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.