Sep - Oct 2008

Celebrating the Naming & Turnkey Completion of WEST TAURUS

Delivery of MAERSK CONVINCER Sail-away of DEEP DRILLER 7 & Naming of WILSEEKER YARD NEWS Delivery of MAERSK CONVINCER

Marking the rig’s successful hand-over

Jurong Shipyard, a wholly owned subsidiary of Sembcorp Marine, has successfully delivered the MAERSK CONVINCER, its second newbuild Pacifi c Class 375 newbuild jack-up rig for Denmark’s Maersk Contractors, on schedule in early September 2008.

The jack-up set off for drilling operations offshore Brunei and a well in Malaysia under a one-year charter with Brunei Shell Petroleum, with options for extension. Its sister unit MAERSK COMPLETER, delivered by Jurong Shipyard in May 2007, also secured a similar charter by Brunei Shell Petroleum for the same drilling assignment in the fourth quarter this year in direct continuation of its current contract with Total E&P Borneo.

MAERSK CONVINCER is the third of a series of four BMC Pacifi c Class 375 jack-up rigs built on a turnkey basis by Jurong Shipyard based on the Group’s proprietary Pacifi c Class 375 deep drilling offshore jack-up design. Celebrating the rig’s delivery with a toast MAERSK CONVINCER, Jurong Shipyard’s second Pacifi c Class 375 jack-up rig for Maersk Contractors, has set off for offshore Brunei in September 2008

CJ70 Jack-up Keel-laying Jurong Shipyard and PetroProd Ltd marked the keel-laying of the first steel block for a harsh-environment newbuild offshore jack-up unit (hull no. 11-1092) on October 8, 2008.

There to witness this key project milestone both drilling and production capabilities for Laying the fi rst steel-block of the CJ70 jack-up in were key representatives from PetroProd operations in the Norwegian North Sea. the drydock including Project Manager Mr Geir Eik, Construction Manager Mr Endre Haaland, Drilling Manager Mr Mike Mikalsen, and QA/QC Manager Mr Ho Choon Heng, as well as Jurong Shipyard’s senior management and project team.

Scheduled for delivery in mid-2010, the harsh-environment jack-up rig will be built based on the proven CJ70 design with Marking a milestone – Representatives from Jurong Shipyard and PetroProd commemorating the keel-laying of the CJ70 harsh-environment jack-up rig

02 Sep - Oct 2008 YARD NEWS Welcome back, Thomas Mann It was a memorable homecoming for Thomas Mann, a 2,586 Thomas Mann, the fi rst of two proprietary designed 2,586 TEU Jubilee TEU container vessel which returned to Jurong Shipyard – her Class containerships built by Jurong Shipyard for Germany’s Reederei birthplace – fi ve years after setting off on her maiden voyage. Karl Schluter GmbH & Co., called at the yard in early October to undergo a combination of repair and maintenance works.

As part of the repairs for the 213.00m x 32.20m x 16.50m vessel, the hull was blasted and coated with fresh paint while within the vessel, two heating coils in the U HFO tanks and the starboard anchor pocket’s shell plate were partially cropped and renewed. Several mooring winch brake linings were also renewed.

Upon completion of the repairs in mid October, Thomas Mann took off from the yard with renewed energy, all ready to resume operations Thomas Mann preparing to sail away after works are completed on the high seas.

Overhaul for LNG Vessels Jurong Shipyard saw the sail-away of two LNG carriers, SK Sunrise and Iberica Knutsen, following their successful repairs in late August and mid October this year.

SK Sunrise Shines Forth

SK Sunrise, a GTT Mark 3 membrane type LNG carrier with a storage capacity of up to 138,271m3 of liquefi ed natural gas, made its debut visit to Jurong Shipyard in early August 2008.

The 278.85m x 42.64m x 26.00m SK Sunrise, which called at the yard for periodic maintenance and checks, is managed by leading Japanese ship management company, Iino Marine Service Co., Ltd, a subsidiary of Iino Kaiun Kaisha, Ltd. SK Sunrise ready to depart from Jurong Shipyard

A dedicated Jurong Shipyard team was assigned to conduct underwent a complete wire replacement package as part of its overhauling works for the vessel’s low-duty and high-duty maintenance package for its hose handling crane, monorail crane compressor, and the cargo spray pump. The LNG carrier also and the provision crane before departing the yard in late August.

Iberica Knutsen Stops Over

Iberica Knutsen, a 277.00m x 43.40m x 26.00m Norwegian LNG carrier owned by Knutsen OAS Shipping AS, made a stopover at Jurong Shipyard for a series of repair and maintenance jobs in late September 2008.

The LNG carrier received a fresh coat of paint on her hull after blasting works were completed and maintenance works were The rejuvenated Iberica Knutsen sailing towards her next destination carried out on the central cooling system to ensure its smooth functioning. cables. Both the vessel’s auxiliary boiler and the exhaust gas boiler were also cleaned for surveying. The other jobs performed ranged from the cleaning and coating of the sea chests and thruster tunnel, stock and steering gear, to After all the tasks were completed, Iberica Knutsen sailed away the cleaning of the bow thruster for inspection and dye check, in along with her crew in mid-October to proceed on with her addition to ranging, cleaning and marking of the anchor and chain journey.

03 Sep - Oct 2008 YARD NEWS Vega Voyager On Schedule Jurong Shipyard opened its dock-gates in October 2008 for Vega Voyager, the fi fth vessel from Chevron Shipping Company LLC to sail into the yard this year.

Measuring 243.80m x 42.00m x 21.30m, the 104,864 dwt tanker was in the yard for the installation of a crude oil washing (COW) line root valve, a vortex generator and a new standby diesel oil pump.

Other jobs in the repair lineup included hull blasting, painting of the funnel and logo, inspection of the main engine pistons, replacement of the COW machines, overhaul of the cargo oil pump, load-testing of the cargo hose crane, and the renewal of the

Cheering in unity at Vega Voyager’s successful repairs mooring winches and anchor windlasses brake lining.

The strong synergy by the Chevron- Jurong team ensured that the repairs were on schedule and right on track for Vega Voyager’s scheduled sail-away in early November, all while meeting high standards of quality, safety and reliability.

Rewarding workers for good safety performance Vega Voyager before her repairs

Looking good after a series of repairs and maintenance jobs

04 Sep - Oct 2008 YARD NEWS Strategic Alliance Meeting with Chevron

Group picture of the Chevron-Jurong alliance ASR team members

More than 20 representatives from the Chevron Shipping and Jurong Shipyard Advanced Supplier Relationship (ASR) Team congregated at the Republic of Singapore Yacht Club for the 18th Alliance Meeting from October 13 to 15, 2008 to explore ways to steer the partnership ahead.

Throughout the three-day meeting, the Incidents for Chevron repair projects since team reviewed its operational performance, August 2001. formulated strategic objectives, and developed specifi c action plans for Besides charting future directions, team- continuous innovation and improvements. bonding was also high on the agenda. Despite their busy schedules, alliance Health, safety and environment was a members also took time to forge closer key area of focus, with Jurong Shipyard’s ties on a personal level – all with the aim Mr WS Wong, Managing Director of Jurong Shipyard, leading the discussion Managing Director Mr WS Wong of building a strong and effective alliance and Chevron Shipping’s Technical & team for maximum performance. Procurement Manager Mr Dave Moore endorsing their joint commitment towards HSE excellence with the signing of a safety pledge.

The yard’s HSE efforts were also recognised with the presentation of a special award by Chevron Shipping for attaining more Mr Dave Moore, Chevron Shipping’s Technical & Procurement Manager, sharing ideas with the team than 3 million man-hours without Lost-time Gearing up for the win

Safety pledge signing: Mr WS Wong and Mr Dave Moore marking their joint Mr WS Wong receiving the 3 million manhours without commitment towards HSE excellence LTI safety award from Mr Dave Moore on behalf of Jurong Shipyard

05 Sep - Oct 2008 COVER STORY Celebrating the Naming & Turnkey Completion

Celebrating a landmark achievement – Jurong Shipyard and Seadrill representatives cheering the successful turnkey completion of West Taurus

The turnkey construction completion and offi cial naming of WEST TAURUS, the second of a series of four ultra- deepwater semi-submersible drilling rigs built by Jurong Shipyard for Norway’s leading energy group Seadrill Limited, was celebrated in grand style during a spectacular ceremony on September 6, 2008.

Built to Friede & Goldman’s Ex-D Millennium Class design, WEST TAURUS is a highly sophisticated 6th generation semi-submersible rig engineered for deep drilling capabilities of up to 37,500 feet in dynamic positioning mode in ultra-deepwaters of up to 10,000 feet. Designed with an operational displacement of 43,400 metric tons at 17 metres draft and 46,750 metric tons at 20 metres draft, it has 18,000 square feet of usable deck space, and is able to carry a variable deck load of up to 8,000 tons.

VIPs commemorating the rig tour with a group photo Shortly after its naming, WEST TAURUS will undergo installation Offi cially named by Mrs Goril Diesen, wife of Mr Stein Diesen from and commissioning of thrusters at anchorage followed by sea trial to Seadrill Limited, WEST TAURUS is the second unit of a series of prepare for drilling once it reaches fi eld location offshore Brazil. four high-performance ultra-deepwater dynamic positioning semi- submersible rigs built for Seadrill, following the successful delivery Scheduled for delivery in November 2008, WEST TAURUS will be of the fi rst unit WEST SIRIUS in March 2008. The third and fourth deployed for development drilling operations under a six-year charter rig units are currently under construction in the yard with deliveries with Petrobras. In addition, Petrobras has awarded similar charter scheduled in 2010 and 2011 respectively. contracts to three other semi-submersible rigs under construction in

The successful turnkey construction of WEST TAURUS marks another landmark achievement for Jurong Shipyard being the fi rst semi-submersible rig to be built using the yard’s proprietary “Transverse Skidding” methodology in combination with the “Load- out and Mating-in-Dock” technique. These breakthrough techniques increase and optimize the shipyard’s capacity to deliver more than 2 semi-submersible rigs in a year while meeting high standards of quality, safety and reliability. Learning more about the advanced systems onboard the rig

06 Sep - Oct 2008 COVER STORY of WEST TAURUS

Lady sponsor Mrs Goril Diesen taking in the festive atmosphere together with (from left) Seadrill’s Vice President of Deepwater Projects Mr Alex Monsen, Mr Stein Diesen, CEO & President Mr Alf C. Thorkildsen, Senior Vice President of Deepwater Operations Mr Tim Juran, and Jurong Shipyard’s Managing Director Mr WS Wong

Receiving the lucky scroll to mark smooth seas and blessings for West Taurus Mr WS Wong presenting a replica of the West Taurus to Mr Alf C. Thorkildsen

Jurong Shipyard, including Seadrill’s third rig unit. The fi rst rig unit West Taurus will be an invaluable addition to our existing rig fl eet and WEST SIRIUS, which is now operating in the Gulf of Mexico, had its we are confi dent the yard will continue to deliver excellent results on contract extended by Devon Energy from four to six years. the other two rigs we have entrusted them.”

Mr Alf C. Thorkildsen, CEO and President of Seadrill Limited, said: Mr Wong Weng Sun, Managing Director of Jurong Shipyard, said: “We are delighted with the on-time completion of West Taurus and “WEST TAURUS marks another key milestone for Jurong Shipyard more importantly she is ready to drill on location. This again proves and is a hallmark of our innovative turnkey rig building capabilities and Jurong Shipyard’s ability to deliver above our expectations following proven track record in fast-track semi-submersible construction. The the successful handover of West Sirius in March earlier this year.“ success of WEST TAURUS mirrors the successful delivery of WEST SIRIUS in 2008 and signals the strong synergy and close partnership “We commend the Jurong Shipyard team for their professionalism, between Jurong Shipyard, Seadrill, and our project partners, vendors dedication and commitment in achieving this remarkable milestone. and contractors.”

Proposing a toast to the rig’s prosperity and success! Hearty celebration by project team members Commemorating a memorable evening together

07 Sep - Oct 2008 SCM : AROUND THE YARDS PPL Bags Sinopec Deal to Build 1st Jack-up Outside China

PPL Shipyard, a subsidiary of Sembcorp Marine, has secured a landmark contract in September 2008 from Sinopec International (Hong Kong) Co, a subsidiary company of China Petroleum & Chemical Corporation, to build a Pacific Class 375 Offshore Jack-up rig at a value of US$229 million.

This contract represents a major milestone for PPL Shipyard as the newbuild rig will be the fi rst jack-up to be constructed outside China. Scheduled for delivery in the fi rst quarter of 2011, the rig will be owned and operated by the Shanghai Offshore Petroleum Bureau, a subsidiary of China Petroleum & Chemical Corporation (Sinopec).

This high performance jack-up rig will be built based on PPL Shipyard’s proprietary design Pacifi c Class 375 and proprietary components. It will be equipped to drill high pressure and high temperature wells at 30,000 feet whilst operating in 375 feet of water. It will have accommodation with full catering and amenities for 120 persons.

Mr Tan Kim Yung, Senior General Manager

in PPL Shipyard, said: “We are pleased that Milestone partnership: Key representatives from PPL Shipyard and the Sinopec group commemorating the landmark contract Sinopec International (Hong Kong) Co has chosen PPL Shipyard to place its fi rst jack- be part of this milestone. The Pacifi c Class To-date, a total of 27 jackup rigs based on the up rig order. This is signifi cant as it will be 375 high performance and deep drilling jack- Pacifi c Class 375 design have been ordered the fi rst jack-up drilling rig to be constructed up rig continues to be a popular design, well with 14 units delivered as of September 2008 outside China for China Petroleum and accepted by the Industry and fetching some and 13 units currently under various stages Chemical Corporation. We are delighted to of the highest charter rates.” of construction with deliveries till 2011.

Sembawang Shipyard Secures FDPSO Conversion Contract Dynamic Producer Inc., a part of Brazil’s leading offshore service group Petroserv S.A., has awarded a S$99 million contract to Sembawang Shipyard, a wholly owned subsidiary of Sembcorp Marine, in September 2008 to convert a 111,567 dwt tanker into a dynamic positioning (DP) Floating, Drilling, Production, Storage and Offl oading (FDPSO) vessel.

Sembawang Shipyard was chosen by (involving moonpool and utility rooms Mr Roberto Jessourun, Vice President and Petroserv S.A. for its fi rst conversion of a for drilling operations, 4 azimuth thruster Director of Petroserv S.A, said: “Sembawang DP FDPSO vessel with drilling capability rooms) 7,000 pipe spools, cabling work of Shipyard has been selected by Petroserv to be based on the yard’s project management some 233 km, and installation of owner’s our partner shipyard in this milestone project skills, high HSSE standards, proven EPC supplied drilling equipment. The shipyard as the shipyard has clearly demonstrated its expertise and strong track record in DP2 will also construct the new accommodation strong track record in handling sophisticated / DP 3 vessels work, having completed structure which will comfortably house a FPSO conversion and offshore work, the conversion and newbuilding of fi ve DP complement of 106 persons. especially vessels equipped with dynamic offshore vessels. positioning capabilities. We are confi dent When completed, the new DP FDPSO, that the shipyard will deliver a quality FDPSO Major conversion workscope under the to be named Dynamic Producer, will have vessel for our deployment in Brazil.” contract included shop engineering based a crude oil drilling and storage capacity of on owner’s supplied basic and detailed 300,000 bbls. The vessel is expected to be Mr Ong Poh Kwee, Managing Director of design, procurement of bulk materials, delivered to owners in the last quarter of Sembawang Shipyard, said: “We thank construction and outfi tting of owner’s 2009. Upon delivery, the DP FDPSO will be Petroserv S.A. for this important award as supplied machinery, OFE, systems outfi tting operated by Dynamic Producer Inc. on long- it reaffi rms Sembawang Shipyard’s strong and assistance with commissioning. Major term charter to Petrobras at the Espirito track record in the specialised FPSO fabrication and installation work expected Santo, Campos and Santos Basin off the conversion sector and market leadership in include approximately 4,700 tons of steel Brazilian Southeast Coast. dynamic positioning offshore vessels.”

08 Sep - Oct 2008 SCM : AROUND THE YARDS PPL Marks Sail-away and Naming for 2 Jack-ups

PPL Shipyard witnessed the successful sailaway and naming of its recently delivered jack-up rigs Deep Driller 7 and WilSeeker in the months of September and October respectively.

Deep Driller 7 and WilSeeker, the 10th and 11th units of the yard’s series of 23 Pacifi c Class 375 proprietary design newbuild jack-up rigs on order, were built in line with PPL Shipyard’s proprietary Pacifi c Class 375 design.

Deep Driller 7 Takes Off for Thailand Deep Driller 7, the third newbuild Pacifi c Class 375 jack-up rig built by PPL Shipyard for Deep Drilling Invest Pte Ltd, embarked on her maiden voyage to Thailand in early September 2008.

Delivered by PPL Shipyard to Deep Drilling Invest in July 2008, Deep Driller 7 went on to secure a three-month charter with NuCoastal (Thailand) Limited, a wholly owned subsidiary of Coastal Energy Company, with an option for an extension of up to three months, for drilling operations at NuCoastal’s Songkhla fi eld in the Gulf of Thailand.

WilSeeker Naming Ceremony WilSeeker, the fourth Pacifi c Class 375 deep-drilling jack-up rig built by PPL Shipyard for Norway’s Awilco Offshore ASA, was named on October 8, 2008 at PPL Shipyard’s Tuas Yard by Lady Sponsor Mrs Xu Yu Hong, in the presence of her husband Mr Yuan Guang Yu, CEO & Deep Driller 7, PPL Shipyard’s third newbuild proprietary Pacifi c Class 375 President of China Oilfi eld Services Limited (COSL), Awilco Offshore’s design deep drilling jack-up for Deep Drilling Invest, has set off for Thailand’s CEO Mr Henrik Fougner and Technical Director Mr Claus Morch, as well Songkhla fi eld as PPL Shipyard’s Managing Director Mr Douglas Tan. Scheduled to sail-away in November 2008 for drilling offshore China, Following its delivery to Awilco Offshore in September this year, the rig will be deployed under a two-year contract in conjunction with WilSeeker has been in PPL Shipyard for preparation works and crew PPL-built rig WilSuperior and another jack-up in COSL’s drilling fl eet training commissioned by COSL. offshore China’s Bohai region.

Lady Sponsor Mrs Xu Yu Hong marks the naming of WilSeeker with (from left) her husband Mr Yuan Guang Yu, CEO & President of COSL, Mr Douglas Tan, PPL Shipyard’s Managing Director, and Awilco Offshore’s CEO Mr Henrik Fougner and Technical Director Mr Claus Morch, on October 8, 2008

09 Sep - Oct 2008 SCM : AROUND THE YARDS Sembcorp Marine secures LNG carrier longevity contract

Sembcorp Marine was awarded a longevity contract in September 2008 from International Gas Transportation Company Limited (IGTC), the parent shipping company of the North West Shelf Venture, for the life extension of its fleet of six Moss Rosenberg design LNG (Liquefied Natural Gas) carriers over a period of six years.

This long-term longevity contract is a fi rst by a major LNG operator to extend the trading life of vessels as they progressively reach their 20th year in service. The milestone agreement was signed in Singapore by Mr. John Charles, Commercial Manager of North West Shelf Shipping Service Company Pty Ltd (NWSSSC) on behalf of IGTC, and Ms Wong Lee-Lin, Executive Director of Sembawang Shipyard, a subsidiary of Sembcorp Marine.

NWSSSC, equally owned by BHP Billiton Petroleum Pty Ltd, BP Australia Shipping Pty Ltd, Chevron Australia Transport Pty Ltd, Japan Australia LNG (MIMI) Downstream Services Pty Ltd, Shell Development (Australia) Pty Ltd and Woodside Petroleum Holdings Pty Ltd, is the main shipping advisor to International Gas Transportation Company Limited for the Toasting the success of the longevity contract: Sembawang Shipyard’s Managing Director Mr Ong Poh Kwee and Executive Director Ms Wong Lee-Lin together with NWSSSC’s Commercial Manager Mr John Charles management of its fl eet of 9 LNG carriers and (second from left) and Marine & Technical Assurance Manager Mr John Cook (extreme right) their transportation operations. carriers in line with NWSSSC’s safety, integrity Jurong Shipyard and Sembawang Shipyard With the signing of this contract, Northwest and reliability standards. The life extension have demonstrated consistently high standards Sanderling, the fi rst of six Moss-Rosenberg type works include ballast tanks blasting and coating in its H.S.E., quality and work performance in LNG carriers from IGTC, is scheduled to undergo work, hull structural enhancement, integrated the refi ts of our LNG carriers. We look forward life extension and upgrading in Sembcorp automation system renewal, HVAC and to working with Sembcorp Marine in achieving Marine’s Sembawang Shipyard at an estimated refrigeration system renewal, cargo and ballast safe, high quality and on-time delivery targets cost of S$35 million in June 2009. valve actuator system replacement and boiler for the fi rst of our LNG carriers earmarked for system renewal. life extension work.” The signing of the longevity contract marks another milestone in the partnership between Mr. John Charles, Commercial Manager of Ms Wong Lee-Lin, Executive Director of NWSSSC and Sembcorp Marine, committing NWSSSC, said: “IGTC has a strong and Sembawang Shipyard, said: “This prestigious both partners to co-operate in the areas of successful partnership with Sembcorp Marine award marks another major milestone engineering, procurement and construction since the fi rst refi t of one of our LNG carriers, achievement for Sembcorp Marine as it is services for the structural and systems Northwest Shearwater, in Sembawang Shipyard the fi rst long-term longevity contract between upgrading as well as life extension of the LNG in 2001. Over the years, Sembcorp Marine’s a world renowned LNG ship owner and a Singapore shipyard group. As part of the Group’s strategy to become the world leader in the repairs and life extension of LNG carriers, we have achieved an important step in getting into the big league of specialised LNG carriers’ life extension work.”

At a time when Singapore is preparing itself to be a major hub in the LNG sector, the selection of Sembcorp Marine as a longevity programme partner of IGTC, is a great boost to the country’s marine industry and its status as a major ship repair centre. It also reinforces Sembcorp Marine’s global leadership position in this highly Northwest Sanderling, the fi rst of six Moss-Rosenberg type LNG carriers from IGTC, is scheduled for life extension and upgrading in Sembawang Shipyard under the LNG carrier longevity contract in June 2009 specialised LNG carriers’ life extension work.

10 Sep - Oct 2008 SCM : NEWS Strengthening Synergy with Latin-America

Making their presence at LatinAsia 2008 Sembcorp Marine representatives with IE Singapore’s Deputy Chief Executive Offi cer Mr Ted Tan

To further consolidate the Group’s business synergy with Latin America, Sembcorp Marine participated as a key sponsor for the fourth consecutive year in International Enterprise (IE) Singapore’s LatinAsia Business Forum 2008.

Spanning two days over September 22 Delegates from Sembcorp Marine and its Sembcorp Marine’s collaborations with and 23, 2008, the forum saw more than subsidiary yards joined in the networking Brazil’s offshore oil & gas industry have been 500 delegates coming together to explore action and took the opportunity to make based on the same principle. The Group’s opportunities to develop trade and investment new contacts and renew ties with their Latin subsidiary Jurong Shipyard has converted between Asia and Latin America. American business associates and partners. nine projects for Brazil’s offshore oil & gas Participants from the Group also garnered new industry, ranging from Floating Production insights into Latin America’s current economy Storage and Offl oading vessels (FPSOs), and emerging areas of growth through the Floating Storage and Offl oading vessels various seminars and discussions organised. (FSOs) and Floating Production Units (FPUs). These include the FPSO Petrobras Speaking at the forum, Guest-of-Honour 37, FSO Petrobras 38, FPU Petrobras 40, Minister for Trade and Industry Mr. Lim FPSO Petrobras 43, FPSO Fluminense, Hng Kiang said that “many opportunities FPSO Cidade do Rio de Janeiro MV14, can be leveraged from Latin America’s rich FSO Cidade de Macae MV15, as well as natural resource base and strengthening FPSO Petrobras 50 and FPSO Petrobras infrastructure, and Asia’s expertise in 54, which enabled Brazil to achieve its goal Gaining new insights into Latin America manufacturing and services.” of oil self-suffi ciency.

Engaging in hearty conversation Building closer partnerships

11 Sep - Oct 2008 SCM : NEWS Accolade for Corporate Governance & Transparency Sembcorp Marine’s excellence in corporate governance and transparency has once again been recognised by the Securities Investors Association of Singapore (SIAS).

The Group was honoured with a Most Transparent This year’s Most Transparent Company award is Presented to companies that set standards for Company Runner-up Award in the non-electronics the fourth SIAS award won by Sembcorp Marine good corporate governance and transparency, the manufacturing category during the 9th SIAS in the category since 2005, and stands as a Most Transparent Company award is endorsed by Investors’ Choice Awards, graced by Mr S testimony of the Group’s commitment to good PriceWaterhouseCoopers, Institute of Certifi ed Iswaran, Senior Minister of State for Trade and corporate governance, timely disclosures and Public Accountants of Singapore, Investment Industry, on October 9, 2008. open communication with stakeholders. Management Association of Singapore, CFA Singapore, SID, The Institute of Internal Auditors Singapore, SAS, ACGA, The Business Times and The Straits Times.

Companies were assessed by a selection committee comprising members from the mass media, investors, investment analysts, equity sales and asset management fi rm based on key criteria such as timeliness of news release, substantiality of news release, clarity of news release, degree of media access, frequency of corporate results, availability of segmental information and communication channels such as Ms Judy Han, Sembcorp Marine’s Senior Vice President of Investor Relations & Communications, receiving company website and webcasting. the Most Transparent Company Award from Mr Hsieh Fu Hua, Singapore Exchange CEO

Friend of the Arts Award

In recognition of Sembcorp Marine’s contribution to the Singapore arts community, the company was conferred a Friend of the Arts Award by the National Arts Council (NAC) on October 21.

The Friend of the Arts Award was presented by Guest-of-Honour Dr Lee Boon Yang, Minister for Information, Communications and the Arts, during NAC’s Patron of the Arts Award 2008 ceremony at Esplanade Theatre.

A strong advocate of the arts, the Group has supported Esplanade’s Patron of the Arts Programme since 2007 and is committed to Sembcorp Marine’s representative receiving the Friend of the Arts Award from Guest-of-Honour Dr Lee Boon Yang, Minister for Information, Communications promoting a vibrant arts scene in Singapore. and the Arts

12 Sep - Oct 2008 SCM : NEWS Panama Ministerial Visit Key ministerial delegates from Panama who were in town to attend the LatinAsia Business forum made a special visit to Sembcorp Marine and its subsidiary Jurong Shipyard on September 25, 2008.

Among the dignitaries were H.E. Severo Sousa, Panama’s Deputy Minister, Ministry of Commerce & Industry, H.E. Eduardo Real, Ambassador of Panama in Singapore, and Ms Gloria de la Espriella, Panama’s National Investment Promotion Director, Ministry of Commerce & Industry. Accompanied by key representatives from International Enterprise Singapore, the Panamanian delegates spent a fruitful afternoon interacting with Sembcorp Marine’s senior management and learning more about the Sembcorp Marine management sharing about the Group’s operations and business Group’s marine and offshore engineering business.

Mr K K Tan, Group President & CEO of Sembcorp Marking a fruitful visit Marine, exchanging greetings with H.E. Severo Sousa, Panama’s Deputy Minister for Ministry of Commerce & Industry Presidentʼs Challenge Heart Voyage II

President S.R. Nathan expressing his thanks within the book

Sembcorp Marine lent its support to the President’s Challenge in October 2008 with the purchase of a coffee tablebook “Heart Voyage II” signed by His Excellency President S.R. Nathan.

Supported by the Ministry of Community Development Youth and Sports, the “Heart Voyage II” charity project aims to raise funds to help the needy and less fortunate in Singapore lead more dignifi ed and meaningful lives.

13 Sep - Oct 2008 HAPPENINGS Excellence in Workplace Safety & Health

Jurong Shipyard’s Safe Stage team received the WSH Innovation Award for the “HP Hook”, a portable and user-friendly device for the secure locking of the body harness hook to scallop holes to enhance safety while working at heights.

The Hull Spiderz team from Sembawang Shipyard’s Hull Department was awarded the WSH Innovation Award for the “Spider Grab – an innovative tool for lifting irregular profi le shaped outfi tting items in the workshop which Representatives from Jurong Shipyard (top) and Sembawang Shipyard (bottom) celebrating their awards haul signifi cantly reduces the risk of Sembcorp Marine’s subsidiaries Jurong Shipyard, Sembawang Shipyard and falling hazards and fi nger injuries. SMOE won a series of accolades for HSSE excellence at the Workplace Safety and Health (WSH) Awards 2008 hosted by the WSH Council and supported by the Ministry of Manpower on October 2.

Graced by Guest-of-Honour Acting Minister for Manpower Mr Gan Kim Yong, this annual event celebrates the best on a national level for their commitment and exemplary standards in WSH. Jurong Shipyard Safe Stage team and Sembawang Shipyard’s Hull Spiderz Team each received the WSH Innovation Award, which recognises innovative teams which have developed better and safer working methods for safety excellence and workplace improvement. Mr Selathorai s/o KR Suppiah, a Other accolades bagged by the Group included fi ve Safety and Health Award Recognition for lifting supervisor with SMOE, won Projects (SHARP) awards by Sembawang Shipyard for Aban Abraham, Aban VIII, BW Endeavour, the fi rst-ever WSH Supervisor Hai Yang Shi You 117 and Sapura 3000, which achieved zero incients over a million manhours. In Award for his team’s commendable addition, SMOE’s Selathorai s/o K R Suppiah was among 11 others who were recognized with safety performance – achieving an the Safety & Health Award for Supervisors. incident-free track record for more than three years. CONGRATULATIONS to all winners! Keep up the good performance and continue to set new standards in WSH excellence!

14 Sep - Oct 2008 HAPPENINIGS Innovation Learning Visit

Jurong Shipyard played host to a group of 30 Housing and Development Board employees who were keen on understanding the yard’s innovation systems and processes that won it SPRING Singapore’s Innovation Excellence Award Sharing about Jurong Shipyard’s innovation systems and processes in 2007.

During the sharing session on October 14, 2008, the visitors were given an overview of the yard’s total approach towards fostering a culture of creativity and innovation. The visitors also learnt about the various innovation systems and processes that drive innovation across all levels within the yard. Time for picture-taking

Nurturing Talent, Developing Potential

Jurong Shipyard’s Human Resource Department organised a series of training and development courses in September and October 2008 to nurture employees to their fullest potential.

Team-building Challenge

Two team-building workshops were organised at Sentosa Island in late September and early October for employees to further strengthen their leadership and management abilities. Through fun-fi lled games and activities, participants also learnt creative thinking and problem-solving skills to enhance their work performance.

Hooray for team power! Learning the principles of teamwork

Project Management Course Communication & Relationship Management Workshop Through a systematic objective-based approach, participants learnt leadership and management skills to enhance their capabilities in A two-day Communication & Relationship Management Workshop project planning, execution and control as well as risk management was organised on October 23 and 24, 2008 to enhance employees’ and negotiation skills during the Project Management Course held communication skills to facilitate greater team bonding as well as from October 14 to 15, 2008. relationship building with colleagues and customers.

Participants giving group presentations to exchange ideas How do we get this standing? Listening and trust is necessary for success

15 Sep - Oct 2008 HAPPENINGS Sponsorship of First Singapore Nautical Run

As a leading industry player, Sembcorp Marine showed its strong support as a Diamond sponsor for the maritime community’s inaugural Singapore Nautical Run organised by the Maritime and Port Authority of Singapore (MPA) on October 10, 2008.

Drawing more than 1,300 participants from senior management and employees, who took the industry, the Singapore Nautical Run was part in both the competitive 6.6km and the non- fl agged off by Mr Raymond Lim, Minister for competitive 1.6km segments. Transport and Second Minister for Foreign Affairs, at East Coast Park. Besides providing a bonding opportunity for the maritime community, the event also Sembcorp Marine made its presence felt during raised a total of $333,000 for the President’s the run with one of the largest turnout of more Challenge and The Straits Times School than 62 enthusiastic participants, comprising Pocket Money Fund. Full steam ahead

A strong turnout by the Sembcorp Marine group Sembcorp Marine’s representative Ms Judy Han, Senior Vice President of Investor Relations & Communications, receiving a token of appreciation from Mr Raymond Lim, Minister for Transport and Second Minister for Foreign Affairs Getting A.C.T.I.V.E Together

Jurong Shipyard’s senior management taking the lead in the mass workout Towards an active lifestyle

Exercising is important for good health and working out as a group adds to the fun. That was the case for Jurong Shipyard’s employees who gathered for the annual A.C.T.I.V.E. (All Companies Together in Various Exercises) Day mass workout on September 20, 2008.

Led by a fi tness professional, the participants To round off a fun-fi lled day of exercise, an engaged in several low impact exercises using assortment of fresh fruits and nuts were given special elastic workout bands to tone their out to encourage employees to continue muscles and shape up their bodies. leading healthy and active lifestyles.

Stretching to the limits

Dolphin is a bi-monthly publication of Sembcorp Marine Ltd (Reg. No. 196300098Z) Contact us : and its subsidiary Jurong Shipyard Pte Ltd (Reg. No. 199908265G). No part of this The Editorial Team • 29 Tanjong Kling Road newsletter may be reproduced or transmitted by any means or stored in any Singapore 628054 • [email protected] 16information storage and retrieval system without the publishers’ written permission. For more information, visit us at : www.sembcorpmarine.com.sg • www.jspl.com.sg Sep - Oct 2008