May 2012 eppel www.kepcorp.com/ekeppelite

Keppel Group Newsletter Keppelite

Winning regional recognition 7

Ten years of excellence 21

Homes of hope 40

Resplendent Riviera

MICA (P) 041/01/2012 10 19

20

Contents

SUSTAINING GROWTH Strengthening performance 28 Yard of choice 4 Boss for a day 30 Resplendent Riviera 5 Investment insights 100-percent commitment 6 EMPOWERING LIVES Winning regional recognition 7 Positive climate 31 Australian ties 10 Torch of passion 32 Excellence in governance Race to the Big Apple 33 Driving progressive partnerships 11 Kids at work 34 Strategic appointments 12 Exclusive Bay experiences Fuelled by fundamentals 14 Keppelites Abroad Agile adaptor 35 Celebrating strong Sino-Singapore ties 15 On our marks 36 Honouring contributions NURTURING COMMUNITIES International connections 16 Engineering the future 38 Promoting safety 17 Friend of heritage Sustainability study 18 Green minds 39 Swinging to Singapore Day On track for growth 19 Homes of hope 40 Vessels of power 20 Promoting Brazilian arts 41 Special Focus Ten years of excellence 21 Stroll in the Garden 42 Leading environmental showcase 25 Cycling for charity

From vision to reality 26 Keppel Volunteers Gleaming homes and hearts 43 Bolstering online communications 27 BACK PAGE Choice yard in the Middle East 44

Cover image: His Excellency Tony Tan Keng Yam (centre with blue tie), President of the Republic of Singapore, being briefed on Riviera Point while in company of (from left) Mr Kevin Wong, Group CEO of Keppel Land; Mr Linson Lim, President of Keppel Land Vietnam; Mr Teo Soon Hoe, Senior ED of Keppel Corporation and Singapore’s National Development Minister, Mr Khaw Boon Wan. eppel

Published for people in the Keppel Group by the Group Corporate Communications Division, Keppel Corporation Limited, 1 HarbourFront Ave, #18-01 Keppel Bay Tower, Singapore 098632. Printed by Image Printers Pte Ltd, Blk 1002, Redhill Industrial Estate, Jalan Bukit Merah, #03-12, Singapore 159456.

Editorial Advisor Wang Look Fung

Editor Frances Teh

Editorial Committee Ang Lai Lee, Casiopia Low, Chan Suan Sim, Doreen Lim, Chua Ying Ying, Diana Chan, Donald Sng, Eileen Tan, Elizabeth Widjaja, Eva Ho, Grace Chia, Hayley Teo, Hoo Yao Lin, Joycelyn Tay, Karin Xiao, Lim Kah Ai, Lee Chin Siang, Lee Wan Jun, Maria Magdalena, Mohamed Yusof Mohamed, Roy Tan, Serena Toh, Sue Ann Huang, Teri Liew, Wong Chai Yueh, Woon Pek Yong, Vett Ramos, Yolanda Guo

Keppelite I May 2012 CO REG NO: 196800351N Editorial Seeding change, sustaining the future

Our global operations take Keppel into the Eco Village were encouraged to lay the bricks, heart of many local communities. Growing with literally, to build the homes for their families and these communities over the long term means that neighbours. We hope that by cultivating a sense we have to engage them, understand their needs of ownership and belonging, we will give some and respond with appropriate support. 60 families a leg up towards building better lives for themselves and future generations. Although the Keppel Group has been involved in philanthropic efforts through the decades, we have Another cause of enduring value which Keppel is sharpened our approach in recent years towards supporting is Words on Wheels, a mobile library achieving sustainable and enduring impacts on project equipped with books and multimedia communities wherever we operate. facilities to reach children across ten villages in Hanoi, Vietnam. This initiative engages Keppel’s Our focus is not to simply give, but to empower volunteers in opening new windows to the world lives for sustainable change and improvement. for young minds by stoking their enthusiasm for life-long learning and literacy. To achieve this, we aim to draw out the skills and abilities of those we help, encouraging and We are heartened that over time and commitment, enabling the needy to help themselves. We also these community-building projects ignite personal form meaningful alliances with government bodies aspiration, rebuild confidence, encourage as well as non-government agencies to extend ownership as well as deepen connections. our reach as well as provide platforms for our own At the same time, they provide fertile grounds people to serve as effective volunteers. to galvanise, engage and develop our people. Many Keppelites take up leadership roles driving A prime example embodying our thrust in specific social initiatives and derive personal sustainable philanthropy is the Keppel-GK Eco satisfaction from the fruition of these projects. Village housing project (see page 40 for story), which is being developed in the municipal Bauan, For Keppel, our greatest reward is in the knowledge in the province of Batangas, in the Philippines. that we are playing our part to empower We had joined hands with the local government communities and individuals from all walks of life and charity organisation, Gawad Kalinga (GK), towards a sustainable future. to develop a vibrant community to house under-privileged families.

Even as Keppel contributed building materials and volunteer builders, the beneficiaries of the

Keppelite I May 2012 4 Sustaining Growth

Yard of choice

In addition to record orders for newbuild rigs, Keppel FELS has secured several repair and modification projects from all over the world.

Mr Wong Kok Seng, MD of Keppel FELS, said, “Repair and modification projects are an essential part of our business. They are usually short term works which complement our longer term newbuild projects.

“Our yards are configured to be flexible in taking on repair work which sometimes includes emergency repairs. Our long-term customers Ensco’s DS-6 drillship undergoing modification and upgrades at Keppel FELS to meet BP’s latest enhanced voluntary drilling standards come to us not just for newbuilds but also because The project teams of BP, upgrade and modification Development and Export of our reliability and versatility Ensco and Keppel FELS works. Built in 2008 to the Authority. The rig is also in undertaking repair and shared on the safety Baker Marine Class 375 undergoing a steel renewal modification work.” aspects of the project and design, the rig arrived from and painting programme, as aligned to the goals of “No Spain and is being modified well as a refurbishment of its Ensco’s DS-6 drillship has Accidents, No Harm to for work in Indonesia. The living quarters. arrived from a shipyard in People, and No Damage to work scope includes blasting Korea for modification and the Environment”. and painting of the hull, In April 2012, Seadrill’s KFELS upgrades to meet BP’s latest cleaning and inspection B Class jackup rig, West enhanced voluntary drilling The yard also completed of spudcans, fabrication Callisto, stopped by Keppel standards. The work scope the repair of ENSCO 85, a and installation of diverter FELS for modification works includes upgrades to the LeTourneau 116-C jackup line supports and derrick on its way to Myanmar, blow-out preventer and rig, which underwent hull cladding. It is expected to be where the rig will be drilling controls, modifications to steel renewal, piping and completed in approximately for TOTAL. the accommodations and electrical work as well as the 40 days. installation of a 30-tonne refurbishment and upgrading Another repeat customer, winch. The drillship will of mechanical and drilling The jackup rig, Endeavor PetroVietnam Drilling, has commence its five-year equipment. – Spirit of Independence, sent in its first jackup rig, term contract with BP in previously named Adriatic XI, PVD 1, for spudcan repair 4Q 2012. Arriving on 19 May 2012, is undergoing winterisation and Special Periodic Survey Japan Drilling Company’s upgrades for work in Cook on its legs. Originally built in With strong emphasis on jackup rig, Hakuryu 10, has Inlet and possibly other Keppel FELS, the rig will head safety, BP hosted a safety been docked on Keppel FELS’ Alaskan offshore areas back to offshore Vietnam in

workshop on 31 March 2012. Can-Do Barge to undergo for the Alaska Industrial June 2012. keppelite

Keppelite I May 2012 Sustaining Growth 5

Resplendent Riviera

On his inaugural Hosting the visit were “The fundamentals for the tallest condominium state visit to Vietnam, Mr Teo Soon Hoe, Senior Vietnam have not changed. development in District 7 His Excellency Tony Tan ED of Keppel Corporation, It has a young and dynamic when completed in 2015. Keng Yam, President of the Mr Kevin Wong, Group population. It has a growing Republic of Singapore, visited CEO of Keppel Land, and middle class and a high Construction of Phase 1 of Keppel Land’s integrated Mr Linson Lim, President of urbanisation rate. And we Riviera Point is progressing on waterfront condominium Keppel Land Vietnam. believe that there’ll be home track. When completed, the development, Riviera Point, aspirations by this growing 40-storey high development in Ho Chi Minh City (HCMC) During the visit, President middle class.” will offer 2,400 apartments on 25 April 2012. Tan was briefed on Keppel’s amidst lush landscaping. property business in Vietnam During his visit, President Tan President Tan was which includes 18 licensed toured the show gallery for Riviera Point was launched accompanied by Singapore’s projects and a pipeline of Riviera Point. in June 2011. To date, about National Development about 22,000 homes, with 68% of the 277 launched Minister, Mr Khaw Boon a total investment capital of Jointly developed by Keppel units have been sold. Wan, Senior Minister of almost USD 2 billion. Some Land with its established Riviera Point was recently State, Ms Grace Fu, as 14 of the 18 developments Vietnamese partner, Tan awarded the Highly well as senior officials from are situated in the country’s Truong, Riviera Point is Commended Mixed-Use the Ministry of National economic hub, HCMC. located along the Ca Cam Development in Vietnam Development, Ministry of River and is in close proximity by International Property Foreign Affairs and Ministry Speaking at the sidelines to the established Phu My Awards 2012 (read more on of Trade and Industry. of the visit, Mr Lim said, Hung Township. It will be page 7). keppelite

(From left) Mr Teo Soon Hoe, Senior ED of Keppel Corporation; His Excellency Tony Tan Keng Yam, President of the Republic of Singapore; Mr Linson Lim, President of Keppel Land Vietnam; Mr Kevin Wong, Group CEO of Keppel Land and Singapore’s National Development Minister, Mr Khaw Boon Wan, at the Riviera Point show gallery

Keppelite I May 2012 6 Sustaining Growth

100-percent commitment Having completed more than 100 FPSO/FSO/FSRU conversion and upgrading projects, Keppel Shipyard consolidates its position as a choice shipyard for customers from around the world.

Leader in the conversion yard’s 100th successful another six process modules The FPSO has been chartered and upgrading of Floating FPSO/FSO/FSRU conversion supplied by SBM Offshore. by Petrobras to support Production Storage and and upgrading project. It is its production activities in Offloading (FPSO) vessels, presently on a 45-day journey FPSO Cidade de Paraty has Baleia Azul Field, in Floating Storage and to BrasFELS in Brazil. a production capacity of Espirito Santo Basin, offshore Offloading (FSO) vessels 120,000 barrels of oil per day Brazil. and Floating Storage and Vincent Koh, Senior Project and is capable of compressing Regasification Units (FSRU), Manager at Keppel Shipyard, five million cubic metres of Anthony Maria, Senior Keppel Shipyard recently said, “The SBM Offshore gas per day. Project Manager at Keppel bolstered its track record and Keppel Shipyard project Shipyard, said, “The project with the safe and prompt teams share good rapport Cidade de Anchieta was challenging as it had a completion of two projects and understanding. As Keppel Shipyard has also tight turnaround schedule. for SBM Offshore. such, effective decisions completed the fast-track Strong teamwork and open were made on all work modification and upgrading communication between Cidade de Paraty activities, from engineering of FPSO Cidade de us and SBM Offshore Arriving at Keppel Shipyard to construction. The success Anchieta, previously named facilitated good and timely on 6 August 2011, FPSO of the project was also due FPSO Espadarte, for SBM decisions throughout the Cidade de Paraty was the to the strong support that Offshore. The FPSO was duration of the project. we had received from all converted at the yard stakeholders, including in 2000. “The project’s success was subcontractors.” also due to Keppel and With safety as the top SBM Offshore’s effective BrasFELS’ work scope on the priority, more than five work methodologies, vessel includes the fabrication million safe man-hours were which have been and installation of six process clocked on the project since refined through multiple modules as well as the it arrived at Keppel Shipyard collaborations with each

installation and integration of in August 2011. other.” keppelite

FPSO Cidade de Paraty underwent conversion at Keppel Shipyard and is now on a 45-day journey to BrasFELS in Brazil

Keppelite I May 2012 Sustaining Growth 7

Winning regional recognition

Ocean Financial Centre clinched the highest Five Star rating for three award categories at the International Property Awards 2012

Creating quality live-work- the commercial building and Best Office Architecture generation building to rise play developments across sector, having attained the in Asia Pacific. It will go on the same site as the Asia, Keppel Land has clinched highest Five Star rating for on to compete with former Ocean Building. multiple prestigious real three award categories at projects from around the Designed by internationally- estate awards in recognition the International Property world in the international acclaimed Cesar Pelli of of its contribution to the built Awards 2012 held in Kuala awards segment to be Pelli Clarke Pelli, it stands environment. Lumpur on 27 April 2012. held in London in out for its exceptional design December 2012. and leading-edge green Marks of excellence The office tower was features, such as the largest Ocean Financial Centre awarded the Best Commercial Completed in April 2011, the assembly of solar panels continues to maintain its High-Rise Development, 43-storey Ocean Financial for high-rise buildings in status as the eco-icon in Best Office Development Centre is the fourth- Singapore.

Continues on page 8...

Keppelite I May 2012 8 Sustaining Growth

...continued from page 7.

(From left) Mr Warren Bishop, CEO of Raffles Quay Asset Management, together with representatives from the joint venture partners of Marina Bay Financial Centre, Mr Tan Swee Yiow, President (Singapore Commercial), Keppel Land, Mr Justin Chiu, ED, Cheung Kong (Holdings) and Mr James Robinson, ED, Hongkong Land, accept the awards for the Office category for Marina Bay Financial Centre and runner-up in the Residential (High-Rise) category for Marina Bay Residences at the FIABCI Prix d’Excellence Awards 2012

At the same time, Riviera Double FIABCI wins infrastructure. Beyond The development was Point, in District 7 of Ho Chi Marina Bay Financial awards, this reaffirms our lauded for its innovative Minh City, was awarded Centre (MBFC) Phase 1 has commitment to deliver only architecture and mix of office the Highly Commended clinched the award in the the best for our tenants and spaces, waterfront homes Mixed-Use Development in Office category at the FIABCI homeowners.” and retail mall. It also won Vietnam. Prix d’Excellence (FIABCI) praise for the successful use Awards 2012 while Marina The results were announced of its prime waterfront locale Developed by Keppel Land Bay Residences (MBR), the at the Prix d’Excellence and efficient use of land and its Vietnamese partner, residential project in MBFC Awards and Dinner on as well as the developer’s Tan Truong, the 40-storey Phase 1, was runner-up in 15 May 2012, in conjunction efforts to minimise high development, which is the Residential (High Rise) with the FIABCI 63rd environmental and currently under construction, category. World Congress 2012 in social impact during the will offer residents of 2,400 St Petersburg, Russia. construction process. luxury apartments varied Mr Warren Bishop, CEO shopping, dining and of Raffles Quay Asset Phase 1 of MBFC, which The FIABCI award is the most recreational options when Management, manager of comprises the fully-tenanted prestigious international real fully completed. MBFC, shared on MBFC’s office towers 1 and 2, estate award that recognises win, “The FIABCI award is fully-sold MBR and fully- the world’s most distinctive Launched in 1995, the a prestigious win for both leased Phase 1 of Marina Bay projects for their success in International Property MBFC and Singapore. It Link Mall, was judged among overall concept, architecture Awards celebrate the highest reinforces our position as an 60 other projects from 13 and design, development levels of achievement by outstanding development countries in 14 categories and construction, community companies operating in all and enhances Singapore’s by an international panel of benefit, environmental sectors of the property and status as a key financial top real estate experts and impact as well as financial real estate industry. hub with world-class industry professionals. and marketing.

Keppelite I May 2012 Sustaining Growth 9

Conquering CONQUAS at the BCI Asia Awards Nominated by the Royal two instructors, Principal Testament to its high built ceremony held on 4 May Yachting Association (RYA) Tan Thong Meng, the only quality, Reflections at 2012. of the UK, MKB came Asian RYA Yachtmaster Keppel Bay has achieved a out tops amongst other Examiner in the world, top score of 95.9 for the Into its eighth year, the nominees such as Singapore and Chief Instructor internationally-acclaimed awards are bestowed to Management University Lynnette Leong, who CONQUAS (Construction firms that will shape the built Sailing Club and SAF won Club Coach of Quality Assessment environment of tomorrow, Yacht Club. the Year at the 2011 SSF System) by the Building enabling the market to better Annual Awards. She is also and Construction Authority understand the important Accepting the award on the only RYA Yachtmaster of Singapore. roles these firms play as behalf of MKB, Mr Trevor Instructor in Singapore. well as their social and Fong, GM of MKB, said, This ranks the iconic environmental impact. “We are pleased to have The event included an development the fourth received this award for our auction for art pieces in highest in the residential Club of the year contribution to the sailing support of SSF’s charity category in the national For its contributions to the community with our high- initiative to aid talented yardstick for the quality of sailing industry, Marina at quality Keppel Bay Sailing sailors from humble family building projects. Today, Keppel Bay (MKB), home of Academy programmes backgrounds sustain CONQUAS is internationally Keppel Bay Sailing Academy accredited by RYA. This top-level sailing training accepted not only in (KBSA), has been initiated is in recognition of our and to fund improvement Singapore, but also in China, into the Singapore Sailing efforts to promote sailing projects to the ageing Hong Kong, Malaysia, United Federation’s (SSF) list of locally and regionally, and National Sailing Centre. Kingdom, Australia, South members. At the same we will continue to strive MKB supported the cause Africa and India. time, it was named Club for excellence.” with a successful bid for a of the Year amongst keen photography piece taken Choice developer competition at the 2012 MKB’s latest award is earlier this year during the Keppel Land was named SSF Annual Awards and testament to the quality Singapore stopover of the one of the top 10 developers Charity Gala Night on of courses and charters Clipper Round the World in Singapore and Vietnam 21 April 2012. carried out by the KBSA’s Yacht Race. keppelite

Marina at Keppel Bay was named Club of the Year at the 2012 Singapore Sailing Federation Annual Awards and Charity Gala Night

Keppelite I May 2012 10 Sustaining Growth

Australian ties

Prime Minister (PM) Julia Ms Gillard shared her Gillard was on a two-day plans to offer Asia’s visit to Singapore from growing middle class more 23 April 2012, her first of Australia’s produce, official visit to Singapore products and services. since taking office in June Dr Lee also introduced 2010. Keppel’s key businesses.

Keppel Corporation’s Singapore is Australia’s Chairman Dr Lee Boon Yang fifth largest investor and its met with the Australian PM largest ASEAN partner. In over a working lunch with 2011, Australia contributed Singapore business leaders about $140 million to at the Shangri-La Hotel. Keppel Group’s total revenue. Australian Prime Minister Julia Gillard with Dr Lee Boon Yang, Chairman of Keppel keppelite Corporation (right)

Excellence in governance

Keppel Corporation was Keppel’s commitment ranked fourth while to raise standards in Keppel Land and Keppel corporate governance Telecommunications & and transparency. Transportation (Keppel T&T) were ranked sixth and The study is a collaborative 13th respectively. These effort between the National companies have consistently University of Singapore’s ranked in the top 20 Business School’s Centre for since GTI was launched Governance, Institutions and in 2009. Organisations, CPA Australia and The Business Times. The GTI 2012 mean score was 34.9, from a total of Companies were assessed 674 SGX-listed companies on their corporate Mr Paul Tan (left), Group Controller of Keppel Corporation, receives a plaque from Mrs ranked. Keppel Corporation, governance disclosure and Josephine Teo, Minister of State for Transport and Finance Keppel Land and Keppel practices, as well as the T&T achieved creditable timeliness, accessibility and Keppel’s efforts to been recognised in scores with 93, 92 and 81 transparency of financial continually improve its the Governance and points respectively. The results announcements.

corporate governance and Transparency Index scores were improved from keppelite disclosure practices have (GTI) 2012. the previous year, reflecting

Keppelite I May 2012 Sustaining Growth 11

Driving progressive partnerships

(From left) Mr Aziz Merchant, ED of KOMtech (Deepwater), Keppel FELS (Engineering) and Keppel’s Deepwater Technology Group, Professor Chan Eng Soon, Dean of Engineering of NUS, Mr Scott Cummins, Chairman, Board of Managers of FloaTEC, LLC, and Mr Wong Ngiam Jih, CFO of Keppel O&M, signed the MOU on 9 May 2012

Keppel Offshore & Marine Merchant, ED of KOMtech and potential applications partners to be engaged in all (Keppel O&M), Keppel (Deepwater), Keppel FELS of emerging technologies phases of offshore deepwater Offshore & Marine Technology (Engineering) and Keppel’s through the research field developments – from Centre (KOMtech), National Deepwater Technology projects of Brazilian basic research, technology University of Singapore Group; Professor Chan Eng universities. On the training components and concepts to (NUS) and FloaTEC has Soon, Dean of Engineering front, the parties will work the delivery of commercially signed a Memorandum of NUS and Mr Scott together to provide industrial attractive designs validated of Understanding (MOU) Cummins, Chairman, Board attachments as well as for use in Brazil,” explained to form a consortium that of Managers of FloaTEC, seminars or workshops for Mr Eric H Namtvedt, President is committed to meet the LLC, signed the MOU on 9 Brazilian students. of FloaTEC, LLC. challenges of deepwater May 2012. field developments in Brazil. Mr Merchant shared, “Keppel Professor Chan Eng Soon Also present at the strives to improve its research added, “The formation of the This consortium will explore signing ceremony were and development efforts and consortium is indeed timely. collaborations with Brazilian representatives from the innovation of new ideas. This Bringing together industry universities, research Singapore Maritime agreement helps to ensure and tertiary institutions will institutions and industry Institute. that we continue to offer elevate the value proposition partners in the offshore and value propositions to our of our engagement to marine industry to develop The consortium will support customers that are second new heights. I believe our technologies and training both undergraduate and to none.” colleagues in the Brazilian opportunities. postgraduate engineering universities are just as excited programmes in Brazilian “Their unique skill sets and and we look forward to the Mr Wong Ngiam Jih, CFO universities. The parties will respective places in the R&D journey ahead as a member of Keppel O&M; Mr Aziz also identify opportunities value chain enable the MOU of the consortium.” keppelite

Keppelite I May 2012 12 Sustaining Growth

Strategic appointments Governance and leadership continue to be strengthened across the Keppel Group.

Professor Neo Boon Siong, Mr Michael Chia Hock Chye and BG(NS) Tay Lim Heng

On board appointments, Mr Teo Soon the Civil Service College School, and Cornell Hotel Keppel Telecommunications Hoe, Chairman of Keppel and the Centre for Liveable School. & Transportation (Keppel T&T, said, “Boon Siong and Cities. T&T) has appointed Michael together will bring Mr Chia was also appointed Professor Neo Boon Siong to Keppel T&T a wealth of He was the founder as MD (Technology) of Keppel and Mr Michael Chia experience, which will help Director of the Information Offshore & Marine (Keppel Hock Chye to its Board of to strengthen the company’s Management Research O&M) with effect from Directors with effect from foundation and capabilities Centre (IMARC) in NTU and 1 June 2012. He will report 2 May 2012. in capturing opportunities the Asia Competitiveness to Mr Chow Yew Yuen, COO in the logistics and data Institute in NUS. He currently of Keppel O&M. As an independent centre markets.” serves as independent non-executive director, director on the board of He will concurrently Professor Neo was also Professor Neo is Chairman directors of OCBC Bank and hold his appointment as appointed as chairman of of the Nanyang Executive k1 Ventures Ltd. Director (Group Strategy the Audit Committee and Education and former & Development) of Keppel a member of the Board Dean of the Nanyang Professor Neo is a Certified Corporation, where he will Risk Committee. Business School, Nanyang Public Accountant report to Mr Choo Chiau Technological University (Singapore) and holds a Beng, CEO of Keppel Mr Chia was appointed (NTU), Singapore. Bachelor of Accountancy Corporation. Prior to this, as a non-independent (Honours) from NUS, and he was the MD (Offshore) non-executive director and He taught at the Lee Kuan MBA and PhD degrees from of Keppel O&M, Executive a member of the Board Yew School of Public Policy the University of Pittsburgh, Director of Keppel FELS Risk Committee. in the National University of USA. He completed executive from 2002 to 2009 with Singapore (NUS) from 2006 programs at the Harvard overall responsibility of Commenting on the to 2010, and is a Fellow of Business School, MIT Sloan the business management

Keppelite I May 2012 Sustaining Growth 13

of the company, and the and Keppel Singmarine with Helming operations Deputy Chairman of Keppel effect from 18 April 2012. in the Americas Integrated Engineering Mr Tan Geok Seng has been (KIE). BG(NS) Tay is also Head, appointed as President of Sustainable Development, Keppel Offshore & Marine He has more than 30 years of Keppel Group. Prior USA (Keppel O&M USA) and of management experience to joining the Group, Mr Tommy Sam has been in corporate development, BG(NS) Tay served in the seconded and appointed as engineering, operations Singapore Administrative VP of Keppel O&M USA with and commercial. He was Service as Deputy Secretary effect from 1 May 2012. elected as the President of (Development) in the Ministry the Association of Singapore of National Development. Mr Tan will focus on North Marine Industries from and Central Americas 2005 to 2009, a non-profit Before that, he was the and continue to serve association formed in 1968 Chief Executive of the as President and CEO of Mr Tan Geok Seng to promote the interests Maritime and Port Authority Keppel AmFELS. Mr Tan will of the marine industry in of Singapore, where he report to Mr Chow Yew Singapore. was also a Board Member Yuen, COO of Keppel O&M of the Singapore Maritime and Chairman of Keppel Mr Chia is currently Foundation, Centre of O&M USA. Chairman of the Singapore Maritime Studies (NUS), Maritime Foundation, Tropical Marine Science Mr Tan joined Keppel FELS member of the Ngee Ann Institute (NUS), a Member in 1981. He was seconded Polytechnic Council, Society of Class NK Singapore from Keppel FELS to Keppel of Naval Architects and Committee and a Vice AmFELS as the Executive Marine Engineers Singapore, President of the International VP in 1997, after serving and American Bureau of Association of Ports and in departments such as Shipping – USA and Society Harbours. Engineering, Commercial, of Petroleum Engineers. Project Management and He is a Fellow with the BG(NS) Tay held various Operations. Singapore Institute of key appointments in the Arbitrators. Singapore Armed Forces, He returned to Keppel FELS Mr Tommy Sam including Director of Joint in 2001, and was seconded Mr Chia holds directorships Intelligence Directorate, to Keppel AmFELS a second in several companies 6th Division Commander time in 2002. He was within the Keppel Group, and Assistant Chief of appointed as CEO of Keppel He will also concurrently including KIE, Keppel General Staff (Operations). AmFELS in 2007. hold his appointment as FELS, Keppel Shipyard and He was awarded the VP of Keppel FELS Brasil. Keppel Energy. Mr Chia is a Public Administration Medal Mr Tan holds a Bachelor in Mr Sam reports directly to Colombo Plan scholar and (Gold) (Military). BG(NS) Science in Marine Engineering the COO of Keppel O&M. holds a Bachelor in Science Tay obtained a Bachelor (First Class Honours) from in Naval Architecture and (Honours) in Engineering University of Newcastle- Mr Sam joined Keppel FELS Shipbuilding (First Class Science and Economics from Upon-Tyne. as an Accountant in 1994. Honours) from University of the University of Oxford He was seconded to Keppel Newcastle-Upon-Tyne and and a Masters in Public Mr Sam will oversee the FELS Brasil as CFO in 2003 an MBA from NUS. Administration from Harvard finance functions for and appointed as VP of University. He also attended Keppel O&M’s operations in Keppel FELS Brasil in 2009. Meanwhile, BG(NS) Tay Lim the Advanced Management the Americas and manage He holds a Bachelor in Heng, CEO of KIE, has joined Programme at Harvard Keppel FELS Brasil’s customers Economics from Monash the boards of Keppel Shipyard Business School. based in the US. University in Australia. keppelite

Keppelite I May 2012 14 Sustaining Growth

Fuelled by fundamentals In an interview with Reuters, Mr Choo Chiau Beng, CEO of Keppel Corporation and Chairman of Keppel Offshore & Marine (Keppel O&M), shared his perspectives on the offshore and marine industry.

Mr Choo shared, “Tighter Mr Choo shared, “The global marine fuel emission fundamentals of the energy standards will force some industry remain strong, ship owners to convert primarily because energy their vessels to run on less demand has been growing. polluting natural gas.” “Many people are moving A shift from low-sulphur from poverty to the middle diesel – which is more class in China, India, Brazil expensive than gas – is and many other countries. expected to spur retrofit for As people move into the vessels worldwide, which middle class, they consume will create a new market more energy.” for shipyards. Responding to expanding Mr Choo elaborated, global energy demand as “Right now, everybody well as high oil prices, major is looking at gas for oil and gas companies have bunkering ships. It is already reported that they would happening in Norway. accelerate their exploration Japan is looking at it and and production (E&P) we are too. It does make spendings. sense because of the sulphur restrictions in many Brazilian state oil company of these areas.” Petrobras SA, for instance, has a US$255 billion investment He also explained that programme for 2011 to oil refineries around the 2015, the bulk of which will world today are not capable go to E&P activities. of producing enough low-sulphur diesels to meet Sete Brasil Participações S.A. the demand from ships. (Sete Brasil), a associate of Petrobras which specialises Meanwhile, the performance in chartering drilling rigs for of Keppel O&M continues pre-salt exploration, has inked to be strong. The group a Letter of Intent with Keppel garnered $10 billion in new O&M for the design and orders in 2011. In 1Q 2012, construction of five DSS™ 38 the group reported that its drilling semisubmersible rigs. net order book stood at This is on top of the order in

CEO of Keppel Corporation and Chairman of Keppel Offshore & Marine, Mr Choo Chiau Beng, $8.4 billion, with deliveries December 2011 for a rig of shares insights on the offshore and marine industry with Reuters extending into 2015. the same model. keppelite

Keppelite I May 2012 Sustaining Growth 15

Celebrating strong Sino-Singapore ties

The Keppel Group was a Mr Goh Toh Sim, Keppel proud Platinum Sponsor of Corporation’s Chief the 10th Anniversary Dinner Representative in China, of Singapore Chamber of and Mr William Tan, GM Commerce and Industry (Northern China), Keppel in China (SingCham) on Land China, were there to 10 May 2012 in Beijing, China. mark the important milestone It was graced by Singapore’s with Keppel‘s friends and Deputy Prime Minister, associates. Coordinating Minister for National Security and The Keppel Group first Minister for Home Affairs, ventured into China in Mr Teo Chee Hean, and the 1980s, and has today Singapore’s Deputy Prime Minister Mr Teo Chee Hean (second from right), Chinese Commerce Chinese Commerce Minister, established presence in 21 Minister, Mr Chen Deming (second from left), Singapore’s Ambassador to China, Mr Stanley Loh (first from right) and SingCham Chairman, Ms Dorothy Seet, celebrate SingCham’s 10th Mr Chen Deming. cities. keppelite Anniversary

Honouring contributions

Two independent directors Deputy Chairman of Keppel the Audit and Remuneration 20 April 2012, relinquishing of Keppel Corporation, Corporation, relinquished Committees. his role as member on the Mr Lim Hock San, 65, and his role as chairman of the Nominating, Remuneration Mr Sven Ullring, 76, have Audit and Remuneration Mr Ullring relinquished his role and Board Safety Committees retired by rotation following Committees and as as chairman of the Board Safety of the company. Mr Khor the Company’s Annual member of the Board Risk Committee and member had served the board for General Meeting (AGM) on Committee. Mr Lim had of the Nominating and 14 years. 20 April 2012. served the board for 23 years. Remuneration Committees. Mr Danny Teoh has since He had served on the board Mr Choo Chiau Beng, Mr Lim, who was also been appointed chairman of for 12 years. Mr Tan Ek Kia Chairman of Keppel Land, now serves as chairman of the shared, “Poh Hwa has Board Safety Committee. played a significant role in contributing to Keppel Thanking Mr Lim and Mr Ullring, Land’s growth. During his Dr Lee Boon Yang, Chairman long tenure of service, he of Keppel Corporation, noted has left his indelible mark in their invaluable contributions, many ways. Those of us who wise counsel and dedicated have worked with him have service. benefitted from his expertise, wisdom, commitment, Mr Khor Poh Hwa, 62, passion, friendship and has also retired by rotation steady temperament under

following the conclusion pressure.” keppelite of Keppel Land’s AGM on Mr Choo Chiau Beng (right), Chairman of Keppel Land, thanks Mr Khor Poh Hwa for years of contribution to the company

Keppelite I May 2012 16 Sustaining Growth

International connections

Delegations from far and Erhama Bin Jaber Al Jalahma a wide spectrum of repair, shipyard is crucial to the wide called on Keppel Shipyard, located in Ras fabrication, maintenance development of a strong Offshore & Marine’s (Keppel Laffan Industrial City, on and construction works for and sustainable maritime O&M) global yards in Qatar, 26 April 2012. the marine, offshore and industry in Qatar.” Brazil and Singapore in April onshore industry. and May 2012. Nakilat’s ship repair and Nakilat’s MD, Muhammad shipbuilding joint venture Having toured the facilities, Ghannam, said, “Nakilat is Qatar TIES companies, Nakilat-Keppel H.E. Dr Mohamed bin Saleh honoured to be able to show In Qatar, H.E. Dr Mohamed Offshore & Marine (N-KOM) al-Sada shared, “Erhama Bin His Excellency first-hand bin Saleh al-Sada, Minister and Damen Shipyards Jaber Al Jalahma Shipyard large-scale developments in of Energy and Industry Qatar, form part of Erhama has brought world-class ship repair and shipbuilding and Chairman and MD of Bin Jaber Al Jalahma ship repair and shipbuilding that are happening in Qatar Petroleum, visited Shipyard. N-KOM provides facilities to Qatar. The Qatar right now. Erhama Bin Jaber Al Jalahma Shipyard has grown to become a world-leading facility for a global market.”

Brazil beckons Over in Brazil, Singapore’s Minister for Trade and Industry, Mr Lim Hng Kiang, who was there to promote trade relations between the two countries, visited Keppel FELS Brasil’s BrasFELS yard in Angra dos Reis, on 10 May 2012. In operation since

H.E. Dr Mohamed bin Saleh al-Sada (fifth from left, foreground), Qatar’s Minister of Energy and Industry and Chairman and MD of Qatar 2000, BrasFELS has been Petroleum, recently visited Nakilat-Keppel Offshore & Marine a significant contributor to Brazil’s oil and gas production as well as Singapore’s economic collaboration with Brazil.

Minister Lim was hosted by Mr Choo Chiau Beng, CEO of Keppel Corporation and Chairman of Keppel O&M, who is also Singapore’s Non-Resident Ambassador to Brazil.

The delegation was led on a Singapore’s Minister for Trade and Industry, Mr Lim Hng Kiang (ninth from left), and his delegation visited BrasFELS where he was hosted by Mr tour of the yard by Mr Kwok Choo Chiau Beng (fifth from left), CEO of Keppel Corporation and Chairman of Keppel O&M, who is also Singapore Non-Resident Ambassador to Brazil, and Mr Kwok Kai Choong (seventh from left), President & CEO of Keppel FELS Brasil Kai Choong, President &

Keppelite I May 2012 Sustaining Growth 17

CEO of Keppel FELS Brasil. US visits Keppel O&M and Keppel and invited Mr Choo and The yard is currently working Back in Singapore, Keppel AmFELS in Brownsville, Texas, Mr Chow to consider further on key projects such as the O&M hosted the US Under US. The Under Secretary expansion in the country.

P-61 tension leg wellhead Secretary of Commerce welcomed Keppel O&M’s keppelite platform, the Noble Roger for International Trade, investments in the US, Eason drillship, Floating Mr Francisco Sanchez, and Production Storage and his delegation on 17 May Offloading vessel (FPSO) 2012, who were in town Cidade de Sao Paulo and to attend the Trade Winds the topside modules of FPSO Asia event. Cidade de Paraty as well as the semisubmersible rig The delegation was warmly Ocean Star. welcomed by Mr Choo and Mr Chow Yew Yuen, COO of As the delegation learnt Keppel O&M, as well as other more about the yard’s senior management. The past and present projects, visit, which included a tour Minister Lim commented of Keppel FELS and Keppel that the yard has a “very Shipyard, gave the Under impressive spectrum of deep Secretary and his delegation competencies.” a deeper understanding of US Under Secretary of Commerce for International Trade, Mr Francisco Sanchez (right), visited Keppel O&M as part of his trade mission to Singapore

Promoting safety

Beyond promoting safety the campaign was launched presented a safety bonus of man-hours worked on the at its workplaces, Keppel by Minister of State for US$15,000 on 23 April 2012 Floating Production Storage also supports national safety Manpower, Mr Tan Chuan by Bumi Armada Berhad for and Offloading vessel, initiatives. Jin, on 26 April 2012. achieving one million safe Armada Sterling. keppelite

In line with this commitment, Walking the talk, Keppel the Keppel Group contributed Offshore & Marine continues $100,000 to the National to uphold safety at its yards, Workplace Safety & Health which received safety campaign 2012. bonuses from customers recently. This year’s campaign slogan, “Stop the Assumptions, Stop For achieving 2.5 million Work Accidents”, highlights safe man-hours on the to employers and employees construction of B319 project, that making assumptions can the first KFELS B Class jackup be dangerous and may result rig for Offshore Driller 5, in work accidents. Keppel FELS was awarded a bonus of US$10,000 on Organised by the Workplace 10 April 2012. Safety and Health Council and GL Noble Denton Project Manager Mr Ognian Todorov (right), on behalf of Offshore Driller 5, the Ministry of Manpower, Keppel Shipyard was also presents the safety bonus cheque to Keppel FELS Project Manager Loe Hauw Sheong

Keppelite I May 2012 18 Sustaining Growth

Sustainability study

Sino-Singapore Tianjin At the WTE plant, Vice an overview of KIE’s suite of Eco-City, a landmark Chairman Zhang was solutions and services. Vice project between Singapore welcomed by Mr Loh Ah Chairman Zhang’s visit to Rewarding and China, continues to Tuan, Consultant & Director Singapore concluded with green strengthen its capabilities of Keppel Integrated a dinner hosted by Mr Teo in sustainable solutions. Engineering (KIE). The Soon Hoe, Senior ED of innovation

delegation was also given Keppel Corporation. keppelite The final competition for Mr Zhang Yanfa, Vice the ‘Eco-City Cup 2012: Chairman of the Sino- Varsity Green Innovation Singapore Tianjin Eco-City Competition’ was held on Administrative Committee 21 April 2012 in Tianjin (ECAC), led a delegation to and saw the team from Singapore from 13 to 15 May Nankai University emerge 2012 to study best practices victorious. on sustainable development, especially in the areas of solid The competition is waste management. jointly organised by Sino-Singapore Tianjin During his trip, Vice Chairman Eco-City Investment Zhang visited the Keppel and Development Co. Seghers Tuas Waste-to- Ltd (SSTEC), the master Energy (WTE) plant, which is developer of the Sino- the first incineration plant in Singapore Tianjin Singapore to be built under Eco-City, and Peter the National Environment Drucker Management Agency’s Public Private ECAC Vice Chairman Zhang Yanfa (right) visited the Keppel Seghers Tuas WTE plant to learn about Keppel’s capabilities in solid waste management Academy to promote Partnership initiative. green innovation and sustainable development principles amongst university students.

Launched in August 2011, the competition saw six entries shortlisted from more than 70 entries from 20 universities across 14 cities in China. The topics included innovation in soil treatment, water-saving toilets, solar photovoltaic wall designs, intelligent transportation signal system, innovative urban landscape and ecological weddings. Mr Teo Soon Hoe (right), Senior ED of Keppel Corporation, hosts Vice Chairman Zhang (centre) to dinner

Keppelite I May 2012 Sustaining Growth 19

On track for growth

As Keppel Telecommunications & Transportation (Keppel T&T) continues to achieve new milestones in its growth strategy, it spares no effort in nurturing connections with potential partners and customers.

Enhancing Gracing the opening ceremony of the 44 Benoi Road warehouse (from left): Keppel T&T directors Mr Tan Boon Huat and Professor Bernard Tan, capabilities Guest-of-Honour Mr Teo Soon Hoe, Senior ED of Keppel Corporation and Chairman of Keppel T&T, together with Project Manager Yap On 21 April 2012, Keppel T&T Chor Hian and Keppel Logistics CEO Mr Gui Eng Hwee celebrated the completion of the refurbishment and It also features high redevelopment of its oldest ceilings and wide-column warehouse. The project was spacing to ensure optimum completed with a perfect use of space. safety record, on time and within budget. Equipped with green features, the warehouse Keppel Logistics warehouse achieves lower energy area at 44 Benoi Road was consumption through the doubled to 19,800 sm to use of natural lighting meet increasing demand for and ventilation as well as customised logistics services. energy-saving devices. Mr Vincent Ko, CEO for Logistics China, Keppel T&T, presents a token of appreciation The expansion is in line with to Mr Zhang Wenke, Deputy Commander of Diaolang (Diaoliang) Project Construction its growth strategy to be the Extending Headquarters, Zhoushan City leading integrated logistics connections solutions provider in the Asia Keppel T&T also welcomed CEO for Logistics China, (Foshan) Limited, a leading Pacific region. visitors who were keen to Keppel T&T, and other senior integrated port logistics learn more about its solutions management representatives service provider. Keppel The facility is currently fully and to promote stronger from across Keppel. Following T&T is also developing a occupied and provides ties. On 15 May 2012, an a presentation on the Keppel river port along Yangtze one-stop integrated 18-member delegation from Group, the delegation gained River, which will serve Wuhu logistics services to support Zhoushan City, Zhejiang a deeper understanding of City, Anhui Province and the operations of Keppel province, led by Mr Zhang Keppel’s core businesses and the central region of China FELS. Customised to serve Wenke, Deputy Commander capabilities, particularly its when completed. Earlier this as an offshore and marine of Diaolang (Diaoliang) competencies in integrated year, Keppel T&T’s wholly- logistics hub, the warehouse Project Construction port logistics services in owned subsidiary signed a is equipped with modern Headquarters, Zhoushan China as well as its expertise joint venture agreement with material handling equipment, City, visited Keppel T&T’s in cold chain logistics. the Jilin City Government to such as specialised headquarters in Singapore. jointly develop and operate overhead crane systems and Keppel T&T has a significant the Sino-Singapore Jilin high-tier very narrow aisle The guests were warmly presence in China through its Food Zone International pallet storage systems. received by Mr Vincent Ko, subsidiary, Keppel Logistics Logistics Park. keppelite

Keppelite I May 2012 20 Sustaining Growth

Vessels of power Keppel Singmarine has been adding to its solid track record with larger and more sophisticated projects such as ice-breaking vessels for the Arctic and Caspian Sea, as well as purpose-built platform supply and rock dumping vessels. Mr Hoe Eng Hock, ED of Keppel Singmarine, shared on the outlook for specialised and offshore support vessels with Money Mind.

Built by Keppel Singmarine, ROCKPIPER, a rock dumping vessel for Royal Boskalis, is equipped to carry out precise rock depositing works at Mr Hoe Eng Hock, ED of Keppel Singmarine water depths of more than 1,000m

How is this rock water depths of more than is brought by the growing regulatory frameworks are dumping vessel different 1,000m. fleet of oil rigs and the further driving demand for from other specialised replacement demand from innovation in the design vessels which Keppel This example demonstrates an aging offshore support of offshore support vessels Singmarine has built? the competencies and vessel fleet. to improve operational Rock dumping vessels are capabilities of Keppel efficiency and safety. special vessels capable of Singmarine. Increased work in deepwater depositing large amounts of and harsh environments What is the outlook for rocks in deep waters with Besides project execution, continues to drive demand Keppel Singmarine? great precision to protect we are also involved for specialised and Our core competencies and stabilise cables as well in detailed production technically sophisticated in technology excellence as oil and gas pipelines on engineering and the system offshore construction and project execution will the seabed. integration of this vessel. vessels that can cater for differentiate us from our large accommodation competitors and enable us Our rock dumping vessel, Where does the demand requirements. to respond convincingly named ROCKPIPER, has a for these specialised and with innovative and carrying capacity for 24,000 offshore support vessels In addition, changing cost-effective solutions to tonnes of rock and is come from? customer requirements as meet the offshore industry’s equipped to carry out precise The demand for specialised well as stricter operating demand for new products

rock depositing works at and offshore support vessels environments and and services. keppelite

Keppelite I May 2012 Special Focus 21

Toasting to strong partnerships at Keppel O&M’s 10th anniversary party held at the Offshore Technology Conference in Houston are the Board of Directors and senior management of Keppel Corporation and Keppel O&M

In the last 10 years, with the trust and support of all our customers and industry partners, Keppel O&M has achieved good growth. We have built up a robust track record of deliveries and partnered customers to expand our suite of proprietary solutions. Mr Choo Chiau Beng, CEO of Keppel Corporation & Chairman of Keppel O&M

Continues on page 22...

Keppelite I May 2012 22 Special Focus

...continued from page 21.

(Top row from left) Mr Chow Yew Yuen, COO of Keppel O&M, Mr Patricio Alvarez Morphy, President of Perforadora Central S.A. De C.V., Dr Lee Boon Yang, Chairman of Keppel Corporation; Mr Choo Chiau Beng, CEO of Keppel Corporation and Chairman of Keppel O&M, Mr Larry Dickerson, CEO of Diamond Offshore Drilling, Mr Michael Chia, Director (Group Strategy & Development) of Keppel Corporation and MD (Technology) of Keppel O&M; Ms Wang Look Fung, Director (Group Corporate Affairs) of Keppel Corporation, Mr Steven Roll, VP and GM of Atlantic at McDermott International Inc.; Mr Solomon Ortiz, former US Representative for Texas’ 27th congressional district, Mr Tong Chong Heong, CEO of Keppel O&M, Mr Solomon Ortiz Jr., President of OCS Group; Mr Tan Geok Seng, President of Keppel O&M USA and President and CEO of Keppel AmFELS, Mr Michael Holcomb, President/Director of Keppel Marine Agencies and Mr Bob McKechnie, Director at Transocean (Second row from left) Mr Choo Chiau Beng, Mr Antonio Augusto de Queiroz Galvão, President of Queiroz Galvão Óleo e Gás (QGOG), Mr Jonathan Fairbanks, Board Member of Floatel International and Managing Partner of Global Energy Capital, Mr Gustavo de Queiroz Galvão, Assistant Director of QGOG; Mr Tong Chong Heong, Mr Steven L Newman, President and CEO of Transocean; Mr Lee Kian Soo, Executive Chairman of Ezra, Mr Nelson Yeo, MD (Marine) of Keppel O&M; Mr John Irwin, former CEO of Atwood Oceanics and Mr Wong Kok Seng, MD of Keppel FELS; Mr Danny Teoh, Board Member of Keppel Corporation, Mr Loh Chin Hua, CFO of Keppel Corporation, Mrs Oon Kum Loon, Board Member of Keppel Corporation, Mr Teo Soon Hoe, Senior ED of Keppel Corporation; Mr Sit Peng Sang, Board Member of Keppel O&M, Mr Manav Kumar, President of Deepwater Drilling & Industries Limited and Mr Sid Roy, President of Arya Offshore

Ten years of excellence

Keppel Offshore & Marine friends mark the occasion Near Customer strategy to that we deliver our (Keppel O&M) celebrated with directors and senior better serve our customers promises to complete its 10th anniversary on management from Keppel. wherever they are. Since projects safely, on time, and 1 May 2012 at its annual our integration 10 years within budget.” cocktail party held at Mr Choo Chiau Beng, CEO ago, Keppel O&M has been the Offshore Technology of Keppel Corporation and focused on harnessing the Held from 30 April to 3 May Conference (OTC) in Chairman of Keppel O&M, synergies and collective 2012, OTC is the largest Houston, Texas, US. spoke of the partnerships strengths of its members annual oil and gas event in that were integral to the to maximise value for its the world, bringing together The highly anticipated party, company’s success. stakeholders. industry experts and top one of the key highlights executives from some 40 at OTC, saw over 1,000 He said, “Over the last “Looking ahead, countries and over 2,500 customers, business decade, we have forged we will continue companies. associates, partners and ahead with our Near Market, to work hard to ensure Continues on page 24...

Keppelite I May 2012 23

(Top row from left) Mr Chow Yew Yuen, COO of Keppel O&M, Mr Patricio Alvarez Morphy, President of Perforadora Central S.A. De C.V., Dr Lee Boon Yang, Chairman of Keppel Corporation; Mr Choo Chiau Beng, CEO of Keppel Corporation and Chairman of Keppel O&M, Mr Larry Dickerson, CEO of Diamond Offshore Drilling, Mr Michael Chia, Director (Group Strategy & Development) of Keppel Corporation and MD (Technology) of Keppel O&M; Ms Wang Look Fung, Director (Group Corporate Affairs) of Keppel Corporation, Mr Steven Roll, VP and GM of Atlantic at McDermott International Inc.; Mr Solomon Ortiz, former US Representative for Texas’ 27th congressional district, Mr Tong Chong Heong, CEO of Keppel O&M, Mr Solomon Ortiz Jr., President of OCS Group; Mr Tan Geok Seng, President of Keppel O&M USA and President and CEO of Keppel AmFELS, Mr Michael Holcomb, President/Director of Keppel Marine Agencies and Mr Bob McKechnie, Director at Transocean (Second row from left) Mr Choo Chiau Beng, Mr Antonio Augusto de Queiroz Galvão, President of Queiroz Galvão Óleo e Gás (QGOG), Mr Jonathan Fairbanks, Board Member of Floatel International and Managing Partner of Global Energy Capital, Mr Gustavo de Queiroz Galvão, Assistant Director of QGOG; Mr Tong Chong Heong, Mr Steven L Newman, President and CEO of Transocean; Mr Lee Kian Soo, Executive Chairman of Ezra, Mr Nelson Yeo, MD (Marine) of Keppel O&M; Mr John Irwin, former CEO of Atwood Oceanics and Mr Wong Kok Seng, MD of Keppel FELS; Mr Danny Teoh, Board Member of Keppel Corporation, Mr Loh Chin Hua, CFO of Keppel Corporation, Mrs Oon Kum Loon, Board Member of Keppel Corporation, Mr Teo Soon Hoe, Senior ED of Keppel Corporation; Mr Sit Peng Sang, Board Member of Keppel O&M, Mr Manav Kumar, President of Deepwater Drilling & Industries Limited and Mr Sid Roy, President of Arya Offshore

Built to last – the Keppel Offshore & Marine story

Keppel O&M has enjoyed rig designer and builder; profit of $1.5 billion and global network, which healthy growth over the Keppel Shipyard, the expert in $82 million respectively. In today comprises Ten years of excellence past decade, establishing ship repair and conversions; 2011, Keppel O&M’s turnover 20 yards. itself as the preferred and Keppel Singmarine, the was $5.7 billion, while its net provider for a diverse range shipbuilding specialist. profit was $1.1 billion. Its net Mr Tong Chong Heong, of offshore and marine order book has also grown CEO of Keppel O&M, said, services globally. Harnessing the synergies from $1.9 billion in 2003 to “We will be where people and collective strengths $9.4 billion in 2011. drill for offshore oil and Until a decade ago, of the amalgamation gas, use sea transport or Keppel’s stable of allowed Keppel O&M to In addition, working as a engage in other offshore shipyards ran as separate offer exceptional value unified network has enabled activities. Our Near entities. Their integration propositions to its customers Keppel O&M’s group Market, Near Customer in 2002 brought together worldwide. of companies to better strategy ensures that we three different operating rationalise their operations, deliver our services at the companies with more than In 2001, the component costs and resources. doorsteps of our customers 300 years of combined companies of Keppel worldwide.” experience in the industry O&M had a combined Keppel O&M has since – Keppel FELS, the leading annual turnover and net further expanded its

Keppelite I May 2012 24 Special Focus

...continued from page 23.

Well wishes

“I am very happy to be a “I wish to thank Keppel small part of the history of for another great party Keppel. We had our first at OTC. I’ve had the partnership in 1990 where opportunity to attend we built a very important for a number of years project for Petrobras, and and this one is especially in the course of that helped special. All the best bridged the two countries wishes to Keppel O&M of Singapore and Brazil. I and I look forward to wish all the best to Keppel continuing the great O&M for many, many years relationship that to come.” we have.” Mr Fernando Barbosa, Mr Todd Grove, Director, Odebrecht (left) Chief Technology Officer, ABS (right) “I wish all the best to Keppel O&M for their “Congratulations 10th year anniversary. The to Keppel. For party tonight is wonderful. years, both Smit SBM has had a long and and Boskalis have successful relationship with had a very good Keppel and we look forward relationship with to continuing that.” Keppel. We see a Mr Tony Quinn, lot of opportunities Operations Director, to work together SBM Offshore (left) further.” Mr Frank Verhoeven, Chairman, Smit “I would like to congratulate (extreme left) Keppel O&M for their 10th anniversary. As our “It is a very good partnership in building the party here with Seafox 5 is coming to a a lot of people close, I would like to say from the industry construction is going and we are very very well and the teams happy to see old are working very well friends and meet together. Hopefully, we new ones. We can build more for the have a very close future.” relationship with Mr Keesjan Cordia, Keppel and look MD, Seafox Contractors forward to strengthening our working relationship with them BV (left) in the future.” Mr Peter Noble, Chief Naval Architect, ConocoPhillips (extreme left)

Keppelite I May 2012 Sustaining Growth 25

Leading environmental showcase

Singapore’s Senior Minister of State, Ministry of Information, Communications and the Arts & Ministry of the Environment and Water Resources, Ms Grace Fu (sixth from left) was warmly received at Keppel Seghers Belgium’s booth at IFAT 2012 in Munich, Germany

Environmental solutions and Waste Combustion in Over in Munich, Germany, technologies, know-how and technical innovations London, UK, on 24 to 25 Keppel Seghers Belgium and international experience are increasingly sought April 2012, Keppel Seghers also participated in the which drew deep interest after to solve the pressing Belgium’s Technology 215,000-sm IFAT ENTSORGA from industry members and environmental problems Managers, Dr Johan De tradeshow for innovations engagement with visitors. of megacities around Greef and Dr Kenneth and services in waste and the world. Villani, presented on the wastewater management A special guest who key design and technology held over 7 to 11 May 2012. visited Keppel’s booth at As a leading global concepts behind the the show was Singapore’s provider of waste-to- Greater Manchester IFAT this year broke its records Senior Minister of State, energy technologies and Waste-to-Energy plant. and attracted more visitors Ministry of Information, facilities, Keppel Seghers and exhibitors than before, Communications and the Belgium shared on recent They emphasised the with around 125,000 visitors Arts & Ministry of the research and development importance of combining from 180 countries and 2939 Environment and Water results and application of its design capabilities and exhibitors from 54 nations, Resources, Ms Grace Fu. state-of-the-art technologies operational know-how to highlighting the growing keppelite at conferences across deliver safe and optimised international attention on Europe recently. performance to customers, environmental solutions. and also shared on the At the Third International advantages of Keppel Seghers’ Keppel Seghers Belgium Conference on Biomass well-tested technologies. showcased its proprietary

Keppelite I May 2012 26 Sustaining Growth

From vision to reality The Middle East’s first integrated domestic solid waste management centre.

Today, hundreds of trucks ply – some 2,400 tonnes – Learn how this exciting a newly commissioned the harsh desert terrain to to the Domestic Solid landmark project is helping two-part documentary the south of Doha daily. Waste Management Qatar reach towards its high series on Channel NewsAsia Centre designed, built and landfill diversion goals as on 25 June 2012, Monday, They transport almost all currently being operated by part of its 2030 national 8:30pm, and 2 July, 2012,

of Qatar’s domestic waste Keppel Seghers. development strategy in Monday, 8:30pm. keppelite

Keppelite I May 2012 Sustaining Growth 27

Bolstering online communications

The Keppel Group has launched and revamped various business unit websites to strengthen its online presence and stakeholder communications.

On 19 April 2012, Keppel Corporation launched its Chinese website at www.kepcorp.com/cn.

Featuring selected and relevant content from the English corporate website, it is a portal for Chinese readers to learn more about the Group.

Users can find information such as milestones, press releases pertaining to the Group’s businesses in China, as well as the Chinese newsletters – Jibao Jingdian (吉宝精典) and Across

Borders. Design elements (Clockwise from top left) Screenshots of Keppel Corporation’s Chinese website, Keppel Land and K-REIT Asia’s revamped websites, and catering to the preferences Keppel Land China’s new website of Chinese web users were incorporated to enhance the overall user experience. as well as its upcoming is aligned with the design enhancing its usability by residential and commercial of the Keppel Group family mobile users. As Keppel Land China projects in various cities of websites. A dedicated continues to grow its property in China. space for videos also ensures To better serve unitholders, development business, it an exciting multimedia K-REIT Asia’s revamped launched its new website, Keppel Land’s main corporate experience for users. website, www.kreitasia.com, www.keppellandchina.com website and K-REIT Asia’s launched on 16 April 2012, in March 2012 to augment website have also undergone Both Keppel Land and features richer content and its foothold and increase its revamp. Keppel Land China’s improved user interface for visibility to Chinese internet websites are also compatible easier navigation and faster users. Launched on 30 April 2012, with almost all modern location of information.

www.keppelland.com.sg browsers and are readable keppelite It contains a wealth of now sports a fresh new look on tablet devices such information on the company and user-friendly layout that as Apple’s iPad, thereby

Keppelite I May 2012 28 Sustaining Growth

Strengthening performance

“Keppel Land reported the highest profit among property companies in Singapore last year. What can we do to sustain strong earnings?”

This question was posed by Mr Kevin Wong, Group CEO of Keppel Land to over 4,000 employees from Singapore and overseas at the Annual Staff Conference (ASC) held at Suntec Convention Centre ballroom on 23 April 2012.

The week-long ASC is a high-key event for the company each year, as it gathers its employees from all over the region to interact, share learning Keppel Land’s Annual Staff Conference saw over 4,000 employees from Singapore and overseas gather to interact, share learning experiences experiences and attend and attend training programmes training programmes.

Keppel Land’s management team also took the opportunity to share insights on the group’s performance for 2011, strategic plans as well as projects in the pipeline.

Workshops with topics ranging from risk awareness, ISO26000 standards to facilitation skills were also organised for employees to sharpen and enhance their skill sets.

Amongst employees who benefited from attending ASC was Kelly Ang, marketing executive, who The Annual Staff Conference provides an effective platform for knowledge exchange and networking

Keppelite I May 2012 Sustaining Growth 29

shared, “As a new employee, BUILDING BONDS Grand Ballroom. Decked out Two teams walked away the staff conference is an To help nurture strong in dark suits and luxurious with the WoW! (Work of a excellent platform for me to bonds amongst the staff, black dresses, they enjoyed Winner) Gold Awards. learn about various projects, ASC organisers also the performances and fun- the roles of the different planned leisure activities such filled activities in the highly The awards were given out business units, and very as ice-breaker games and anticipated party. to deserving teams for their importantly, the company’s song writing competitions. outstanding achievements core values.” Eleven individuals and four and to encourage sharing Staff also let their hair teams who embraced the of exemplary work practices CRISIS READY down at the mafia-themed Keppel Group Core Values that could be replicated One of the key training Dinner & Dance party held in their daily lives and work for improved efficiency and programmes rolled out in on 27 April 2012 at the were recognised with the effectiveness. keppelite conjunction with the ASC Mandarin Orchard Hotel Hall of Fame Awards. was a crisis communications workshop on 25 April 2012. Senior management from Keppel Land were placed under a fire of critical questions during a mock doorstop interview to help prepare them for crisis situations.

Recognising that effective and prompt communication during a crisis is critical in protecting the interests of stakeholders and the organisation’s reputation, Keppel Corporation’s Group Corporate Communications The K-REIT Asia team received the WOW! (Work of a Winner) Gold Award from Mr Kevin Wong, Group CEO, Keppel Land, for their exemplary efforts in the acquisition of Ocean Financial Centre and Keppel Land’s Human Resources departments are rolling out a series of crisis communications workshops for Keppel Land’s management.

The training programme will help participants better understand the role of a company spokesperson and equip them with effective media-handling skills during a crisis. Participants will also have hands-on experience in preparing media statements as well as take part in mock press conferences and doorstop interviews. Mr Steven Shum, DGM for Keppel Land’s operations in Malaysia, put training into practice at a mock doorstop interview

Keppelite I May 2012 30 Sustaining Growth

Boss for a day Investment

Being a CEO, COO or learn about the complexity insights CFO of a company is no and the many moving parts easy task. Participants of that need to be considered the inaugural Business when running a business. Simulation Workshop held Not all factors are within on 17 and 18 May 2012 our control, especially soon learnt this as they the macroeconomic “took on” the responsibilities environment and market and challenges of these forces, so we must cater critical positions. for those in our planning.

In the simulation exercises, “Beyond the attention every decision they made had on profitability, we must an impact on the company’s also keep in mind that performance, and they doing business is not Dr Marc Faber shares investment insights at the inaugural RQAM Evening, supported by received reports at the end all about winning the One Raffles Quay and Marina Bay Financial Centre of every “year”. At the end numbers game. It is also of three years, they received about people whose Leading an evening of in the current climate of their report card in the form lives are affected by our insightful discussion at heightened uncertainty. of share prices, sustainable business – our employees, the inaugural Raffles value-added and profitability. our shareholders and our Quay Asset Management Ms Cynthia Wong, Deputy They also presented their partners.” (RQAM) Evening on 26 April CEO of RQAM, shared, learning points to senior 2012 held at the Marina “RQAM Evening provides management in the Group. The workshop, run by Bay Financial Centre was a platform where C-suite BTS Asia Pacific Pte Ltd, Dr Marc Faber, respected business leaders can network Mr Loh Chin Hua, CFO of will be incorporated into investment adviser, fund and exchange valuable Keppel Corporation, said, Keppel College’s flagship manager and economic insights. It is an initiative “I hope this simulation has management development commentator. which we hope our tenants helped the participants to programmes. keppelite will benefit from, and at His views and analysis are the same time, it also gives widely read in The Gloom, RQAM the opportunity to Boom and Doom Report, meet potential prospects.” an economic and financial publication which highlights An initiative by RQAM and unusual investment The Economist Corporate opportunities around Network, the RQAM the world. Evening will be a biannual event that brings together Dr Faber shared insights renowned guest speakers with senior business leaders who are thought leaders in on how to interpret the their respective fields with economic landscape for business leaders across a the next few years and the wide range of industries Participants of the Business Simulation Workshop debated over the difficult decisions stock markets’ performance, to discuss current business they had to make as they played the role of top company executives as well as on desirable issues, trends and

countries and asset classes business outlooks. keppelite

Keppelite I May 2012 Empowering Empowering Lives Lives 31

Positive climate

To reinforce its position as an for improvement, and to The results affirmed Keppel’s The OCS was rolled out employer of choice, Keppel formulate action plans efforts in creating a desirable across the Group in 2009, seeks ways to improve to enhance the overall work environment. The key with this being the third its organisational climate workplace environment. indicators scored positive Group-wide survey. and work environment. across all areas surveyed, One of the tools it uses is This year, 4,234 Keppelites with a general improvement Keppelites can be assured the annual Group took part in the OCS, up in almost all areas. that that the findings will Organisational Climate from 3,389 in 2010. The be reviewed and considered Survey (OCS), which gathers increase in the number of The overall score for the in the refinement of policies views and feedback from staff selected to participate 13 drivers of engagement and programmes. The employees to gauge staff in the OCS reflects the surveyed was 4.66 out of 6.0, Company will continue to satisfaction. Company’s desire to have forming an overall upward gather feedback regularly a broader base of employee trend from the score of 4.62 through other platforms The information is then feedback, which helps to in 2010 and 4.47 in 2009. such as dialogue sessions. used to identify areas of increase the accuracy of Scores of 3.5 and above keppelite strengths and opportunities the results. denote positive responses.

5.1

4.9

4.7

4.5

4.3

4.1 2009 2010 3.9 2011

3.7 Neutral Score 3.5

Group Organisational Climate Survey average scores for year 2009 to 2011

Keppelite I May 2012 32 Empowering Lives

Torch of passion

The passion of 22 Keppelites was recognised at the inaugural Outstanding Keppelite Awards on 23 March 2012. Keppelite features a series capturing thoughts on keeping their torch of passion ablaze.

Leong Kok Weng, SVP Nelson Wu Di, Senior at Keppel Subic Shipyard, Manager at Keppel started off in Keppel as Logistics, experienced a a safety officer 14 years challenging episode in ago. Since then, Kok his career when he was Weng has had many tasked to handle a complex opportunities to grow and project in Malaysia. “It learn through rotations took a lot of confidence and overseas postings. from the management to Committed and resilient, allow me to handle the Kok Weng has overcome project. I summoned my many project challenges. Nelson prioritises carefully in order to deal Can-Do! spirit and gave with complex and challenging situations His journey has not been it my best.” For the next easy, but Kok Weng finds few months, Nelson worked hard at the task of taking With perseverance, Kok Weng believes that it fulfilling. “I feel a great over a warehouse facility and running it smoothly in the nothing is impossible to achieve sense of achievement face of multiple challenges. “I was pulled in all directions whenever I secure or deliver a project successfully. My and had to identify what my top priorities were,” he motto has always been to work hard, do my best, expect shared. He focused his team on resolving issues one by the worst and hope for the best!” one, and completed the project successfully.

Goh Choon Kim, Lionel Yeo, A V P Assistant Manager of (Investment) at Keppel Information Technology Data Centres Investment (IT) at Keppel Land, has Management, is involved won many compliments in Keppel Data Centres’ from fellow colleagues Singapore operations and for his best-in-class service worked on an acquisition and support. Awarded the of a data centre in Sydney. “Best IT Support Staff” in In the project, Lionel 2011, Choon Kim believes exhibited exemplary work in taking ownership in ethic and management resolving IT issues faced skills. Lionel advises by colleagues. His tenacity finding common ground Lionel shares that effective relationships are has enabled him to work built by treating everyone with respect and when meeting someone tirelessly behind the scenes winning trust new, and seeing things Choon Kim takes ownership in resolving IT to meet challenging and from the other person’s perspective. “Treating everyone issues faced by colleagues ad hoc service requests. with respect, being empathic and having good rapport “This award belongs to the entire IT team and all the end with others can open doors and lead to excellent users for their teamwork and cooperation,” he shared. relationships,” Lionel explained.

Keppelite I May 2012 Empowering Lives 33

Race to the Big Apple

After securing seventh very pleased to have kept resolute, exemplifying with the brave front that the place in Race 10 from San going despite the odds Keppel’s Can-Do! spirit. crew has shown. The banter Francisco to Panama, the and feel rewarded for our prevails and laughter comes Keppel-sponsored Singapore perseverance.” Ben said, “The levels of easily to all at the moment. yacht is now back at sea and concentration required to We have to be thankful for racing towards New York in The ten-strong Clipper fleet keep the boat moving in the little things!” Race 11 of the international will sail into The North Cove these light conditions are Clipper 11-12 Round the in Battery Park City, Lower high and the fact that the Getting ready to embark World Yacht Race. Manhattan on 3 June 2012. crew has been performing on this adventure is This makes the Clipper crew sail evolutions without my Keppel Ambassador Karel Pleased with his crew’s the only people in the city to prompting is testament to Vandegehuchte, Proposal performance, Skipper Ben arrive from the west coast how much they have learnt Manager with Keppel Bowley said, “The email by sea. during this race and the Seghers Belgium, who will from the race office last. be sailing in the last leg of announcing that we were However, the yachts are the Clipper Race from New placed seventh was greeted again faced with frustrating “I think we are all feeling that York to Southampton, UK. with jubilation, especially weather conditions, with we have been dealt a rather after the struggles we had sparse wind and intense shoddy hand this race in Brimming with excitement with the heat and windless heat. Nonetheless, the terms of finding the breeze, and raring to go, Karel conditions. We are all Singapore crew remains but I am hugely impressed shares, “It has been almost one year since our Clipper trainings in Singapore and UK and I’m really looking forward to this last leg of the race.

“I’m grateful to Keppel for giving me the chance for this experience of a lifetime. To me, the most interesting part of the race is meeting the crew members onboard who are all amateurs but come with their individual stories to share.

“My family and friends are all enthusiastic about this race, although some think it may be rather dangerous. I have trust in the team. Safety has always been and will remain a top priority onboard Singapore. I believe that one lives only once and we should Keppel Ambassador Karel Vandegehuchte, Proposal Manager with Keppel Seghers Belgium, will be sailing in the last leg of the Clipper Race live life to the fullest.” keppelite from New York to Southampton

Keppelite I May 2012 34 Empowering Lives

Kids at work

The Kids@Work event, organised by Group Human Resources on 13 March 2012, saw the children of Keppelites having a field day as they visited their parents’ workplace at Keppel Corporation and Keppel Energy.

Ranging from ages 4 to 12, the children were entertained by activities such as balloon sculpting, a magic show and jazz

dancing. keppelite

Mr Teo Soon Hoe, Senior ED of Keppel Corporation, with the children who visited their parents’ workplace at Keppel Bay Tower

Exclusive Bay experiences

Homeowners at Keppel Bay On 3 May 2012, as part continue to enjoy exciting of a yacht investment and enriching events seminar organised by organised by Marina at Simpson Marine, over 30 Keppel Bay, part and parcel members were treated to of the premium offered by an exclusive tour of two its exclusive membership of Asia’s most celebrated scheme. superyachts, Montigne and Matahari, where they In conjunction with the Easter gained insights on yacht season, the Marina held ownership and investment a chocolate appreciation in Southeast Asia. workshop with Laurent Bernard Chocolatier on Keppelites are eligible to 31 March 2012. 60 members sign up as an Associate had hands-on experience Member with Marina at Keppel making cups of frothy hot Bay. Please email enquiry@ chocolate, freshly baked marinakeppelbay.com

brownies and delectable for more information. keppelite From sweet treats to investment seminars, Marina at Keppel Bay promises premium and chocolate martinis. privilege to its members

Keppelite I May 2012 Empowering Lives 35

Keppelites Abroad

Agile adaptor

Daunting changes were faced by Frankie Tan, 34, Marketing Manager at Keppel Land, when he joined the company in Ho Chi Minh City, Vietnam, last year.

He shared, “I had to face a change in culture and environment, as Malaysia was the only country I had worked in previously. Not only did I have to get accustomed to Vietnam’s culture, I also had to adapt to Keppel’s culture, as I was new to the company.

“I had to quickly pick up new knowledge, as certain regulations in Vietnam differed from Malaysia’s. Frankie enjoys the occasional trip around the countryside of Vietnam to take in its beautiful scenery The language barrier was a challenge initially his horizons and develop a burgeoning young Settling into the new work as well, especially since himself professionally. population that will spur environment and gelling my job involves a lot of continued growth for with new team members communication!” added He said, “That gave me the the country for the next took time and determination Frankie. courage to take up the offer two decades. but his efforts have and start the journey working paid off. These were just some of overseas. I am also grateful Frankie enthused, “Growing the professional challenges that the company has made affluence is leading to To develop mutual that Frankie had to quickly provisions for me to visit my rising demand for property understanding and gain the overcome. family in Malaysia.” developments. Vietnam is trust of his local team as undergoing an economic well as customers, Frankie On the personal front, Having worked in Vietnam transformation with the spends time listening he was also caught in a for about a year now, Frankie strengthening of the financial and understanding their dilemma as his wife was is excited by the potential of system and the reforming of concerns. He remarked, expecting their third child the country. housing development. In “We can achieve more if we at that time. His wife the long term, prospects for share the same goals, move encouraged him to seize Vietnam has close to the property industry are in the same direction and the opportunity to expand 90 million people and bright.” work as one team.” keppelite

Keppelite I May 2012 36 Empowering Lives

On our marks

Competitive spirits of Singmarine edged out Keppel 1 April 2012. The league Cross Country Run held on Keppelite Recreation Club FELS’ team with a penalty matches will continue weekly 20 May 2012. Participants (KRC) members were roused kick. With a final score of 3-2, through to June 2012, when streamed in bright and early, in April and May 2012 as Keppel Singmarine emerged teams will contest for the and were flagged off by they pitted skills against one as the overall champion. top positions. President of KRC, Mr Hoe another in friendly games Eng Hock. and forged stronger ties in Within the Keppel Group, Striding forward the midst. the KRC’s inaugural soccer Over at MacRitchie Reservoir The competitive runners league gained momentum Park, 89 runners from across pounded distances between Striking friendships as the first match of the the Group put their best foot 3.2km and 4.8km, depending On the sports field of Ngee season kicked off on forward for the KRC Annual on the race category, and Ann Polytechnic, 45 soccer enthusiasts from KRC kicked up a storm of nifty footwork at the 17th Association of Singapore Marine Industries seven-a-side soccer tournament on 22 April 2012.

Five teams from Keppel FELS, Keppel Shipyard (Tuas), Keppel Shipyard (Benoi), Keppel Shipyard (Gul) and Keppel Singmarine played against 15 other teams.

In a nail-biting display of strategy, skills and team

spirit, the team from Keppel The winning teams from Keppel Singmarine and Keppel FELS at the 17th ASMI seven-a-side soccer tournament

Team Young Stars United, one of the teams in the KRC soccer league, all set for the first of Runners stretching their muscles in preparation for the race through the MacRitchie many matches Reservoir Park

Keppelite I May 2012 Empowering Lives 37

pushed hard to beat their to gather together for some the pins at the bowling The league, which personal best. fresh air and exercise. I’ve alleys were 14 teams of commenced on 12 January also enjoyed pushing myself bowlers who racked up 2012, is being held over Mr Balakrishnan Mahendran, to do my best for the race.” tens of thousands of pin 26 weeks. It will culminate winner of the men’s open falls as they vied for the in the finals in July 2012. th category, remarked, “This was Pummeling pins top prizes at the 10 KRC keppelite a good chance for Keppelites In the meantime, pummeling Bowling League.

Champion of the KRC Annual Cross Country Run 2012 mens open category, Mr Balakrishnan Team “Dragon Strike” from Keppel FELS enjoys a photo moment before getting ready to Mahendran, crosses the finishing line surprise their opponents

Dragons on the Bay

KRC’s dragon boat team, Another team of paddlers With about four months to kept up the pace of their Keppel Dragons, once took part in the national the next major competition, training and are raring to again did the Group proud community mix category and the Jurong Island Race, do even better. at the DBS Marina Regatta advanced to the semi-finals the Keppel Dragons have held on 5 to 6 May 2012 at despite fierce competition. Marina Bay Promontory. Olivia Lim, Senior Commercial Close to 100 international Executive at Keppel FELS, and local teams rowed was part of the mixed hard and fast along the team. She shared, “It was beautiful waters of the a whole new experience Marina Bay. competing against the tertiary schools, universities After a hard fought race, and various dragon boat Keppel Dragons’ mens clubs. Everyone put in team clinched second their best and we are very place in the inter-corporate happy to achieve such open category, beating encouraging results. Every power houses such as DBS, race teaches us new lessons Exxon Mobil, SIA Air Crew and will strive to do even Keppel Dragons all set to row at the DBS Marina Regatta and Hewlett-Packard. better.”

Keppelite I May 2012 38 Nurturing Communities Communities

Friend of heritage

In recognition of Keppel exhibition featuring one of Corporation’s support of the most significant marine heritage causes, the National archaeological finds of the Heritage Board (NHB) 20th century. presented the company with a ‘Friend of Heritage’ Comprising some 60,000 award on 27 April 2012, objects, the cargo of the at a ceremony held at ninth-century Arab merchant the National Museum of ship found in the Java Sea Deputy Prime Minister and Coordinating Minister for National Security and Minister for Home Singapore. illustrates the early trading Affairs, Mr Teo Chee Hean, who was Guest-of-Honour at the book launch on 2 May 2012, presents the publication, ‘One Degree, Many Choices’, to Mr Aziz Merchant who received it networks between China, on behalf of Keppel Corporation Mr Paul Tan, Group Controller, Southeast Asia and the Keppel Corporation, received Middle East. the award from Guest-of- Honour Dr Yaacob Ibrahim, The travelling exhibition, Engineering the Minister for Information, which will be presented Communications and the at various major museums Arts & Minister-in-charge of around the world, is future Muslim Affairs. organised by the NHB and the Singapore Tourism Board. Keppel Corporation is To encourage youths to take youths to pursue careers in the supporting sponsor It was first presented at up an engineering education, engineering. of the Singapore leg of the ArtScience Museum, Keppel Corporation ‘Shipwrecked: Tang Treasures Singapore, from February to contributed $100,000 to “Singapore’s offshore and and Monsoon Winds’, an October 2011. keppelite the launch of One Degree, marine industry is always Many Choices, a publication in need of a ready pool by Nanyang Technological of skilled engineering University (NTU). The book talents. Our work requires features the diverse career expertise and skills that are paths of the pioneer batch honed over the long term. of graduates from Nanyang Therefore, it is important Technological Institute that we collaborate with the (NTI), as NTU was known government and the industry previously. to attract, nurture and develop a healthy pipeline Mr Aziz Merchant, ED of skilled engineers.” of Keppel Offshore & Marine Technology Centre Keppel employs close to (Deepwater), Keppel FELS 2,000 engineers across the (Engineering) and Keppel’s Group to design customised Deepwater Technology and highly specialised Group, shared, “We solutions. The number of sponsored this publication as engineers recruited across it demonstrates the reach and the Group in 2011 was 365. Mr Paul Tan, Group Controller, Keppel Corporation (right), received the ‘Friend of Heritage’ significance of engineering, keppelite award from Minister for Information, Communications and the Arts & Minister-in-charge of and also to encourage more Muslim Affairs, Dr Yaacob Ibrahim, for Keppel’s contribution towards heritage causes

Keppelite I May 2012 Nurturing Communities 39

Green minds

In conjunction with Earth to be responsible citizens double the number last year. For its efforts to spread the Day 2012, Keppel Land and reduce their ecological Unutilised coupons were Earth Hour message and sponsored the National footprint.” donated to the Metropolitan to live green, the Keppel Library Board’s (NLB) Book YMCA Singapore. Group was commended by Exchange initiative for the Every book donated can be the World Wide Fund for second consecutive year. The exchanged for a coupon Keppel Land, as part of Nature at the recent Earth initiative not only encourages to swop for other books. the Keppel Group, also Hour Appreciation and continued education but also To encourage greater participated in Earth Hour Awards Ceremony held on a green mindset of “Reduce, participation, Keppel Land activities on 31 March 2012. 18 May 2012. keppelite Reuse and Recycle”. took the Book Exchange programme beyond the Mr Choo Chin Teck, library community to nine Keppel Land’s Director of of its office properties Corporate Services, said, by setting up designated “Keppel Land is committed collection points for the to inculcate awareness of public, employees, tenants, environmental sustainability customers and business among stakeholders. associates to deposit their Through our support of used books. NLB’s Book Exchange, we hope to nurture a reading Keppel Land volunteers culture among Singaporeans also helped in the collection The Book Exchange was opened on 28 April 2012 to the sounds of whistles by (from left) and encourage everyone, effort, which garnered some Mrs Elaine Ng, CEO of NLB, Mr Edmund Chen, local celebrity, children’s author and NLB’s Reading Ambassador, as well as Mr Choo Chin Teck, Keppel Land’s Director of Corporate including our employees, 3,000 used books, more than Services Swinging to Singapore Day

Celebrating all things and this year, the much Prospect Park in Brooklyn, was also held in the Big Singaporean – that is the anticipated event was New York. Apple. Since then, it has mission of Singapore Day held on 14 April 2012 at been hosted in Melbourne, The culture-cum-cuisine London and Shanghai. event had comedians Keppel has been supporting such as Hossan Leong and Singapore Day in recent Michelle Chong as well as years. local hawkers fly 15,000 kilometres to entertain and The event, organised by feed 5,000 Singaporeans the Overseas Singaporean living, working and studying Unit in the Prime Minister’s in the US who thronged Office, updates overseas Prospect Park. Singaporeans with the latest developments in the various

John Bajor Senior of Keppel Marine Agencies International and his wife lending Keppel’s The first edition of Singapore aspects of life in Singapore. support and presence at Singapore Day Day, inaugurated in 2007, keppelite

Keppelite I May 2012 40 Nurturing Communities

Homes of hope

Forty more families in need to the Philippines, H.E. The local government of Inc. (KPMI), shared, “It is with have received new homes V P Hirubalan, Batangas Bauan, led by the Mayor of the trust, confidence and through the Keppel-GK Governor Ms Vilma Santos Bauan Ryanh M. Dolorhad, support of the authorities housing projects in the Recto, and GK Founder contributed the land for as well as our partners, Philippines and Indonesia. Mr Antonio “Tony” the project and provided customers and friends in P Meloto, Jr. guidance and support to the Philippines that Keppel Helping hands in the the building process. has been able to grow our Philippines Keppel donated a total operations here. Keppel-GK Eco Village is of PhP 10.5 million to Mayor Dolor commented, “I a 60-unit housing the development of commend Keppel and GK for “We actively support development project Keppel-GK Eco Village. A their hard work on Keppel-GK social development and jointly undertaken by the part of it was raised from Eco Village, which provides environmental initiatives. We local government of the Keppel’s business units and a safe and healthy living are glad for the opportunity Municipality of Bauan, employees in Singapore environment to 60 needy to join hands with the local in Batangas, the charity through a fundraising families. It is heartening to government of Bauan and organisation Gawad Kalinga activity organised by Keppel have organisations with a GK to participate in the (GK) and the Keppel Group. Volunteers and Keppel strong sense of citizenry meaningful Keppel-GK Eco Young Leaders. operating in Bauan.” Village project.” A third and final group of 20 families has received Over the past year, Mr Nelson Yeo, MD (Marine) The beneficiaries of the homes at the handover employees from Keppel of Keppel Offshore & Marine Keppel-GK Eco Village were ceremony held on 14 May Batangas Shipyard have (Keppel O&M), MD of Keppel also actively involved in the 2012. It was graced by actively volunteered in the Shipyard and Chairman of construction. Singapore’s Ambassador construction works. Keppel Philippines Marine, Putting in 1,000 man- hours per family in the development, the 60 families have cultivated a strong sense of belonging towards their new community.

Mr Meloto shared, “GK strongly believes that together, we can end poverty and build a sustainable future for all. We are glad that GK’s framework for community building has the blessings of the Philippine government and are embraced by responsible corporate citizens such as Keppel Group.”

Besides the Eco Village

(From left) Head of GK Management Team in Batangas, Mr Julius Paradero; VP (Administration & Finance) of KPMI, Ms Agnes Barbara L Lorenzo; project, Keppel Group’s other MD (Marine) of Keppel O&M, MD of Keppel Shipyard and Chairman of KPMI, Mr Nelson Yeo; Batangas Governor, Ms Vilma Santos-Recto; charity projects in Batangas GK Founder, Mr Tony Meloto; Councilor of Bauan Mr Julian Bojie Casapao; and Singapore’s Ambassador to the Philippines, H.E. V P Hirubalan

Keppelite I May 2012 Nurturing Communities 41

include technical training Projects Award from the Jakarta, some 20 families offices in Jakarta, as well as for out-of-school youths, Philippine Economic Zone too received keys to their the operation of a resort and college scholarships to Authority during its 17th new homes on 19 May fabrication yard on Bintan needy students and coastal Anniversary and Investors’ 2012. This 20-unit housing Island. clean-up activities. Recognition Night. development is the second collaboration between the Keppel Group representative, For its community efforts, Renewing community Keppel Group and GK. Mr Alex Lee, Director & Keppel Philippines Marine ties in Indonesia GM (Project) of Keppel recently received an Over at Cisadane, Indonesia, Keppel has rallied customers, Land Indonesia and key GK Outstanding Community about 45 minutes away from business associates and its Indonesia representatives employees in a fund-raising took part in a special exercise in aid of needy handover ceremony, which communities in Indonesia. saw the doors to the new Part of the funds was homes for the beneficiaries donated to GK Indonesia to opened. provide beneficiaries with a place to call home and a With a safe roof over their secure environment to live, heads, the families will be work and play. able to focus on building their lives, improving their The Group has been growing standards of living and its footprint in Indonesia strengthening their ties with

with the building of quality the community. keppelite

Mr Alex Lee represented the Keppel Group in presenting the keys to new homes for 20 homes, townships and families in the Keppel-GK project in Indonesia

Promoting Brazilian arts

Capoeira, a Brazilian martial support of growing cultural me the exciting opportunity combination of exercise, art that combines elements of exchange between Singapore to get my feet wet and self-defence, dance and dance and music, has grown and Brazil. find out more first-hand. music.” keppelite in popularity worldwide in I really enjoyed this unique recent years. Keppelites got The festival will include a the opportunity to learn tournament and see the Capoeira leg sweeps and participation of Capoeira elbow strikes over two delegations from Philippines, workshops conducted by Macau, Hong Kong, Malaysia, multi-championship winner, Indonesia, Taiwan, Japan Master Ousado, on 26 April and Australia. and 3 May 2012. Mr Mohammad Rezal Bin The workshops were Roslee from Keppel FELS conducted as a lead-up to was one of the participants the 9th International Capoeira at the workshop. He shared, Festival in August 2012, “I have been curious about which Keppel Offshore & Capoeira for some time and Marine is sponsoring in this workshop has given Keppelites at the Capoeira workshop danced and kicked to the rhythm of Brazilian music

Keppelite I May 2012 42 Nurturing Communities

Stroll in the Garden

At Jakarta Garden City in Indonesia, residents enjoyed a mass morning trot alongside their family members, neighbours and friends at its second Fun Walk on 29 April 2012.

Close to 1,000 participated in the four-kilometre walk, refreshed by the morning breeze while working up a healthy sweat.

Both young and old enjoyed the event which included various fringe activities, such as complimentary health screenings and

exciting games. keppelite Close to 1,000 participants supported the Jakarta Garden City Fun Walk

Cycling for charity

In support of a good cause, the annual Houston-to- The 180-mile ride is the and unpredictable disease of Mr Michael Holcomb, Austin BP MS 150 charity largest cycling event of the central nervous system. President/Director of bike ride with riders its kind in North America Keppel Marine Agencies, from Transocean on 21 to to help combat multiple Mr Holcomb shared, “It Texas, USA participated in 22 April 2012. sclerosis (MS), a chronic took 14 hours to finish the journey. I would not say it was the hardest challenge but it definitely was one of the most rewarding experiences to share the road with 13,000 participants to support MS. It also provided a platform for me to bond with our customers from Transocean. I hope it would be the start of an exciting new tradition.”

Mr Michael Holcomb, President/Director of Keppel Marine Agencies Texas, USA (fourth from left), participated in the annual Houston-to-Austin keppelite BP MS 150 charity bike ride with customer Transocean for a good cause

Keppelite I May 2012 Nurturing Communities 43

Gleaming homes and hearts

Keppel Volunteers has of volunteering but are continued their tireless constrained by their busy efforts to enhance the lives schedules, veteran volunteer of the less privileged in Mari-Ann Cabral, Human our communities. Resource Assistant from KIE, had this piece of advice, On 21 April 2012, 16 “Just try it once. After the volunteers trooped to five first time, you may become homes of the elderly at hooked to the feeling of Telok Blangah and cast a happiness and gratification fresh gleam to their homes and want to continue and hearts. after that.”

Mark Yang, a newcomer Separately, a joint training Keppel Volunteers brighten the homes and hearts of the elderly to Keppel Volunteers and workshop with Keppel Finance Executive from Volunteers’ adopted charity, Keppel FELS, commented, the Association for Persons “This was the first time with Special Needs (APSN), I cleaned someone else’s was conducted on 11 May home so it felt slightly 2012. awkward initially. But I was really struck by the The aim was to cultivate the elderly man’s friendliness volunteers’ understanding and positive attitude to life. of mild intellectual diabilities Keppel Volunteers attended a training workshop to enhance their engagement with APSN It felt good to be able to (MID) and equip them with students help someone, and at the skills to enhance their same time make friends with interactions with persons included a school tour where A psychologist also shared like-minded people from all with special needs. volunteers experienced with them on MID and ways over the Keppel family!” first-hand the students’ to make positive engagement The half-day workshop was learning environment. It is with MID students. Fellow newcomer, Cliff Goh, attended by 15 volunteers, very interesting to see how Executive (Investment) from who toured Katong School, the different classrooms are Yuni Tri Wulandhari, Keppel Land, chimed in, one of five special needs transformed into real life Commercial Executive at “Volunteering allows us to institutions under APSN, working environments, like a Keppel FELS, shared, “The see people from different and learnt more about its hotel room and a minimart, teachers are very passionate walks of life and how they operations, facilities and for students to learn work and that encourages me to play the cards that life deals teaching methods. values and practices.” want to interact more with to them. After seeing how the students. the elderly man copes with Mr Kwok Yan Hoe, President During the tour, volunteers his daily routine, I must say of Keppel Volunteers interacted with school “I am glad that Keppel that he is more independent and DGM (Sustainable teachers and occupational provides this platform for us to than I am!” Development), Keppel Land, therapists to better help these children and instill shared, “Today’s workshop understand the students’ in them self reliance, which

To people who are thinking is slightly different as we needs and behaviour. will help them in life.” keppelite

Keppelite I May 2012 BackPage 44

Choice yard in the Middle East

Seven Liquefied Natural previously repaired three Mr Abu Bakar, CEO of first of the four, ENSCO Gas (LNG) carriers arrived LNG carriers at N-KOM. The N-KOM, shared, “We seek 91, has arrived at the at Nakilat-Keppel Offshore shipyard’s commitment to to provide our customers shipyard. The remaining & Marine (N-KOM) for deliver quality and timely with safe, reliable and rigs will arrive over the next drydocking repair works services made it our choice quality services. We are few months. The yard has over the last three weeks, yard for drydocking another pleased that our efforts and already completed six jackup boosting the yard’s three LNG carriers.” expertise have garnered the projects todate. excellent track record in LNG support and trust of major carrier repair. Mr Djamel Mokhtefi, Head fleet owners and operators. N-KOM forms part of of Operations (Fleet 1) of We hope to continue to the Erhama Bin Jaber Al Including these projects, Qatargas, is overseeing strengthen our relationships Jalahma Shipyard, located in N-KOM has undertaken drydocking and repair with our customers through Ras Laffan Industrial City, about 30 LNG carrier projects works for five QG1 and one many more win-win in Qatar. N-KOM provides since its inauguration in Q-flex vessel at N-KOM. He collaborations.” a wide range of repair, November 2010. said, “Qatargas has had a modification, construction longstanding partnership The yard has also been and fabrication services These LNG carriers are with N-KOM. A significant growing its capabilities for for marine and offshore chartered by Qatargas and proportion of our fleet has rig repair works. N-KOM vessels as well as onshore

RasGas. been serviced by the yard. was recently engaged structures. keppelite We continue to be impressed by Ensco plc to carry out One of these vessels, Al with N-KOM’s high quality refurbishment and repair Gharrafa, is managed by and professional services.” work for four jackups. The OSG Shipmanagement (UK) Ltd. The rest, namely Al Jasra, Al Bidda, Al Wajbah, Dukhan, Al Rayyan and Al Thumama, are operated by a consortium comprising established Japanese shipping companies such as Mitsui O.S.K. Lines Ltd (MOL), Nippon Yusen Kaisha Line (NYK) and Kawasaki Kisen Kaisha Ltd (“K” Line).

N-KOM’s work scope on the vessels includes overhauling their main engines, valves and pumps as well as general repair and maintenance services.

Mr Shinji Ono, Fleet Manager at MOL LNG Transport (Japan), said, “MOL Nakilat-Keppel Offshore & Marine secured seven LNG carrier repair projects in May 2012 Printed on recycled paper Printed on recycled

Keppelite I May 2012