestra (SCO) to delight of a 2000-strong support the Keppel Land- audience, most of whom SCO Outdoor Rhapsody had their children and picnic series. baskets in tow.

The first of four performances Mr Ang Wee Gee, CEO The first of four performances in the Keppel Land-Singapore Chinese Orchestra Outdoor in the series took place on of Keppel Land, shared, Rhapsody series took place on 4 August 2013 at the Singapore Botanic Gardens, playing 4 August 2013 at the “Keppel Land has been a firm familiar National Day tunes to the delight of over 2000 concertgoers Singapore Botanic Gardens, supporter of the arts. As part taking on the theme of of our commitment to give presenting sponsor for the Upcoming concerts in the Singapore’s National Day. back to communities where Keppel Land-SCO Outdoor series are scheduled for we operate, and enrich lives Rhapsody series. I am sure 13 October 2013, 19 January Under the batons of SCO’s wherever we can, this year, it will be well-received by 2014 and 5 April 2014.

Resident Conductor Quek we are proud to be the young and old alike.” Admission is free. keppelite

Keppelite I August 2013 Nurturing Communities 41

Race for a cause

To encourage employees Marine (Keppel O&M) to stay fit and raise funds are regular faces at the for a good cause, Keppel annual vertical marathon Care Foundation supported event. Among them is the Community Chest Mr Wong Chou Soon, Heartstrings Walk as a Project Manager at Keppel Contributing Partner, with a Shipyard who, despite his donation of $40,000. injured kneecaps, completed the marathon for the third Some 50 Keppelites took part consecutive year. in the event on 18 August 2013, which comprised a His team clinched the Celebrating their win as second runner-up of the vertical marathon, Keppelites (in red, from left to right) Wong Chou Soon, Yong Wei Der, Allan Low and Png Zhi Young of Keppel four-km walk along the second runner-up position Shipyard receive their trophy from Mr George Tanasijevich (far left), President and CEO of waterfront promenade in the race under the Marina Bay Sands, joint organiser of the Community Chest Heartstrings event of Marina Bay Sands corporate category. and a vertical marathon “Putting the Keppel Can-Do! encourage the Community up 57 storeys to the Chou Soon enthused, “The spirit to the test, I wanted Chest beneficiaries who Sands SkyPark. gruelling climb to the top to challenge myself to took part in the race to of the building represents accomplish the feat again persevere in times of

The participants from overcoming obstacles we this year. I also wanted to difficulty.”keppelite K e p p e l O f f s h o r e & face in our lives. use this opportunity to

Keeping the rivers flowing

Clogged with waste, the local government and other waters of the Asinan and community members to Wawandue Rivers in Subic, clean up the rivers. This is Zambales, in the Philippines, part of a series of efforts flood the river banks when by the local community to the rainy season comes prevent the regular floods. along. This is one of the unintended effects of President of Keppel Subic population growth in the Shipyard, Mr Leong Kok area as a result of economic Weng, shared, “At Keppel, development. we are committed to giving back to communities in which On 6 July 2013, 14 volunteers we operate, and are glad to from Keppel Subic Shipyard support this campaign to joined hands with The clean up the coast and rivers Volunteers from Keppel Subic Shipyard helped to carry out an extensive clean-up at Fisherfolk Association of of Subic. This will help ensure the Asinan and Wawandue Rivers Subic Bay, Philippine Coast a cleaner and safer living

Guard, maritime police, the environment for all.” keppelite

Keppelite I August 2013 42 Nurturing Communities

Jars of joy

Keppelites, together with students from Queenstown Primary School and the elderly residents from St Theresa’s Home, enjoyed a fun-filled afternoon building colourful terrariums

Over 25 Keppelites, along were aided by the young to distribute tasty snacks “Through programmes with 29 students from students and volunteers and continued their lively such as this, the company Queenstown Primary School, to fill the jars with brightly conversation with the elderly brings joy not only to the gathered on 1 August 2013 coloured pebbles and deftly residents. less fortunate, but also to its at St Theresa’s Home for a plant the seedlings in. The own employees and instils terrarium-building workshop completed terrariums were The volunteers found volunteerism amongst them. conducted for the elderly then used to bring dashes it particularly fulfilling I am very proud to be part of residents of the home. of cheer to the elderly to witness the bonding such a company.” residents’ rooms. between generations, as the Terrariums are mini ecological young students took delight The terrarium-building systems with plants sealed Towards the end of the in building the colourful workshop is part of the in small, enclosed areas – workshop, before the terrariums while chattering Nature Cares programme, usually jars or small tanks. terrariums were sealed, small with the smiling residents. a Keppel Care Foundation- These ecosystems are mostly novelty bird decorations supported initiative led by the self sustaining and require were placed in the centres Mr Yau Tuck Wai, a regular National Parks Board, which only a few sprays of water of the terrariums as finishing volunteer from Keppel encourages corporations and each month to maintain. touches, eliciting smiles Shipyard, shared, “It was a children to volunteer their from both young and old. heartwarming experience to time through nature-based

Guided step-by-step through With their gardening tasks see the cheery interaction activities. keppelite the terrarium creation complete, the students among the children, process, the elderly residents and volunteers helped Keppelites and the elderly.

Keppelite I August 2013 Nurturing Communities 43

Warming hearts Keppel Volunteers warmed the hearts of the needy by delivering food to low-income households and painting the homes of the elderly over the past few weeks.

Delivering Adding colour to life nourishment On 20 July 2013, 14 volunteers During the month of and eight students from the Ramadan, Keppel Volunteers, Association of Persons with in collaboration with Yayasan Special Needs (APSN) rolled MENDAKI, delivered food up their sleeves and spruced hampers to low-income up the homes of the elderly households in Buangkok, beneficiaries of Thye Hua Marsiling, Tampines and Kwan (THK) Seniors Activity Yung Kuang. Centre @ Telok Blangah Crescent. CEO of Keppel Corporation Mr Choo Chiau Beng, who The session, beyond the was accompanied by his wife usual home maintenance, Mr Choo Chiau Beng (left), CEO of Keppel Corporation, and his wife Mrs Choo (second from left) lent their support delivering food hampers to low-income families during the month of Mrs Choo, lent his support had an added challenge of Ramadan by delivering the packages painting fresh coats of colour personally to some families to brighten up the walls of in Tampines. the homes.

During his interaction Senthil Kathiresan, a regular with one of the families, volunteer and Engineer Mr Choo discovered the from Keppel Shipyard, unmet educational needs shared, “Before embarking of the young children, and on this task, I was worried promptly sought the help about fumbling and was of MENDAKI to arrange for concerned about the safety tutoring. of the APSN students. However, they proved to Spreading the joy of be very capable, and were Singapore’s 48th National excited to be involved in Day, the volunteers decked painting.” out in red and white on 1 7 A u g u s t 2 0 1 3 a n d Determined to see through participated in Jurong Spring their project, the committed Constituency’s community volunteers stayed beyond food delivery drive. Parcels the planned time to add of dry rations were packed finishing touches of colour with care and hand-delivered to a total of six one-room t o 1 , 0 0 0 l o w - i n c o m e units. keppelite households. Volunteers spruced up the homes of the elderly residents of THK Seniors Activity Centre

Keppelite I August 2013 BackPage 44

Fifth semi for Floatel

Keppel FELS Limited (Keppel FELS) has been awarded another contract by Floatel International Ltd (Floatel) to build an accommodation semisubmersible (semi) for about US$280m.

This is the fifth contract with Floatel – Keppel FELS previously delivered Floatel Superior and Floatel Reliance in 2010, and is currently constructing two more semis – Floatel Victory and Floatel Endurance.

Scheduled for delivery in 4Q 2015, the semi will be a sister vessel to Floatel Victory and will be built to Keppel’s proprietary SSAU™5000NG design. The fifth accommodation semi which Keppel FELS is building for Floatel will be a sister vessel to Floatel Victory (shown above). Built to Keppel’s proprietary SSAU™5000NG design, it will be able to accommodate 500 persons, have ample recreation areas as well as office facilities while meeting the most stringent rules and regulations for worldwide operations Mr Wong Kok Seng, MD (Offshore) of Keppel Offshore we look forward to providing construction, Floatel Victory full complement of deck & Marine and MD of yet more quality vessels to and Floatel Endurance cranes, a large open deck Keppel FELS said, “We have Floatel safely, on time and are committed for work area, workshops and fire a strong track record in the within budget.” immediately on delivery. fighting capabilities. design and construction of This latest order is another accommodation semis. This Able to accommodate up significant addition to our fleet Mr Jacobsson added, “In fifth order is a reflection of the to 500 persons in one- and of high end accommodation teaming up with Keppel win-win partnership we have two-man cabins, the new vessels which will further FELS, we are able to assure built with Floatel, the strength semi will have state-of-the- enhance our offerings to our customers of having a of our rig designs and the art accommodation and the market.” technologically advanced reliability of our execution. recreational facilities that rig which is environmentally The SSAU™5000NG is provide increased comfort The new semi will incorporate friendly and cost efficient. customised for operations in for its occupants. the latest technology such as Gauging from past deliveries, deep and harsh environments Dynamic Positioning (DP) we have always received the with world-class safety Mr Peter Jacobsson, CEO of 3 capability and enhanced rigs on or ahead of time and and efficiency.” Floatel said, “Floatel Superior station-keeping, enabling it I am confident it will be the and Floatel Reliance, which to operate securely alongside same for our next rigs, which “I am pleased to report that are in our operating fleet, fixed platforms, floating can then start work earlier

works on Floatel Victory are both committed on platforms and Floating for our customers.” keppelite and Floatel Endurance are long term contracts and Production Storage and progressing on schedule and our two newbuilds under Offloading Vessels, with a Printed on recycled paper Printed on recycled

Keppelite I August 2013