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eppel<br />

JANUARY <strong>2010</strong><br />

www.kepcorp.com/ekeppelite<br />

<strong>Keppel</strong> Group Newsletter<br />

<strong>Keppel</strong>ite<br />

Equipping China’s<br />

largest WTE plant 6<br />

Safety all the way 14<br />

Lending a hand 34<br />

Uniquely <strong>Keppel</strong><br />

MICA(P) NO. 169/01/<strong>2010</strong><br />

<strong>Keppel</strong>ite I January <strong>2010</strong>


9<br />

22<br />

26<br />

Contents<br />

SUSTAINING GROWTH<br />

Expanding horizons in Vietnam 4<br />

Equipping China’s largest WTE plant 6<br />

Early start to <strong>2010</strong> 8<br />

Honouring a great ship 9<br />

Steady improvement in performance 10<br />

<strong>Keppel</strong> T&T seeks growth opportunities 11<br />

Tianjin Eco-City to pilot eco-manufacturing base 12<br />

Delivering hardy vessels 13<br />

Safety all the way 14<br />

Keeping pace 16<br />

SPECIAL FOCUS<br />

Homecoming for Uniquely Singapore 17<br />

Double win for <strong>Keppel</strong> Nantong 21<br />

Leveraging cyberspace<br />

Qatar’s largest yard gears up for business 22<br />

People matters 23<br />

Marine Fellow<br />

Missions accomplished 24<br />

Buoyant milestone for P-56 25<br />

Contributing to Qatar’s green vision<br />

Union of hearts and minds 26<br />

Ship of knowledge<br />

Harnessing solar power 27<br />

Light years ahead<br />

EMPOWERING LIVES<br />

Game for more 28<br />

A ‘belly’ good year<br />

Second home 29<br />

<strong>Keppel</strong>ites Abroad<br />

Navigating Nantong 30<br />

Soaring on a <strong>Keppel</strong> scholarship 31<br />

Pillars of support 32<br />

NURTURING COMMUNITIES<br />

Seeding high standards of accountability 33<br />

Visions of Pandora<br />

Lending a helping hand 34<br />

<strong>Keppel</strong> Volunteers<br />

Colouring life 35<br />

BACK PAGE<br />

<strong>Keppel</strong> expands property portfolio 36<br />

Cover image: The crew from Uniquely Singapore celebrating their homecoming at Marina at <strong>Keppel</strong> Bay with<br />

<strong>Keppel</strong>ites and the public.<br />

Published for people in the <strong>Keppel</strong> Group by the Group Corporate Communications Division, <strong>Keppel</strong> <strong>Corporation</strong> Limited, 1 HarbourFront Ave, #18-01 <strong>Keppel</strong> Bay Tower,<br />

Singapore 098632. Printed by Image Printers Pte Ltd, Blk 1002, Redhill Industrial Estate, Jalan Bukit Merah, #03-12, Singapore 159456.<br />

Editorial Advisor<br />

Wang Look Fung<br />

Editor<br />

Roy Tan<br />

eppel<br />

Editorial Committee<br />

Agnes Wu, Audrea Lee, Ang Lai Lee, Catherine Tan, Cheryl Tang, Chua Ying Ying, Diana Chan, Donald Sng, Elizabeth Widjaja, Eva Ho, Geraldine Lai, Grace Chia, Hoo Yao Lin,<br />

Ivana Chua, Lee Wan Jun, Lee Yin Chiin, Lin Mei Li, Lynette Chong, Lynette Goh, Mak Chui Ling, Marianne Goh, Mohamed Yusof Mohamed, Raymond Chao, Say Huan Yuan,<br />

Serena Toh, Teri Liew, Wong Chai Yueh, Woon Pek Yong, Vett Ramos<br />

<strong>Keppel</strong>ite I January <strong>2010</strong><br />

CO REG NO: 196800351N


Editorial<br />

Journey towards sustainability<br />

For almost three weeks in December, the world’s<br />

attention was riveted on Copenhagen, the venue<br />

of the 2009 United Nations Climate Change<br />

Conference.<br />

Many world leaders arrived in Copenhagen with<br />

the intent to bridge the divide between developing<br />

and developed nations as well as amongst larger<br />

developing nations.<br />

The result is the Copenhagen Accord. The Accord’s<br />

key outcomes include a long-term global goal to<br />

limit temperature increases to less than 2 degrees<br />

Celsius above pre-industrial levels, the<br />

establishment of a process for countries to publicly<br />

indicate their emission reduction commitments as<br />

well as actions and pledges to provide new funding<br />

to developing countries.<br />

However, the fact that the Accord is non-binding<br />

and the absence of concrete targets and actions<br />

to curb carbon emissions have led many to label it<br />

a failure. A binding international agreement<br />

leading to tangible outcomes looks likely to take<br />

years to achieve.<br />

Yet, Copenhagen has achieved something<br />

significant: it etched in the world’s consciousness<br />

the need for responsible sustainable behavior in<br />

all our activities.<br />

We do not need to wait for governments to reach<br />

an agreement for companies as well as individuals<br />

to take action.<br />

In the <strong>Keppel</strong> Group, there are already several<br />

ongoing initiatives and efforts – some in place for<br />

several years - to reduce the environmental impact<br />

of our businesses as well as to ensure positive<br />

impact on the communities wherever we operate.<br />

To instill a safety first mindset, $17.5 million was<br />

invested in 2008 in programmes and initiatives to<br />

ensure that <strong>Keppel</strong>’s yards, offices and plants are<br />

safe for all stakeholders.<br />

Our waste-to-energy and water treatment<br />

technology and solutions help both national and<br />

local governments optimise utilisation of limited<br />

natural resources. Green champions across the<br />

Group are trained to share knowledge and ideas<br />

in caring for the environment.<br />

From 2007 to 2009, <strong>Keppel</strong> worked with<br />

government agencies to launch Singapore’s first<br />

coral nursery, which will enhance biodiversity.<br />

Beyond monetary support, <strong>Keppel</strong>ites have<br />

committed their time as well as conducted<br />

volunteer dives to care for the coral fragments.<br />

We have also partnered the National Arts Council<br />

to present <strong>Keppel</strong> Nights, Singapore’s first<br />

sustained ticket subsidy scheme to help make the<br />

arts more accessible and affordable.<br />

The <strong>Keppel</strong> Volunteers programme harnesses the<br />

Group’s diverse resources, skills and talents for a<br />

network of dedicated volunteers in service to the<br />

community.<br />

These are just a few examples of how <strong>Keppel</strong> has<br />

been putting into action its strategic thrusts of<br />

Sustaining Growth, Empowering Lives and<br />

Nurturing Communities.<br />

To better coordinate all these initiatives and efforts,<br />

<strong>Keppel</strong> has also begun building a Group-wide<br />

corporate social responsibility framework. This will<br />

allow us to better strategise and implement even<br />

more effective programmes to benefit our<br />

stakeholders and reinforce the long-term<br />

sustainability of our businesses.<br />

As a famous Chinese adage goes, “A journey of a<br />

thousand miles begins with a single step.”<br />

<strong>Keppel</strong> will continue to hit the road with nimble<br />

feet.<br />

Our property developments are consistently<br />

recognised for their high green building standards.<br />

<strong>Keppel</strong>ite I January <strong>2010</strong>


4 Sustaining Growth Growth<br />

Expanding horizons in Vietnam<br />

One of Vietnam’s pioneer<br />

and leading foreign property<br />

developers, <strong>Keppel</strong> Land<br />

has a portfolio of quality<br />

properties in Ho Chi Minh<br />

City (HCMC), Hanoi, Dong<br />

Nai and Vung Tau and more<br />

than 20,000 homes in the<br />

pipeline.<br />

Leveraging its experience<br />

and expertise in developing<br />

iconic waterfront properties<br />

in Singapore and the region,<br />

<strong>Keppel</strong> Land made an<br />

auspicious start to the new<br />

year with two joint venture<br />

(JV) projects to expand its<br />

waterfront property portfolio<br />

in Vietnam.<br />

WATERFRONT VILLA SITE<br />

Witnessed by Singapore’s<br />

Prime Minister Lee Hsien<br />

Loong and Vietnam’s Prime<br />

Minister Nguyen Tan Dung in<br />

a ceremony held in Hanoi on<br />

12 January <strong>2010</strong>, a JV<br />

agreement for an 11-ha<br />

waterfront residential site<br />

was signed by Mr Kevin<br />

Wong, Group CEO of <strong>Keppel</strong><br />

Land and Mr Nguyen Thanh<br />

Lap, Chairman of Tien<br />

Phuoc.<br />

The site is expected to yield<br />

175 villas fronting the<br />

Saigon River in HCMC when<br />

completed.<br />

Mr Kevin Wong said, “As a<br />

pioneer foreign developer in<br />

Vietnam, <strong>Keppel</strong> Land has<br />

introduced and set standards<br />

in sustainable developments<br />

Mr Kevin Wong, Group CEO of <strong>Keppel</strong> Land (third from left) and Mr Nguyen Thanh Lap, Chairman of Tien Phuoc, signed a JV agreement for an<br />

11-ha waterfront residential site<br />

with desirable live-work-andplay<br />

environments. We<br />

target to achieve a minimum<br />

of Singapore’s Building and<br />

Construction Authority’s<br />

Green Mark Gold Standard<br />

in our developments.<br />

“The acquisition will leverage<br />

on the strengths of the<br />

partnership and present an<br />

excellent opportunity for<br />

<strong>Keppel</strong> Land to further<br />

enhance our reputation as a<br />

choice developer of high-end<br />

landed homes in Vietnam.”<br />

Upon the issuance of<br />

investment certificate and<br />

relevant government<br />

approvals, KLL Strategic<br />

Holdings, a wholly-owned<br />

subsidiary of <strong>Keppel</strong> Land,<br />

will take up a 60% stake<br />

amounting to US$16.2<br />

million (approximately<br />

$22.7 million) of the total<br />

registered capital of<br />

US$27 million (approximately<br />

$37.8 million) in the JV<br />

company while Tien Phuoc<br />

will subscribe for the<br />

remaining interest.<br />

The villa development is also<br />

<strong>Keppel</strong> Land’s third landed<br />

waterfront property in<br />

HCMC. The first, Villa Riviera,<br />

located in District 2, saw all<br />

101 units sold within a year<br />

of its launch in 2006.<br />

THIRD TOWNSHIP SITE IN<br />

HCMC<br />

The second JV project is a<br />

waterfront residential<br />

township site in District 2<br />

which was secured in<br />

exchange for the<br />

construction of social<br />

housing in a pioneer<br />

government-led initiative.<br />

<strong>Keppel</strong> Land will develop the<br />

site together with Tien Phuoc<br />

and another local developer,<br />

Tran Thai.<br />

For this pilot programme,<br />

which will be developed in<br />

phases, the developer will<br />

build and transfer a social<br />

housing project of about<br />

1,800 apartments to the city.<br />

In return, HCMC will assign<br />

a 30-ha cleared site to the<br />

developer, zoned for<br />

waterfront development.<br />

The prime cleared site,<br />

located at South Rach Chiec<br />

in District 2, is <strong>Keppel</strong> Land’s<br />

third township in Vietnam.<br />

It is also the second<br />

collaboration between<br />

<strong>Keppel</strong> Land and Tien Phuoc,<br />

the first being The Estella, a<br />

1,393-unit condominium<br />

development also in District 2.<br />

<strong>Keppel</strong>ite I January <strong>2010</strong>


Sustaining Growth 5<br />

“<strong>Keppel</strong> Land was able to<br />

leverage its reputation in<br />

Vietnam and its strong<br />

relationships with local<br />

authorities and strategic<br />

partners to secure another<br />

large site to meet demand<br />

for its homes and build up its<br />

quality portfolio.<br />

The acquisition will leverage on the strengths of the<br />

partnership and present an excellent opportunity for<br />

<strong>Keppel</strong> Land to further enhance our reputation as a<br />

choice developer of high-end landed homes in Vietnam.<br />

Mr Kevin Wong<br />

Group CEO, <strong>Keppel</strong> Land<br />

“There is a growing middleclass<br />

who have become more<br />

discerning in their choice of<br />

residences and where they<br />

set up their businesses. Our<br />

new township will allow us<br />

to tap on our experience to<br />

masterplan and develop a<br />

desirable live-work-and-play<br />

environment and lifestyle for<br />

our residents,” said Mr Ang<br />

Wee Gee, ED and CEO<br />

(International), <strong>Keppel</strong> Land<br />

International.<br />

Flemmington Investments’<br />

42% stake in the project<br />

amounts to US$16 million<br />

(approximately $22.3 million)<br />

of the total registered capital<br />

of US$38 million<br />

(approximately $53.2<br />

million), while local partners<br />

Tien Phuoc and Tran Thai<br />

hold the remaining 38% and<br />

20% respectively.<br />

The waterfront township will<br />

comprise about 4,700 homes<br />

with a potential gross floor<br />

area of about 1 million sm.<br />

The first phase of the<br />

development is expected to<br />

be launched in 2011. keppelite<br />

<strong>Keppel</strong> Land’s residential developments in Ho Chi Minh City, such as Riviera Cove, have been well-received by Vietnamese homebuyers<br />

<strong>Keppel</strong>ite I January <strong>2010</strong>


6 Sustaining Growth<br />

Equipping China’s largest WTE plant<br />

China has surpassed America<br />

as the world’s largest<br />

producer of household<br />

garbage, according to the<br />

New York Times.<br />

It was against this backdrop<br />

that <strong>Keppel</strong> Seghers, the<br />

environmental engineering<br />

arm of <strong>Keppel</strong> Integrated<br />

Engineering (KIE), secured<br />

two contracts from repeat<br />

customers to supply wasteto-energy<br />

(WTE) solutions,<br />

totalling US$53 million<br />

(approximately $74.2 million),<br />

in China.<br />

The first contract, awarded<br />

by Shenzhen Energy<br />

Environmental Engineering<br />

Company Ltd, is for the<br />

expansion of an existing<br />

WTE plant in Shenzhen,<br />

Guangdong. When<br />

completed in 2011, the WTE<br />

plant will be the largest in<br />

China with an eventual<br />

capacity to treat 4,200<br />

tonnes of municipal waste<br />

per day.<br />

<strong>Keppel</strong> Seghers’ technology<br />

will enable the facility to treat<br />

an additional 3,000 tonnes<br />

to the existing 1,200 tonnes<br />

of municipal waste per day.<br />

The existing WTE plant’s key<br />

components were also<br />

provided by <strong>Keppel</strong> Seghers<br />

in 1999, when it was built.<br />

Back then, the plant was also<br />

the largest WTE plant in<br />

China.<br />

Mr Michael Chia, Deputy<br />

Chairman and CEO of KIE,<br />

said, “We are honoured<br />

to mark our 10 years of<br />

collaboration with Shenzhen<br />

Energy with this landmark<br />

project.”<br />

Besides the contract,<br />

a Memorandum of<br />

A toast to 10 years of collaboration – (from left) Mr Gao Zimin, Chairman of Shenzhen Energy Group, Mr Teo Soon Hoe, Senior ED and Group Finance Director, <strong>Keppel</strong> <strong>Corporation</strong>, Mr Goh Toh<br />

Sim, Chief Representative for China, <strong>Keppel</strong> <strong>Corporation</strong>, Mr Li Songtao, Chairman of Shenzhen Energy Environmental Engineering and Mr Michael Chia, Deputy Chairman and CEO of KIE<br />

<strong>Keppel</strong>ite I January <strong>2010</strong>


Sustaining Growth 7<br />

Understanding (MOU) was<br />

signed between <strong>Keppel</strong><br />

<strong>Corporation</strong> and Shenzhen<br />

Energy Group to explore<br />

areas of strategic<br />

partnerships related to<br />

environmental protection,<br />

including WTE projects.<br />

Both the contract and the<br />

MOU were signed in the<br />

presence of Mr Wang Rong,<br />

Standing Committee<br />

Member of Communist Party<br />

of China (CPC) Guangdong<br />

Provincial Committee,<br />

Deputy Secretary of CPC<br />

Shenzhen Municipal<br />

Committee and Acting<br />

Mayor of Shenzhen.<br />

At the ceremony, Mr Teo Soon<br />

Hoe, Senior ED and Group<br />

Finance Director of <strong>Keppel</strong><br />

<strong>Corporation</strong>, said, “For the<br />

majority of fast developing<br />

countries, waste is a serious<br />

problem. As cities develop,<br />

land becomes scarce.<br />

Consequently, landfills, as the<br />

conventional solution for<br />

waste, become inadequate.”<br />

Noting the advantages of<br />

WTE, Mr Teo mentioned<br />

that not only is it able to<br />

effectively reduce the volume<br />

of waste going to the landfill<br />

by 90%, it also produces<br />

energy in the process.<br />

Furthermore, with the<br />

technology advances,<br />

emissions from WTE facilities<br />

are now able to pass the<br />

most stringent emission<br />

standards.<br />

He elaborated, “In fact,<br />

<strong>Keppel</strong> Seghers has<br />

implemented WTE solutions<br />

for many urban communities<br />

in Japan, Korea, the Middle<br />

East, America and Europe.<br />

One of the WTE plants in<br />

South Korea, fitted with<br />

<strong>Keppel</strong> Seghers’ technology,<br />

is situated just 50m away<br />

from a residential apartment.<br />

This is testament that WTE is<br />

a practical and green solution<br />

that forms a vital part of the<br />

answer to the challenges of<br />

urban waste management.”<br />

The second contract,<br />

awarded by China Energy<br />

Conservation Investment<br />

<strong>Corporation</strong> (CECIC), is for<br />

the supply of technology for<br />

the furnace, boiler and flue<br />

gas cleaning components for<br />

a WTE plant in Chengdu.<br />

When completed in 2011,<br />

the plant will be able to treat<br />

1,800 tonnes of municipal<br />

waste per day.<br />

Mr Michael Chia added,<br />

“The two contracts from<br />

repeat customers affirm the<br />

quality and reliability of our<br />

WTE technology as an<br />

effective solution to waste<br />

management. The strength<br />

of our WTE technology will<br />

enable <strong>Keppel</strong> to gain further<br />

traction in the WTE market<br />

in China and the rest of the<br />

world.”<br />

KIE is currently the market<br />

leader for imported WTE<br />

solutions in China, with 60%<br />

of the market share.<br />

Last year, <strong>Keppel</strong> Seghers<br />

secured two WTE technology<br />

projects in China. In July<br />

2009, <strong>Keppel</strong> Seghers<br />

secured an £11 million<br />

(approximately $22.3 million)<br />

contract from Tianjin Binhai<br />

Environmental Industry<br />

Development Ltd to provide<br />

technology to a WTE plant in<br />

Hangu, Tianjin.<br />

In March 2009, <strong>Keppel</strong><br />

Seghers was also awarded a<br />

$30 million contract by<br />

Riseland Holdings, a<br />

subsidiary of Everbright<br />

International, to provide<br />

technology to a WTE plant in<br />

Jinan, Shandong. keppelite<br />

The two contracts from repeat customers affirm the quality and reliability of<br />

our WTE technology as an effective solution to waste management. The<br />

strength of our WTE technology will enable <strong>Keppel</strong> to gain further traction<br />

in the WTE market in China and the rest of the world.<br />

Mr Michael Chia<br />

Deputy Chairman and CEO, KIE<br />

<strong>Keppel</strong>ite I January <strong>2010</strong>


8 Sustaining Growth<br />

Early start to <strong>2010</strong><br />

<strong>Keppel</strong> FELS delivers first rig of the year ahead of schedule and within budget.<br />

After wrapping up a record<br />

year of 13 rig deliveries in<br />

2009 – all of them delivered<br />

on time and within budget –<br />

<strong>Keppel</strong> FELS kicked off <strong>2010</strong><br />

with an early delivery in<br />

January.<br />

<strong>Keppel</strong> FELS delivered<br />

ENSCO 8502, the third of<br />

seven ENSCO 8500 Series ®<br />

semisubmersible (semi)<br />

drilling rigs it has been<br />

contracted to build<br />

exclusively for Ensco<br />

International (Ensco), seven<br />

days ahead of schedule.<br />

The rig is on track to<br />

commence operations in<br />

the US Gulf of Mexico in the<br />

second quarter of <strong>2010</strong>,<br />

under a two-year contract<br />

with Nexen Petroleum U.S.A.<br />

Inc. with term extension<br />

options.<br />

The early completion was a<br />

culmination of progressive<br />

productivity gains achieved<br />

by <strong>Keppel</strong> FELS on the<br />

construction of the Series.<br />

Construction lead time for<br />

ENSCO 8502 was reduced by<br />

1.1 million man-hours, as<br />

compared to the first rig in<br />

the Series. This represents a<br />

15% boost in efficiency.<br />

Mr Dan Rabun, Chairman,<br />

President & CEO of Ensco,<br />

said, “We are pleased that<br />

<strong>Keppel</strong> has remained an<br />

outstanding long-term<br />

supporter of Ensco’s<br />

deepwater strategy. We<br />

commend the shipyard and<br />

management teams for<br />

managing the project<br />

schedule and resources<br />

very well even through<br />

challenging times, resulting<br />

in an early and within budget<br />

delivery.<br />

“With each consecutive rig,<br />

we have seen continuous<br />

improvement in the<br />

construction progress,<br />

reaffirming our decision to<br />

build the entire seven-rig<br />

series with a single yard to<br />

realise efficiencies and<br />

economies of scale. We are<br />

further convinced that<br />

<strong>Keppel</strong> FELS is the right<br />

choice as our trusted<br />

shipyard partner.”<br />

Mr Tong Chong Heong, CEO<br />

of <strong>Keppel</strong> FELS, said, “<strong>Keppel</strong><br />

has supported and moved<br />

closely in step with our<br />

customers as the offshore<br />

market’s needs evolved over<br />

the years.<br />

“In particular, we take<br />

pride in delivering to our<br />

customers, not only on time<br />

and within budget, but also<br />

quality products that are<br />

ready to be deployed for<br />

operations, smoothly and<br />

safely. We are confident that,<br />

like her sister rigs, ENSCO<br />

8502 will be ready to drill on<br />

location shortly after she<br />

arrives in the Gulf of<br />

Mexico.” keppelite<br />

ENSCO 8502 was delivered seven days ahead of schedule as a result of the progressive productivity gains achieved by <strong>Keppel</strong> FELS on the<br />

construction of Ensco’s seven-rig series<br />

<strong>Keppel</strong>ite I January <strong>2010</strong>


Sustaining Growth 9<br />

Honouring a great ship<br />

Greatship Maya is the first state-of-the-art vessel that <strong>Keppel</strong> Singmarine is<br />

building for Greatship and customising geotechnical services for GC Rieber.<br />

<strong>Keppel</strong> Singmarine has<br />

delivered a platform supply<br />

geotechnical vessel on<br />

schedule to Greatship Global<br />

Offshore Services Pte. Ltd<br />

(Greatship).<br />

Named on 23 January <strong>2010</strong>,<br />

the vessel has been bareboat<br />

chartered to GC Rieber<br />

Shipping Asia Pte Ltd (GC<br />

Rieber). The vessel will be<br />

deployed by GC Rieber and<br />

partner company Bluestone<br />

Offshore Pte Ltd in Australia<br />

in the first quarter of <strong>2010</strong>.<br />

Unlike standard platform<br />

supply vessels, the vessel is a<br />

Igniting brilliant beginnings for Greatship<br />

Maya – Lady Sponsor Mrs Hege Tiller<br />

multi-functional enhanced<br />

offshore support vessel<br />

equipped with drilling unit,<br />

which is capable of operating<br />

at water depths of up to<br />

1,800 metres. She is also able<br />

to perform real-time in-situ<br />

tests from downhole or<br />

seabed mode as well<br />

as various geotechnical<br />

laboratory tests onboard.<br />

The 94-metre long vessel is<br />

equipped with two units of<br />

electrical driven 2600KW<br />

Azimuth thrusters and three<br />

units of 1050KW tunnel<br />

thrusters to achieve a<br />

Dynamic Positioning II<br />

capability. It has a moon pool<br />

and 1,000 sm of clear deck<br />

space for the installation of<br />

drilling derrick, line tensioner<br />

winches, mud pumps,<br />

hydraulic unit and various<br />

specialised containers for<br />

performing geotechnical<br />

services.<br />

She was named by Lady<br />

Sponsor, Mrs Hege Tiller,<br />

spouse of Mr Finn Atle<br />

Hamre, Managing Director of<br />

GC Rieber Shipping Asia Pte<br />

Ltd.<br />

Mr Hoe Eng Hock, ED of<br />

<strong>Keppel</strong> Singmarine, said,<br />

“We have worked hand-inhand<br />

with Greatship over the<br />

last two years to deliver this<br />

fine vessel. Her successful<br />

completion reinforces <strong>Keppel</strong><br />

Singmarine’s ability and<br />

Greatship Maya is a multi-functional enhanced offshore support vessel<br />

commitment to provide<br />

reliable and versatile solutions<br />

in meeting the needs of all<br />

offshore environments.<br />

“With a proven track<br />

record and expertise in the<br />

design and construction of<br />

specialised ships, we are wellpoised<br />

to support Greatship<br />

in growing its modern fleet<br />

of sophisticated vessels.”<br />

Greatship Maya is one of the<br />

few OSVs in the world to be<br />

certified as Special Purpose<br />

Ship under the IMO SPS<br />

Code 2008 to meet stringent<br />

standard for safety and<br />

stability for vessels carrying<br />

more than 12 special project<br />

personnel.<br />

Mr Venkatraman<br />

Sheshashayee, ED of<br />

Greatship, said, “We are very<br />

proud of the outstanding<br />

quality and capability of<br />

Greatship Maya, which has<br />

reinforced our decision to<br />

work with a world-class<br />

shipbuilder such as <strong>Keppel</strong><br />

Singmarine.<br />

“As we look forward to the<br />

rest of our vessels this<br />

year, we are confident that<br />

they will perform to our<br />

customers’ expectations and<br />

distinguish Greatship as a<br />

choice provider of innovative<br />

and versatile solutions for the<br />

offshore industry.” keppelite<br />

<strong>Keppel</strong>ite I January <strong>2010</strong>


10 Sustaining Growth<br />

Steady improvement in performance<br />

For the full year 2009, K-REIT<br />

Asia’s distributable income<br />

of $70.5 million is 21.1%<br />

higher than that for the same<br />

period in 2008. This was due<br />

mainly to higher rental rates<br />

achieved for new and<br />

renewed leases and income<br />

contribution from K-REIT<br />

Asia’s one-third interest in<br />

One Raffles Quay Pte Ltd.<br />

4Q 2009 FY 2009 FY 2008 + / (-)<br />

$’000 $’000 $’000 %<br />

Property Income 17,015 62,811 52,646 19.3<br />

Net Property Income 13,441 48,880 39,659 23.3<br />

Net Income 7,031 27,616 19,289 43.2<br />

Distributable Income to Unitholders 19,400 70,519 58,182 21.2<br />

Distribution Per Unit (cents)<br />

For the Period 1.45 5.28 4.41 (19.7)<br />

Annualised 5.75 5.28 4.41 (19.7)<br />

Net property income rose<br />

23.2% year-on-year to<br />

$48.9 million in 2009, due<br />

mainly to positive rental<br />

reversions and contribution<br />

from the additional six strata<br />

floors of Prudential Tower.<br />

The average gross monthly<br />

rent of K-REIT Asia’s portfolio<br />

was 7.2% higher at $8.16<br />

psf in December 2009<br />

compared with $7.61 psf in<br />

December 2008.<br />

Distribution per unit (DPU)<br />

for 2009 was 5.28 cents<br />

compared with 4.41 cents in<br />

2008, which has been<br />

restated to take into account<br />

the effect of the one-for-one<br />

rights issue and enlarged<br />

unit base of approximately<br />

1.3 billion units.<br />

K-REIT Asia CEO and FC, Ms Ng Hsueh Ling (left) and Ms Evelyn Tong respectively, briefed<br />

media and analysts on the company’s performance and key milestones achieved in 2009<br />

Restated taking into account the effect of the underwritten, renounceable 1-for-1 rights issue to raise gross proceeds of S$620 million at an<br />

issue price of $0.93 per rights unit and computed based on the issued units at the end of each period aggregated with 666,703,965 units<br />

which were issued on 22 November 2009<br />

For the period from 1 July to<br />

31 December 2009, K-REIT<br />

Asia will pay out 2.77 cents<br />

per unit on 25 February <strong>2010</strong><br />

based on 100% of its<br />

taxable income available for<br />

distribution to Unitholders.<br />

This will bring the total DPU<br />

pay-out to 7.76 cents for the<br />

period from 1 January to<br />

31 December 2009.<br />

RIGHTS ISSUE<br />

COMPLETION<br />

In November 2009, K-REIT<br />

Asia successfully completed<br />

a one-for-one rights issue<br />

at $0.93 per unit and<br />

raised gross proceeds of<br />

approximately $620 million.<br />

The rights issue has provided<br />

the company with additional<br />

funding capacity to pursue<br />

acquisition growth.<br />

Some $99.7 million of the<br />

rights proceeds was used to<br />

repay a bridging loan facility<br />

for the purpose of financing<br />

the acquisition of the six<br />

strata floors of Prudential<br />

Tower. After the repayment,<br />

K-REIT Asia’s aggregate<br />

leverage was 27.7% as at<br />

end-December 2009.<br />

SEEKING ACQUISITION<br />

AND GROWTH<br />

OPPORTUNITIES<br />

K-REIT Asia is well-positioned<br />

to capitalise on the recovery<br />

of Singapore’s economy with<br />

its high-quality asset<br />

portfolio, strong tenancy<br />

profile and diverse tenant<br />

business mix. The weighted<br />

average lease term for its<br />

portfolio is 5.2 years while<br />

that of its top 10 tenants is<br />

6.7 years, providing income<br />

stability for Unitholders.<br />

The acquisition of additional<br />

six strata floors of Prudential<br />

Tower in November 2009<br />

marked K-REIT Asia’s first<br />

third-party acquisition. The<br />

purchase has raised its stake<br />

<strong>Keppel</strong>ite I January <strong>2010</strong>


Sustaining Growth 11<br />

from 44.4% to a majority<br />

control of 73.4% of the total<br />

strata area, which will put<br />

K-REIT Asia in a stronger<br />

position to manage the<br />

income generated from this<br />

asset.<br />

As at end-2009, K-REIT Asia’s<br />

portfolio net lettable area was<br />

1.3 million sf and portfolio<br />

size was $2.1 billion. On an<br />

average psf basis, portfolio<br />

valuation has fallen by 5.3%<br />

to $1,616 psf from a year<br />

ago, which is at the lower end<br />

of market valuation for prime<br />

office space.<br />

With enhanced financial<br />

flexibility from the rights<br />

issue, K-REIT Asia intends to<br />

pursue opportunities for<br />

strategic acquisitions in<br />

Singapore and other Asian<br />

growth cities. It will continue<br />

to identify potential asset<br />

enhancement initiatives for<br />

its property portfolio to<br />

maximise rental income,<br />

and to place emphasis on<br />

attracting creditworthy new<br />

tenants, retaining good<br />

existing tenants and<br />

improving operational and<br />

cost efficiencies. keppelite<br />

Full year results for<br />

<strong>Keppel</strong> <strong>Corporation</strong><br />

and <strong>Keppel</strong> Land will<br />

be reported in the<br />

February issue with<br />

their releases in late<br />

January.<br />

<strong>Keppel</strong> T&T seeks<br />

growth opportunities<br />

<strong>Keppel</strong> Telecommunications<br />

& Transportation (<strong>Keppel</strong><br />

T&T) group revenue<br />

decreased 12% in 2009 to<br />

$113.3 million due mainly to<br />

lower logistics revenue in<br />

Singapore and the winding<br />

down of the network<br />

engineering business.<br />

Nonetheless, revenue from<br />

logistics activities in China<br />

continued to show healthy<br />

improvements. The group<br />

has further expanded its data<br />

centre business.<br />

Profit before tax and<br />

exceptional items was<br />

$65.3 million due to lower<br />

operating profit. However,<br />

share of contributions<br />

from associated companies<br />

improved 4% to<br />

$58.5 million. Group profit<br />

after tax was 13% lower at<br />

$47.7 million due to<br />

impairment in value of<br />

investments and provision<br />

for restructuring costs.<br />

The Directors are pleased to<br />

recommend a first and final<br />

dividend of 3.0 cents per<br />

share tax exempt (one-tier)<br />

for 2009 subject to approval<br />

by shareholders at the<br />

next Annual General<br />

Meeting to be convened in<br />

April <strong>2010</strong>.<br />

PROSPECTS<br />

Logistics operations are<br />

expected to benefit from<br />

the improved economic<br />

outlook. In Singapore,<br />

<strong>Keppel</strong> T&T will redevelop<br />

its logistics assets to<br />

maximise returns. The group<br />

currently enjoys a strong<br />

position in Foshan and<br />

looks to expand its<br />

Logistics activities in China continued to show healthy improvements<br />

warehouse and distribution<br />

business in the region. In<br />

addition, it is looking to<br />

deepen its logistics<br />

operations in Vietnam.<br />

The group’s data centre in<br />

Singapore has commenced<br />

operations and currently<br />

serves a number of blue-chip<br />

customers. The Citadel100<br />

data centre in Ireland<br />

continues to enjoy full<br />

occupancy, while demand for<br />

data centres continues to<br />

hold up well. keppelite<br />

<strong>Keppel</strong>ite I January <strong>2010</strong>


12 Sustaining Growth<br />

Tianjin Eco-City to pilot<br />

eco-manufacturing base<br />

Senior management from SSTEC and guests from <strong>Keppel</strong> <strong>Corporation</strong> and the Tianjin authorities marking the groundbreaking of Tianjin Eco-City’s Eco-Industrial Park<br />

On 30 December 2009, the<br />

Sino-Singapore Tianjin Eco-<br />

City (Tianjin Eco-City) took<br />

another leap forward in its<br />

development as it began<br />

construction on the 130-ha<br />

Eco-Industrial Park (EIP),<br />

which will cost about<br />

RMB 4 billion to develop and<br />

can draw in RMB 4 billion<br />

worth of investments and<br />

about 10,000 jobs when<br />

completed.<br />

Located in the northern<br />

region of the Eco-City, next<br />

to major highways leading to<br />

Tianjin’s city centre, port and<br />

airport, as well as Beijing, the<br />

EIP will be the first of its kind<br />

in China, serving as the<br />

premier eco-manufacturing<br />

base for the Bohai Rim area.<br />

The EIP’s groundbreaking<br />

ceremony was graced by<br />

Mr He Lifeng, Deputy<br />

Secretary of the Communist<br />

Party of China Tianjin<br />

Municipal Committee and<br />

Chairman of Sino-Singapore<br />

Tianjin Eco-City Investment<br />

and Development Co., Ltd.<br />

(SSTEC), Dr Lee Boon Yang,<br />

Chairman of <strong>Keppel</strong><br />

<strong>Corporation</strong>, and guests<br />

from the Tianjin Binhai New<br />

Area (TBNA) Administrative<br />

Committee, Eco-City<br />

Administrative Committee<br />

and Tianjin Eco-City<br />

Investment and Development<br />

Co., Ltd.<br />

The EIP will be home to light,<br />

clean industries involved in<br />

waste management, green<br />

buildings and transport,<br />

potable water and hygienic<br />

environment. Using the<br />

Eco-City as a base, these<br />

industries can tap the<br />

growing eco-business<br />

opportunities in the fast<br />

growing TBNA and northern<br />

China.<br />

“The EIP will serve China’s<br />

rapidly growing need<br />

for clean technologies<br />

production bases. We expect<br />

the EIP to become a major<br />

hub for eco-manufacturing<br />

corporations that radiates<br />

out to the Bohai Bay region.<br />

More importantly, it can<br />

serve as a model of how<br />

industries can also be<br />

developed in an eco-friendly<br />

and sustainable way,” said<br />

Mr Goh Chye Boon, CEO of<br />

SSTEC.<br />

To kickstart the development,<br />

SSTEC will commence<br />

construction of more than<br />

220,000 sm of ready-built<br />

factories on a 15-ha land plot<br />

starting from 2Q <strong>2010</strong>. This<br />

move aims to satisfy the<br />

strong demand from local<br />

and foreign investors<br />

interested in setting up<br />

manufacturing facilities to<br />

serve the Tianjin Eco-City,<br />

TBNA and northern China<br />

markets.<br />

The EIP will be built<br />

according to the Eco-City’s<br />

Green Building Evaluation<br />

Standard, which draws the<br />

best from China’s Green Star<br />

standards and Singapore’s<br />

Green Mark standards.<br />

Putting green building<br />

concepts into practice, the<br />

construction of EIP will adopt<br />

eco-friendly strategies such<br />

as optimisation of building<br />

layout, utilisation of<br />

renewable energy and<br />

suitable building materials,<br />

recycling of water and waste,<br />

provision of green spaces<br />

and environmentally-friendly<br />

construction methods. keppelite<br />

<strong>Keppel</strong>ite I January <strong>2010</strong>


Sustaining Growth 13<br />

Delivering hardy vessels<br />

<strong>Keppel</strong> Singmarine and its<br />

sister yard <strong>Keppel</strong> Nantong<br />

demonstrated their<br />

commitment to meet the<br />

needs of customers with the<br />

timely and safe deliveries of<br />

an Anchor Handling Tug<br />

Supply (AHTS) vessel and<br />

two tugboats.<br />

On 1 January <strong>2010</strong>,<br />

<strong>Keppel</strong> Singmarine delivered<br />

Hadi 27, an AHTS to Hadi H.<br />

Al-Hamman Establishment<br />

(Hadi). The 80-tonne bollard<br />

pull vessel is equipped with<br />

dynamic positioning system<br />

and Azimuth thrusters to<br />

enhance its position keeping<br />

and maneuverability as she<br />

performs various supply and<br />

support functions for the<br />

offshore installation and<br />

floating units.<br />

Mr Hoe Eng Hock, ED of<br />

<strong>Keppel</strong> Singmarine, said,<br />

“Hadi 27 has exceeded its<br />

contractual bollard pull and<br />

speed during its sea trial<br />

performance conducted in<br />

December 2009. We are also<br />

proud to announce that our<br />

projects and construction<br />

with Hadi have been on time<br />

and with zero lost-time<br />

incidents.”<br />

contracting, trading and<br />

marine service providers<br />

to the oil & gas and<br />

petrochemical industries in<br />

the Middle East with its<br />

headquarters in Saudi<br />

Arabia.<br />

Over in China, <strong>Keppel</strong><br />

Nantong has also delivered<br />

two 65-tonne bollard pull<br />

twin-screw Azimuth Stern<br />

Drive tugboats to <strong>Keppel</strong><br />

Smit Towage.<br />

Both KST 54 and KST 55 are<br />

of the proprietary MTD<br />

3265ST design developed by<br />

<strong>Keppel</strong> Singmarine’s<br />

technology unit, Marine<br />

Technology Development.<br />

Both vessels also exceeded<br />

the contractual bollard pull<br />

and designed speed during<br />

its sea trial performance.<br />

<strong>Keppel</strong> Smit Towage is a joint<br />

venture between <strong>Keppel</strong> and<br />

Smit International Singapore.<br />

The company operates a<br />

complete spectrum of<br />

towage. keppelite<br />

KST 55 is of the proprietary MTD 3265ST design developed by <strong>Keppel</strong> Singmarine’s<br />

technology unit, Marine Technology Development<br />

Hadi 27 is currently operating<br />

in Saudi Arabia. Since<br />

2002, Hadi has awarded<br />

<strong>Keppel</strong> Singmarine a total of<br />

12 AHTS orders. Hadi is<br />

one of the leading general<br />

Delivered on time by <strong>Keppel</strong> Singmarine, Hadi 27 is currently operating in Saudi Arabia<br />

<strong>Keppel</strong>ite I January <strong>2010</strong>


14 Sustaining Growth<br />

Safety all the way<br />

Safety never takes a day off at <strong>Keppel</strong> Offshore & Marine’s yards. Backed by a<br />

strong safety culture shared by its workforce, customers, vendors and suppliers,<br />

<strong>Keppel</strong> FELS and <strong>Keppel</strong> Shipyard recently celebrated safety milestones on its<br />

projects.<br />

BW Pioneer on its way to the US Gulf of Mexico, where it will be the first FPSO deployed there<br />

DELIVERING ON SAFETY<br />

With good safety<br />

records, BW Pioneer and<br />

Four Rainbow, two Floating<br />

Production Storage and<br />

Offloading (FPSO) vessels<br />

have left <strong>Keppel</strong> Shipyard<br />

for deployment in their<br />

respective fields.<br />

BW Pioneer, which achieved<br />

over five million man-hours<br />

worked without lost-time<br />

incidents (LTI), left the yard<br />

on 8 January this year.<br />

As it was the world’s first<br />

FPSO to be deployed and<br />

operate in the US Gulf of<br />

Mexico (GoM), the project<br />

team had to overcome the<br />

challenge of meeting the<br />

requirements of the US<br />

Coast Guard and Minerals<br />

Management Service.<br />

Senior Project Manager,<br />

Mr Jamil bin Abdul Ghani,<br />

said, “Safety and work went<br />

hand in hand on this project,<br />

as endorsed by the project<br />

teams of <strong>Keppel</strong> and<br />

BW Offshore. We ensured<br />

that all safety processes were<br />

in place and everyone on the<br />

project was aligned to the<br />

safety standards.<br />

“It required good teamwork,<br />

continuous vigilance,<br />

perseverance and strict<br />

observance of the yard’s<br />

‘Safety Starts with Me’ and<br />

‘Together We Care’ slogans.<br />

The time and effort spent in<br />

creating a safe and healthy<br />

work environment has been<br />

worth it.”<br />

In celebration of its<br />

safety achievements, the<br />

project team comprising<br />

BW Offshore, <strong>Keppel</strong> Shipyard<br />

and contractors donated<br />

close to $9,000 to charity.<br />

At the one millionth and<br />

four millionth man-hours<br />

achieved without LTI<br />

milestones, about $4,500<br />

and $4,400 were donated<br />

to the Children’s Cancer<br />

Foundation and the<br />

Sumatra Quake Relief Fund<br />

respectively.<br />

Leased by Petrobras America<br />

Inc. to operate in the<br />

Cascade and Chinook fields<br />

of the US GoM, FPSO<br />

BW Pioneer will be turret<br />

moored at a water depth of<br />

about 2,600m – by far the<br />

deepest for an FPSO.<br />

FPSO Four Rainbow left<br />

<strong>Keppel</strong> Shipyard for the<br />

Woollybutt field in Western<br />

Australia on 31 December<br />

2009 after completing its<br />

refurbishment and life<br />

extension works with almost<br />

half a million man-hours<br />

without LTI.<br />

Mr Foo Kim Suan, Senior<br />

Project Manager, shared,<br />

“This record was<br />

accomplished due to<br />

<strong>Keppel</strong>ite I January <strong>2010</strong>


Sustaining Growth 15<br />

teamwork and vigilance of<br />

everyone involved. As it was<br />

a fast-track project, one of<br />

our challenges was to ensure<br />

all work processes were<br />

carried out safely even<br />

though the schedule was<br />

tight.”<br />

Work on the vessel included<br />

blasting and coating of cargo<br />

tanks and water ballasting<br />

tanks, installing a new gas<br />

lift compression module<br />

and desander skids, as<br />

well as upgrading of the<br />

accommodation.<br />

JACKING UP SAFETY<br />

STANDARDS<br />

Having just celebrated the<br />

early delivery of the sixth of<br />

seven KFELS semisubmersible<br />

drilling tenders to Seadrill in<br />

December 2009, <strong>Keppel</strong> FELS<br />

and its customer had good<br />

reason to commemorate<br />

another milestone recently.<br />

construction of each of the<br />

KFELS B Class jackup rigs,<br />

West Callisto and West Juno,<br />

on 14 January <strong>2010</strong>.”<br />

To commemorate the<br />

safety milestones, Seadrill<br />

presented a bonus of<br />

S$10,000 to <strong>Keppel</strong> FELS on<br />

14 January <strong>2010</strong>.<br />

<strong>Keppel</strong> FELS has constructed<br />

four of Seadrill’s world-class<br />

jackups. Construction of the<br />

seventh SSDT and the two<br />

jackups remains on schedule<br />

with expected deliveries<br />

extending from 2Q <strong>2010</strong><br />

into 2Q 2011. When<br />

completed, <strong>Keppel</strong>-built<br />

rigs will make up 35% of<br />

Seadrill’s premium fleet.<br />

BULLY SAFE AND SOUND<br />

The twin Bully drillships at<br />

<strong>Keppel</strong> Shipyard celebrated<br />

significant safety milestones<br />

on 8 January <strong>2010</strong>.<br />

while Bully II clocked over<br />

one million man-hours<br />

worked without LTI. Both<br />

vessels have zero reportable<br />

incidents since the project<br />

started.<br />

With work on the drillships<br />

being done simultaneously, it<br />

is twice the challenge for the<br />

project management team to<br />

ensure that safety vigilance<br />

is kept up on both projects.<br />

Besides the manpower<br />

involved, installing Huisman’s<br />

muilti-purpose tower (MPT),<br />

the world first enclosed steel<br />

structural drilling tower<br />

which weighs about 950<br />

tonnes, involved precise<br />

planning between the<br />

clients, vendors and <strong>Keppel</strong><br />

Shipyard.<br />

Senior Project Manager<br />

Low Kok Chiang said, “Both<br />

the floating cranes, Asian<br />

Hercules and Asian Hercules<br />

II, were utilised to lift and<br />

install the MPT onboard the<br />

drillship. Scheduling day and<br />

night shifts, we were<br />

constantly trying to make<br />

sure everyone was alert<br />

and vigilant at all times.<br />

Teamwork and coordination<br />

were vital to ensuring the<br />

operation was carried out<br />

smoothly and safely.” keppelite<br />

“The longstanding partners<br />

celebrated one million safe<br />

manhours achieved on the<br />

Bully I achieved zero lost-time<br />

incidents (LTI) after three<br />

million man-hours worked<br />

Safety rewards – Mr Jerry Dokos, Project Manager, Seadrill shares his endorsement at the<br />

safety bonus presentation as Mr Bryan Toh, Project Manager, <strong>Keppel</strong> FELS, looks on<br />

Commemorating the safety milestones of the Bully drillships are (left) Mr David Smallwood,<br />

Project Manager of Frontier Bully Projects and Mr Spencer Leong, GM of <strong>Keppel</strong> Shipyard<br />

(Gul)<br />

<strong>Keppel</strong>ite I January <strong>2010</strong>


16 Sustaining Growth<br />

Keeping pace<br />

Driven by a commitment to<br />

operational excellence,<br />

projects at <strong>Keppel</strong> FELS<br />

remain on track, achieving<br />

several milestones in recent<br />

months.<br />

Mr Wong Kok Seng, ED of<br />

<strong>Keppel</strong> FELS said, “We<br />

were able to deliver by<br />

consistently striving for<br />

operational excellence and<br />

innovation, backed by strong<br />

project management and<br />

close partnerships with<br />

our unions, customers,<br />

contractors and vendors.<br />

“For <strong>2010</strong>, we will remain<br />

focused on execution<br />

excellence and further<br />

improving efficiency to<br />

deliver superior solutions and<br />

services safely, on time, and<br />

within budget, while<br />

pursuing more projects.”<br />

KFELS N CLASS JACKUP<br />

Shortly after the celebration<br />

of one million manhours<br />

without lost time incident on<br />

the construction of SKDP 3<br />

in November 2009, the<br />

teams from Skeie Drilling<br />

& Production (Skeie)<br />

and <strong>Keppel</strong> FELS cheered<br />

to yet another milestone<br />

achievement.<br />

On 18 December 2009,<br />

the keel was laid for the<br />

last of the trio of KFELS N<br />

Class jackup drilling rigs<br />

being built by <strong>Keppel</strong> FELS<br />

for Skeie. Construction of all<br />

Teamwork thrives – Mr Chia Chuan Beng, Senior Project Manager, <strong>Keppel</strong> FELS and Mr Mark Aitken, Site Manager for SKDP, show solidarity in<br />

keeping construction safe, on time and within budget<br />

three rigs continues to be<br />

on track.<br />

The trio are the world’s<br />

first jackups to be designed<br />

and constructed to suit<br />

operations in the Norwegian<br />

Continental Shelf.<br />

KFELS SSDT TM<br />

Following the finalisation<br />

of the contract to<br />

build Vietnam’s first<br />

semisubmersible drilling<br />

tender for PetroVietnam<br />

Drilling and Well Services<br />

<strong>Corporation</strong>, <strong>Keppel</strong> FELS<br />

has struck first steel for the<br />

rig on 22 January <strong>2010</strong>.<br />

Targeted for delivery in the<br />

fourth quarter of 2011, this<br />

tender assist rig will be built<br />

to <strong>Keppel</strong>’s award-winning<br />

KFELS SSDT TM 3600E design.<br />

Steely beginnings – Mr Nguyen Quynh Lam, CEO of Bien Dong Production & Operating<br />

Company, activates the cutting of the first steel for the KFELS SSDT while Mr Tong Chong<br />

Heong, CEO of <strong>Keppel</strong> Offshore & Marine, looks on<br />

keppelite<br />

<strong>Keppel</strong>ite I January <strong>2010</strong>


Special Focus 17<br />

Homecoming for<br />

Uniquely Singapore<br />

The atmosphere at <strong>Keppel</strong> Bay was nothing short of electric at the homecoming<br />

of Uniquely Singapore and welcome of the Clipper Race fleet. As the fleet sailed<br />

into Marina at <strong>Keppel</strong> Bay, joyful cheers from about 1,000 spectators including<br />

family, friends and fans of the international crew were accompanied by the<br />

pulsating beat of 41 drummers in a spectacular ceremony held on Saturday,<br />

23 January <strong>2010</strong>.<br />

Continues on page 18...<br />

<strong>Keppel</strong>ite I January <strong>2010</strong>


18 Special Focus<br />

...continued from page 17.<br />

WAVES OF CELEBRATION<br />

AT KEPPEL BAY<br />

Singapore has always been<br />

regarded as one of the best<br />

stopovers in the Clipper<br />

Race, so much so that even<br />

past Uniquely Singapore<br />

crew members from the<br />

Clipper 05/06 and 07/08<br />

Races specially made the trip<br />

to town to join in the<br />

celebrations at <strong>Keppel</strong> Bay.<br />

The journey to Singapore for<br />

the Clipper Race fleet from<br />

Geraldton, Western Australia<br />

has not been without its<br />

thrills and spills, especially for<br />

the Irish entry Cork which ran<br />

into a submerged reef off<br />

Indonesia and had to be lost<br />

to the sea. Fortunately, all the<br />

crew members were safe.<br />

The California clipper, had<br />

engine troubles the day<br />

before the celebrations and<br />

had to be towed into <strong>Keppel</strong><br />

Bay from Nongsa Point<br />

Marina & Resort for the<br />

festivities. Despite it all, spirits<br />

were high and all joined in<br />

the revelry.<br />

A rousing welcome for the Clipper Race fleet at <strong>Keppel</strong> Bay by Dr Lee Boon Yang, Chairman of <strong>Keppel</strong> <strong>Corporation</strong>. Looking on are (from left)<br />

Ms Aw Kah Peng, Chief Executive, Singapore Tourism Board; Mr Teo Soon Hoe, Senior Executive Director & Group Finance Director, <strong>Keppel</strong><br />

<strong>Corporation</strong>; Mr Choo Chiau Beng, CEO, <strong>Keppel</strong> <strong>Corporation</strong>; Sir Robin Knox-Johnston, Chairman, Clipper Ventures Plc and Mr Kevin Wong,<br />

Group CEO, <strong>Keppel</strong> Land<br />

The Uniquely Sing<br />

In his welcome speech,<br />

Dr Lee Boon Yang, Chairman<br />

of <strong>Keppel</strong> <strong>Corporation</strong>, said,<br />

“With the slew of exciting<br />

waterfront developments<br />

and activities at <strong>Keppel</strong> Bay,<br />

HarbourFront and Sentosa,<br />

we expect more international<br />

yachtsmen and boaters to be<br />

drawn to Singapore. This is<br />

where Marina at <strong>Keppel</strong> Bay,<br />

with its premium berths,<br />

RYA-accredited sailing<br />

academy and variety of<br />

services and facilities, will<br />

play its part to promote<br />

Continues on page 20...<br />

The jubilant crew from Cape Breton Island who won the Uniquely Singapore cup sponsored by <strong>Keppel</strong> <strong>Corporation</strong><br />

Karan Teo! Well done and welcome home <strong>Keppel</strong> Ambassador<br />

Sail for a cause – K<br />

Clipper training an<br />

The energy at <strong>Keppel</strong> Ba<br />

cannons and confetti – t<br />

themselves. We’ve taken<br />

world. We’ve got a lot o<br />

together and respected<br />

global mindset – it’s a gl<br />

Mr Jim Dobie<br />

Skipper of Uniquely Singapore<br />

<strong>Keppel</strong>ite I January <strong>2010</strong>


19<br />

apore team cheered on by residents of Caribbean at <strong>Keppel</strong> Bay<br />

The ‘world’ sails into one great location at <strong>Keppel</strong> Bay<br />

eppel Ambassador Adrian Tan sets up booth at the Marina to sell postcards of photographs he took during the<br />

d those of <strong>Keppel</strong> Bay to raise funds in aid of children’s charities<br />

y was awesome with the drum beats, water<br />

he people at <strong>Keppel</strong> have really outdone<br />

the <strong>Keppel</strong> ‘Can-Do!’ attitude around the<br />

f nationalities on board – people have just got<br />

each other’s culture. Yes, we definitely have a<br />

obal boat!<br />

Jim Dobie, skipper of Uniquely Singapore, receives a token from Chairman Dr Lee Boon Yang<br />

of <strong>Keppel</strong> <strong>Corporation</strong><br />

<strong>Keppel</strong>ite I January <strong>2010</strong>


20 Special Focus<br />

...continued from page 19.<br />

Singapore’s attractiveness as<br />

a leading destination and<br />

sailing hub in Asia.<br />

“We share the vision with<br />

Singapore Tourism Board to<br />

showcase the Uniquely<br />

Singapore brand to the world<br />

and to promote Singapore as<br />

a ‘must visit’ global city.”<br />

Chairman Dr Lee attended<br />

the Ceremony accompanied<br />

by Mr Choo Chiau Beng,<br />

CEO of <strong>Keppel</strong> <strong>Corporation</strong><br />

and other distinguished<br />

guests which included<br />

ambassadors.<br />

The Chairman also presented<br />

the Uniquely Singapore Cup,<br />

sponsored by <strong>Keppel</strong>, to<br />

Cape Breton Island which<br />

crossed the finish line in the<br />

Singapore Straits at 0914<br />

local time on Sunday, 17<br />

January <strong>2010</strong>. It beat Spirit<br />

of Australia by just 15<br />

minutes while Jamaica<br />

Lightning Bolt was third to<br />

cross the line.<br />

Sir Robin Knox-Johnston,<br />

founder and Chairman of<br />

Clipper Ventures, who was<br />

also at the celebrations, said,<br />

“This is the third time that<br />

there has been a Uniquely<br />

Singapore entry in the<br />

Clipper Race and each time,<br />

the arrival ceremony is more<br />

staggering.”<br />

Coming in 7 th position in the<br />

race from Geraldton, the<br />

spirits of the Uniquely<br />

Singapore crew were far<br />

from dampened.<br />

<strong>Keppel</strong> Ambassador Karan<br />

Teo, who was racing on the<br />

homecoming leg, was elated<br />

to be among family and<br />

friends. On her Uniquely<br />

Singapore experience, she<br />

shared, “The best part of this<br />

experience for me has been<br />

bonding with the crew.<br />

We’ve got a really good crew<br />

and I can’t wait to show<br />

them the sights and be a<br />

good host – both as a<br />

Singaporean and as a <strong>Keppel</strong><br />

Ambassador.”<br />

The international crew is<br />

looking forward to a<br />

wonderful stopover, all<br />

ravenous to sample the wide<br />

array of culinary cuisines<br />

Singapore is renowned for.<br />

The colourful Clipper race<br />

fleet will recharge at <strong>Keppel</strong><br />

Bay before gunning for one<br />

of the most challenging legs<br />

to Qingdao, China on<br />

2 February <strong>2010</strong>. keppelite<br />

Flying the flag high for Singapore and <strong>Keppel</strong><br />

<strong>Keppel</strong>ite I January <strong>2010</strong>


Sustaining Growth 21<br />

Double win for<br />

<strong>Keppel</strong> Nantong<br />

Ushering in the new year<br />

on a positive note,<br />

<strong>Keppel</strong> Nantong Shipyard<br />

(<strong>Keppel</strong> Nantong) received<br />

two awards from the<br />

Nantong Municipal People’s<br />

Government.<br />

The company was ranked<br />

sixth among Nantong’s Top<br />

10 Export Enterprises for<br />

achieving an export value of<br />

US$129 million from January<br />

to November 2009.<br />

This represented a 231%<br />

increase compared to the<br />

same period in 2008.<br />

<strong>Keppel</strong> Nantong was given a<br />

cash award of RMB 769,000<br />

(approximately $157,000)<br />

from the city’s government<br />

for its contributions.<br />

It was also lauded for<br />

implementing an excellent<br />

set of safety practices and<br />

policies by the Nantong<br />

Administration of Work<br />

Safety and received a<br />

Safety Excellence Award<br />

on 14 January <strong>2010</strong>.<br />

Mr Lee Tai Kwee, President<br />

of <strong>Keppel</strong> Nantong, said,<br />

“We are greatly<br />

encouraged by the<br />

government’s recognition<br />

of our safety practices, as<br />

well as efforts in<br />

contributing to the export<br />

revenue and employment<br />

growth of Nantong. We<br />

will continue to tap<br />

opportunities and<br />

contribute more to the<br />

development of Nantong’s<br />

marine industry.” keppelite<br />

<strong>Keppel</strong>’s contributions to Nantong’s growth and safety efforts gain recognition from the<br />

Nantong Municipal People’s Government<br />

Winner of the Best Departmental Website for 2009 Award, the International Projects’ website<br />

excelled in content, knowledge management and sharing capabilities<br />

Leveraging<br />

cyberspace<br />

With the aim to enhance<br />

communication and<br />

efficiency, <strong>Keppel</strong> Land is<br />

looking into space, more<br />

precisely, cyberspace. The<br />

company recently concluded<br />

its first ever Best<br />

Departmental Website<br />

competition.<br />

Spanning two months, the<br />

competition was organised<br />

to encourage all<br />

departments to adopt and<br />

promulgate innovative usage<br />

of K2Portal, a web-based<br />

knowledge sharing platform,<br />

for their operational needs.<br />

During the awards ceremony<br />

in December, Mr Kevin Chua,<br />

Head of <strong>Keppel</strong> Land IT,<br />

shared, “While spurring on<br />

optimal usage of the<br />

portal, it is also timely to<br />

recognise the efforts of<br />

the departments that<br />

have leveraged the K2<br />

Portal to collaborate and<br />

share information for<br />

the company’s collective<br />

knowledge in the last five<br />

years.”<br />

Representing the winning<br />

department, Mr Stephen<br />

Choo, Senior GM of<br />

International Projects, said,<br />

“We created this website<br />

with the intention of making<br />

it an integral component of<br />

our project management<br />

processes and a learning<br />

platform for all our project<br />

staff.”<br />

Ms Eva Ho, Assistant<br />

GM of Group Corporate<br />

Communications, who<br />

was one of the judges,<br />

commented, “I’m very<br />

impressed with the breadth<br />

and depth of information<br />

available on the K2Portal,<br />

which will contribute<br />

effectively towards better<br />

information-sharing within<br />

<strong>Keppel</strong> Land.” keppelite<br />

<strong>Keppel</strong>ite I January <strong>2010</strong>


22 Sustaining Growth<br />

Qatar’s largest yard gears up<br />

for business<br />

The significance of the<br />

largest shiprepair yard in<br />

Qatar, Nakilat-<strong>Keppel</strong><br />

Offshore & Marine (Nakilat-<br />

<strong>Keppel</strong> O&M), received a<br />

boost when Qatar’s Deputy<br />

Prime Minister and Minister<br />

for Energy & Industry, HE<br />

Abdullah bin Hamad<br />

Al-Attiyah visited the yard<br />

on 14 January <strong>2010</strong>.<br />

Accompanied by Qatargas<br />

Chairman and CEO, Mr Faisal<br />

Al-Suwaidi and Nakilat’s MD<br />

Mr Muhammad A. Ghannam<br />

(who is also Chairman of<br />

Nakilat-<strong>Keppel</strong> O&M), he was<br />

given a brief of the yard’s<br />

facilities and progress by<br />

Nakilat’s Director, Facilities<br />

Development, Mr Stephen<br />

May and senior management<br />

from Nakilat-<strong>Keppel</strong> O&M,<br />

including its CEO, Mr Yong<br />

Chee Min from <strong>Keppel</strong><br />

Offshore & Marine (<strong>Keppel</strong><br />

O&M).<br />

With development of the yard<br />

going well, HE Abdullah bin<br />

Hamad Al-Attiyah was pleased<br />

to see many Singaporeans<br />

already working in Qatar and<br />

extended his warm welcome.<br />

As they observed the<br />

progress of the fabrication<br />

work on the dock gates and<br />

steelwork facilities, the<br />

Minister and his delegation<br />

gave positive feedback on<br />

their yard visit, having gained<br />

an insight into the work<br />

process.<br />

With progress of the 80/20<br />

joint venture shipyard<br />

between Nakilat and<br />

<strong>Keppel</strong> O&M on track, Phase<br />

One and Two of the yard is<br />

expected to commence<br />

business operations around<br />

3Q <strong>2010</strong>. Located on a<br />

43-ha site at the port of<br />

Ras Laffan, Phase One<br />

and Two of the yard’s<br />

development includes two<br />

graving docks of 350,000 dwt<br />

and 450,000 dwt.<br />

Once fully operational,<br />

Nakilat-<strong>Keppel</strong> O&M will,<br />

with the support of <strong>Keppel</strong><br />

Shipyard’s specialised LNG<br />

tanker repair teams from<br />

Singapore, handle the<br />

drydocking and repairs of<br />

LNG vessels as well as other<br />

commercial vessels in Qatar<br />

and the Middle East market.<br />

At the moment, about 1,000<br />

workers have been recruited<br />

and this will be increased as<br />

the yard’s business volume<br />

picks up. keppelite<br />

HE Abdullah bin Hamad Al-Attiyah (centre), Qatar’s Deputy Prime Minister & Minister for<br />

Energy & Industry learning about the yard’s progress from Mr Yong Chee Min (second from<br />

right), CEO, Nakilat-<strong>Keppel</strong> O&M<br />

When operational, Nakilat-<strong>Keppel</strong> O&M will operate in all sectors of the shiprepair industry and will have some 80 drydocking projects a year<br />

<strong>Keppel</strong>ite I January <strong>2010</strong>


Sustaining Growth 23<br />

People matters<br />

Planner and Deputy CEO<br />

between 2001 and 2008.<br />

Mrs Koh-Lim Wen Gin<br />

Mrs Koh-Lim Wen Gin was<br />

appointed to <strong>Keppel</strong> Land’s<br />

Board of Directors with<br />

effect from 20 January<br />

<strong>2010</strong>.<br />

Mrs Koh, 65, has played<br />

a key role in shaping<br />

Singapore’s cityscape,<br />

through her 34-year<br />

career with the Urban<br />

Redevelopment Authority<br />

(URA). She was URA’s Chief<br />

Mr Choo Chiau Beng,<br />

Chairman of <strong>Keppel</strong> Land,<br />

said, “Wen Gin’s extensive<br />

experience in urban master<br />

planning and development<br />

will lend strategic counsel<br />

and insights to further<br />

enhance <strong>Keppel</strong> Land’s<br />

expertise in building<br />

townships and other<br />

large-scale integrated<br />

projects.”<br />

Mrs Koh was involved in a<br />

variety of high quality<br />

landmark developments<br />

which have contributed to<br />

Singapore’s growth as a<br />

global city. For her<br />

achievements, Mrs Koh<br />

was presented the Public<br />

Administration Medal<br />

(Silver) in 1986, the Public<br />

Administration Medal (Gold)<br />

Mr Michael Chia<br />

in 2002 and the Meritorious<br />

Service Medal in 2009.<br />

Mr Michael Chia, Deputy<br />

Chairman of <strong>Keppel</strong><br />

Integrated Engineering (KIE),<br />

has replaced Mr Chua Chee<br />

Wui as KIE’s CEO with effect<br />

from 13 January <strong>2010</strong>.<br />

Mr Chua has left the Group<br />

to seek new personal and<br />

professional opportunities.<br />

Ms Cindy Lim<br />

Ms Cindy Lim Joo Ling,<br />

Deputy GM of Group Human<br />

Resources (GHR) has been<br />

promoted as GM of GHR<br />

with effect from 1 January<br />

<strong>2010</strong>. She will also oversee<br />

HR matters in <strong>Keppel</strong><br />

Offshore & Marine. keppelite<br />

Marine Fellow<br />

Mr Tong Chong Heong, CEO of <strong>Keppel</strong> Offshore & Marine receives the IMarEST Fellowship<br />

certificate from Admiral Nigel Guild, IMarEST President-Elect<br />

Becoming a Fellow of<br />

the Institute of Marine<br />

Engineering, Science &<br />

Technology (IMarEST) is<br />

a strong recognition of<br />

Mr Tong Chong Heong’s<br />

long-time standing and<br />

experience as a committed<br />

marine specialist.<br />

Mr Tong, CEO of <strong>Keppel</strong><br />

Offshore & Marine, is an<br />

offshore and marine industry<br />

veteran who has served the<br />

<strong>Keppel</strong> Group for more than<br />

40 years.<br />

He was presented the<br />

Fellowship certificate by<br />

Admiral Nigel Guild, IMarEST<br />

President-Elect and his wife,<br />

Professor Felicity Guild on<br />

20 January <strong>2010</strong>, during<br />

their visit to Singapore. keppelite<br />

<strong>Keppel</strong>ite I January <strong>2010</strong>


24 Sustaining Growth<br />

Missions accomplished<br />

2009 closed on a pleasing<br />

note for <strong>Keppel</strong> FELS Brasil’s<br />

BrasFELS yard which<br />

completed two jobs to the<br />

satisfaction of its customers,<br />

Noble <strong>Corporation</strong> and<br />

Diamond Offshore.<br />

Mr Kwok Kai Choong,<br />

President of <strong>Keppel</strong> FELS Brasil<br />

shared, “We are glad to have<br />

delivered the projects safely,<br />

on time and within budget,<br />

affirming our customers’<br />

confidence in our yard as the<br />

most comprehensive offshore<br />

and marine facility in Latin<br />

America.”<br />

NOBLE MISSION<br />

Noble <strong>Corporation</strong>’s<br />

Noble Dave Beard, a<br />

semisubmersible drilling rig,<br />

arrived at BrasFELS in March<br />

2009 for completion and<br />

commissioning work prior to<br />

site deployment.<br />

The work scope included<br />

completion works on<br />

the thrusters’ installation,<br />

architectural work on the<br />

accommodation and work<br />

spaces, piping, electrical,<br />

mechanical and other<br />

painting works, in addition to<br />

commissioning.<br />

BrasFELS has since further<br />

secured three repair and<br />

upgrading jobs for Noble’s<br />

Brazil-based drillships. Work<br />

will commence with the<br />

arrival of the first drillship by<br />

early 2011 and is anticipated<br />

to conclude in the second<br />

half of 2013.<br />

QUEST ACCOMPLISHED<br />

Ocean Quest from<br />

Diamond Offshore arrived<br />

at BrasFELS on 18 November<br />

2009 for structural<br />

repairs to its columns and<br />

other works including<br />

an installation of a<br />

higher capacity drillship<br />

compensator.<br />

With BrasFELS’s good project<br />

management, the repairs<br />

were completed ahead of<br />

schedule, thus enabling the<br />

rig to return to service earlier<br />

than planned.<br />

Mr John Baugus, Project<br />

Manager, Brasdril Sociedade<br />

de Perfuracao LTDA, a<br />

subsidiary of Diamond<br />

Offshore, commended,<br />

“The performance by Team<br />

BrasFELS was excellent. The<br />

entire team, from the<br />

workers on the rig all the way<br />

up to upper management,<br />

combined to meet an<br />

extremely demanding<br />

delivery schedule while<br />

maintaining a commitment<br />

to safety and quality.” keppelite<br />

Noble Dave Beard on its way to BrasFELS in March 2009 for completion works<br />

Ocean Quest returns to work earlier than scheduled as a result of BrasFELS’s strong project<br />

management<br />

<strong>Keppel</strong>ite I January <strong>2010</strong>


Sustaining Growth 25<br />

Buoyant milestone for P-56<br />

It was a majestic sight to<br />

behold as two giant<br />

‘C’-shaped blocks were<br />

simultaneously floated and<br />

undocked safely and<br />

successfully into the emerald<br />

waters of the Bay of the<br />

Kings in Angra dos Reis,<br />

Brazil, on 29 December<br />

2009.<br />

With that, <strong>Keppel</strong>’s BrasFELS<br />

yard, one of the largest<br />

and best equipped offshore<br />

and marine yards in Latin<br />

America, has achieved<br />

another important milestone<br />

on the construction of<br />

floating production<br />

platform (FPU) P-56 for<br />

Petrobras.<br />

P-56’s lower hull was built in<br />

two ‘C’ sections, which will<br />

be ‘mated’ later at sea. This<br />

innovative method was also<br />

used with great success on<br />

the preceding FPUs P-52<br />

and P-51, and has enabled<br />

Brazil to undertake the<br />

construction of large-scale<br />

national projects on home<br />

ground.<br />

BrasFELS’s technological capabilities and technical expertise are key in the joining of the two<br />

‘C’ sections of the lower hull of P-56<br />

The innovative method used<br />

to construct massive units<br />

attests to BrasFELS’s<br />

technological capabilities<br />

and engineering expertise.<br />

Coupled with its project<br />

management strength,<br />

BrasFELS is well-poised to<br />

contribute national content<br />

towards Brazil’s landmark<br />

offshore projects. keppelite<br />

Contributing to Qatar’s green vision<br />

In places with arid climactic<br />

conditions, many would<br />

consider water the new oil.<br />

Understanding the<br />

importance of sustainable<br />

water solutions to hyper-arid<br />

Qatar, <strong>Keppel</strong> Seghers, the<br />

environmental engineering<br />

arm of <strong>Keppel</strong> Integrated<br />

Engineering, sponsored the<br />

publication of a book entitled<br />

Water, Agriculture and<br />

Environment in Arid Lands<br />

(Water and Agricultural<br />

Vision for Qatar by 2020).<br />

Commissioned by the Friends<br />

of Environment Centre, a<br />

non-governmental<br />

organisation that looks into<br />

environmental management,<br />

the book examines the<br />

opportunities and challenges<br />

of water management for<br />

agriculture in Qatar.<br />

<strong>Keppel</strong> Seghers is currently<br />

building the Doha North<br />

Sewage Treatment Works<br />

(DNSTW) plant, which will<br />

be Qatar’s largest<br />

wastewater treatment, water<br />

reuse and sludge treatment<br />

facility.<br />

Speaking at the book release<br />

event on 4 January <strong>2010</strong>,<br />

Mr Vincent Wong, COO<br />

(Global Head of Engineering)<br />

of <strong>Keppel</strong> Seghers, said, “The<br />

high-quality treated water by<br />

DNSTW will be used for<br />

agriculture to ease the load<br />

on groundwater resources.”<br />

keppelite<br />

Sponsored by <strong>Keppel</strong> Seghers, the book<br />

examines the opportunities and challenges<br />

of water management for agriculture in<br />

Qatar<br />

<strong>Keppel</strong>ite I January <strong>2010</strong>


26 Sustaining Growth<br />

Union of hearts and minds<br />

<strong>Keppel</strong> Merlimau Cogen<br />

(KMC) saw a meeting of<br />

minds when it signed the<br />

first Collective Agreement<br />

with the Union of Power and<br />

Gas Employees (UPAGE) on<br />

14 January <strong>2010</strong>.<br />

Bearing witness to the<br />

significant milestone which<br />

took place in KMC on<br />

Jurong Island were <strong>Keppel</strong><br />

<strong>Corporation</strong>’s Chairman,<br />

Dr Lee Boon Yang, and CEO,<br />

Mr Choo Chiau Beng, as well<br />

as Dr Ong Tiong Guan,<br />

MD of <strong>Keppel</strong> Energy, Mr Sin<br />

Boon Ann, advisor to<br />

UPAGE and Member of<br />

Parliament for Tampines GRC<br />

and Mr Tay Seng Chye,<br />

President of UPAGE.<br />

The strong presence of<br />

<strong>Keppel</strong>‘s management at the<br />

ceremony is testament to the<br />

firm support given to the<br />

welfare of KMC employees.<br />

KMC officially became a<br />

unionised company of<br />

UPAGE in May 2008,<br />

following which negotiations<br />

for the Collective Agreement<br />

began. While the process<br />

had not been without its<br />

challenges, <strong>Keppel</strong> Energy’s<br />

management never once lost<br />

sight of the imperative of<br />

staff welfare.<br />

Mr Nicolas Lai, GM of KMC,<br />

shared, “KMC is a member<br />

of the <strong>Keppel</strong> Group, which<br />

has a long tradition of<br />

collaboration with unions of<br />

different industries to create<br />

a caring working<br />

environment for its<br />

employees.<br />

Dr Lee Boon Yang (second from right) and Mr Choo Chiau Beng (first from left), Chairman and CEO of <strong>Keppel</strong> <strong>Corporation</strong> respectively,<br />

bantering with KMC’s bargainable employees after the signing ceremony<br />

“We entered the first<br />

Collective Agreement<br />

between KMC and UPAGE in<br />

the same spirit and with the<br />

hope that it will form the<br />

foundation for a long-term<br />

win-win relationship.” keppelite<br />

Ship of knowledge<br />

The 92-year-old MV Doulos,<br />

currently used as a floating<br />

bookshop, has been<br />

berthed at <strong>Keppel</strong> Bay since<br />

27 December 2009.<br />

The historical vessel is the<br />

world’s oldest ocean-faring<br />

passenger ship and is<br />

expected to be<br />

decommissioned later this<br />

year. keppelite<br />

<strong>Keppel</strong>ite I January <strong>2010</strong>


Sustaining Growth 27<br />

Harnessing solar power<br />

Located near the equator,<br />

Singapore is well-positioned<br />

to benefit from the year<br />

round sunshine.<br />

Harnessing this abundant<br />

sunlight, <strong>Keppel</strong> Offshore &<br />

Marine Technology Centre<br />

(KOMtech) has installed two<br />

photovoltaic (PV) power<br />

plants on its rooftop to<br />

convert solar energy into<br />

electricity.<br />

Each PV power plant has an<br />

average lifespan of about<br />

25 years and can generate<br />

energy savings of 30,000<br />

kilowatt hours (kWh)<br />

annually. Combining the<br />

usage of two such plants,<br />

KOMtech can potentially<br />

save as much as 1.5 million<br />

kWh, as well as prevent<br />

carbon dioxide emissions of<br />

1,300 tonnes.<br />

With the breakthrough in<br />

low cost production of PV<br />

panels coupled with<br />

increasing cost of<br />

conventional electricity<br />

generation, using PV<br />

technology is becoming<br />

more viable. Utilising solar<br />

energy makes both<br />

environmental and business<br />

sense as such green features<br />

help KOMtech save energy<br />

and costs for the future. keppelite<br />

With the installation of PV power plants on its rooftop, KOMtech will be able to generate<br />

energy savings and minimise carbon dioxide emissions for over two decades<br />

Light years ahead<br />

M1 plans infrastructure upgrade for faster and greener network.<br />

Leading mobile operator<br />

and member of the <strong>Keppel</strong><br />

Group, MobileOne (M1) will<br />

be testing a new generation<br />

of cellular technology known<br />

as Long Term Evolution (LTE),<br />

which touts higher mobile<br />

broadband speeds and lower<br />

carbon footprint.<br />

Made possible by energy<br />

efficient technology from<br />

Nokia Siemens Networks,<br />

M1 will begin implementing<br />

the technology from<br />

February <strong>2010</strong> on a trial<br />

basis.<br />

Users can look forward to<br />

mobile broadband speeds<br />

fast enough to dispatch<br />

bandwidth-sapping high<br />

definition (HD) TV content<br />

to their mobile phones.<br />

Besides enhanced network<br />

coverage and capacity, LTE<br />

technology will also lower<br />

site power consumption<br />

significantly. M1 expects to<br />

achieve up to 35% reduction<br />

of its telecommunications<br />

networks carbon footprint by<br />

early 2011.<br />

Mr Patrick Scodeller, Chief<br />

Technical Officer of M1, said,<br />

“The trial will help pave the<br />

way for faster and better<br />

quality mobile broadband<br />

services in the future. The<br />

extensive use of Nokia<br />

Siemens Networks’ proven<br />

energy efficient equipment<br />

will ensure that we have in<br />

place a platform that is well<br />

able to meet the increasingly<br />

demanding environmental<br />

standards now and in the<br />

future.”<br />

Starting this month, the<br />

public can witness the<br />

impressive power of LTE<br />

technology at M1’s flagship<br />

store in Paragon which will<br />

be showcasing HD TV<br />

streaming and high-speed<br />

web surfing. keppelite<br />

<strong>Keppel</strong>ite I January <strong>2010</strong>


28 Empowering Lives Lives<br />

Game for more<br />

For a job well done, Mr Choo<br />

Chiau Beng, CEO of <strong>Keppel</strong><br />

<strong>Corporation</strong>, hosted an<br />

appreciation luncheon for<br />

the <strong>Keppel</strong> Scholars Alumni<br />

Association (KSAA)<br />

Committee and its <strong>Keppel</strong><br />

Games 2009 Organising<br />

Committee on 15 January<br />

<strong>2010</strong>.<br />

A flurry of suggestions,<br />

feedback and brainstorming<br />

of new ideas were<br />

fervently exchanged over<br />

lunch, joined by <strong>Keppel</strong><br />

<strong>Corporation</strong>’s senior<br />

management, Mr Teo<br />

Soon Hoe, Senior Executive<br />

Director and Group Finance<br />

Mr Choo Chiau Beng, CEO of <strong>Keppel</strong> <strong>Corporation</strong> hosts an appreciation luncheon for the Organising Committee of <strong>Keppel</strong> Games 2009<br />

Director, Ms Wang Look<br />

Fung, GM of Group<br />

<strong>Corporation</strong> Communications,<br />

Mr Chee Jin Kiong, Director<br />

of Group Human Resources<br />

(HR) and Ms Cindy Lim, GM<br />

of Group HR.<br />

The lunch ensued from<br />

Group HR’s Annual Review<br />

and Dialogue Session with<br />

KSAA on 16 December<br />

2009, where key milestones<br />

and achievements including<br />

those of <strong>Keppel</strong> Volunteers<br />

as well as its work plan for<br />

<strong>2010</strong> were reviewed.<br />

Importantly, the need to<br />

reposition KSAA so as to<br />

enlarge the outreach and<br />

involvement of young and<br />

promising leaders across<br />

the Group was also<br />

deliberated.<br />

<strong>Keppel</strong>ites can look forward<br />

to more refreshing and<br />

exciting activities in <strong>2010</strong>.<br />

keppelite<br />

A ‘belly’ good year<br />

<strong>Keppel</strong> Offshore & Marine’s<br />

yards made merry to the tune<br />

of Auld Lang Syne and<br />

welcomed the new<br />

year on 31 December with a<br />

bang.<br />

At <strong>Keppel</strong> Shipyard, a party<br />

was thrown not just to herald<br />

the new year but also to<br />

congratulate 43 employees<br />

who were recognised as<br />

outstanding employees. The<br />

Best Employee Award<br />

categories consisted of Best<br />

Supervisor, Best Worker and<br />

Best Support Staff.<br />

The party was attended by<br />

hundreds of employees with<br />

fascinating performances by<br />

various departments and<br />

groups such as the <strong>Keppel</strong><br />

Filipino Club who did a<br />

“Jingle Bell Rock” dance.<br />

Supervisor Mohd Tahir Bin<br />

Md Shah had the crowd on<br />

their feet as he serenaded the<br />

audience with two love<br />

songs by Tom Jones. With<br />

fantastic lucky draw prizes<br />

and games galore, it was a<br />

great way to usher in <strong>2010</strong>.<br />

Over at <strong>Keppel</strong> FELS, the<br />

revelry also flowed with a<br />

Brazilian-themed party<br />

organised by the Engineering<br />

department, complete with<br />

prizes for Mr and Mrs Brazil<br />

– the Best Dressed Award,<br />

Décor of the Year, Show of<br />

the Year and a lucky draw.<br />

Management and staff were<br />

also entertained by<br />

humorous skits and<br />

performances by employees,<br />

as they tucked into a<br />

sumptuous buffet. The star<br />

performance was a belly<br />

dance by the Desert Roses<br />

duo which captured<br />

everyone’s imagination.<br />

Celebrations continued with<br />

several rounds of toasting<br />

and cheering, and well<br />

wishes to new beginnings.<br />

A party of belly dancers and performances<br />

put up by employees at <strong>Keppel</strong> FELS<br />

keppelite<br />

<strong>Keppel</strong>ite I January <strong>2010</strong>


Empowering Lives 29<br />

Second home<br />

Made up of people from all<br />

walks of life, <strong>Keppel</strong> Offshore<br />

& Marine is like a second<br />

home to many of its<br />

employees, providing<br />

training, lodging and growth<br />

opportunities. <strong>Keppel</strong>ite<br />

takes a look at two<br />

employees who have formed<br />

deep ties at the workplace.<br />

TAKING THE SAFE PATH<br />

As an industry leader, <strong>Keppel</strong><br />

Shipyard’s concerted efforts<br />

to ensure a secure work<br />

environment has resulted in<br />

numerous safety and training<br />

initiatives.<br />

All geared up for safety, Farid is keen to use<br />

his knowledge and skills to ensure a<br />

conducive working environment at <strong>Keppel</strong><br />

Shipyard (Photo courtesy of Workplace<br />

Safety and Health Council)<br />

Part of its comprehensive<br />

safety training programmes<br />

in collaboration with<br />

Singapore’s Workplace<br />

Safety and Health Council<br />

(WSHC), includes getting<br />

workers to undergo the<br />

Professionals Conversion<br />

Programme (PCP) for<br />

Workplace Safety and Health<br />

(WSH) officers.<br />

One such participant was<br />

Mohammad Farid Bin Jaafar,<br />

a former technical support<br />

officer. When he was<br />

considering a career switch,<br />

he did not expect to be<br />

working in a shipyard, much<br />

less as a safety officer. Since<br />

undergoing the PCP course,<br />

he is now an Assistant Safety<br />

Officer at <strong>Keppel</strong> Shipyard.<br />

He said, “Previously, I had not<br />

considered how complex<br />

safety could be but here in<br />

the marine industry, the set<br />

of safety regulations are so<br />

comprehensive that it is a<br />

specialised knowledge.”<br />

Having attended the<br />

Specialist Diploma in WSH at<br />

Ngee Ann Polytechnic, Farid<br />

is not only competent in<br />

marine safety but is also<br />

confident about advising<br />

companies on safety hazards<br />

as he has the necessary skills<br />

to handle safety procedures.<br />

Farid has been able to apply<br />

his skills at <strong>Keppel</strong> Shipyard<br />

and encouraged good safety<br />

habits amongst his peers.<br />

For Aminul, <strong>Keppel</strong> Singmarine is akin to a second home where his colleagues and him have<br />

formed close bonds<br />

Elaborating that training is<br />

only one part in ensuring a<br />

safe yard, he shared, “An<br />

effective safety officer needs<br />

to assess the situation on the<br />

ground and consider a<br />

variety of mindsets when<br />

dealing with a multi-cultural<br />

workforce. Safety is a journey<br />

and I am glad to have taken<br />

this path.”<br />

HOME IS WHERE THE<br />

HEART IS<br />

Mohammed Aminul Islam of<br />

<strong>Keppel</strong> Singmarine has been<br />

a migrant worker in<br />

Singapore for 12 years. He<br />

started out as a Mechanical<br />

Fitter and has since risen to<br />

the rank of a Technician<br />

Officer.<br />

Appreciative of the support<br />

he has received from the<br />

<strong>Keppel</strong> community, Aminul<br />

said, “<strong>Keppel</strong> Singmarine is<br />

like a second home to me.<br />

The company takes my<br />

welfare into account and my<br />

colleagues and I have form<br />

close ties.”<br />

A father of two, Aminul<br />

sometimes misses his<br />

family back in Bangladesh.<br />

Nevertheless, he is glad to<br />

have the chance of working<br />

in Singapore and providing<br />

his family with a comfortable<br />

living.<br />

Motivated and enthusiastic<br />

about his work, Aminul<br />

firmly believes that he can<br />

achieve more and is<br />

delighted with the<br />

opportunities <strong>Keppel</strong> has<br />

given him. He shared that<br />

work has developed him in<br />

all areas of his life and has<br />

given him the confidence<br />

to execute projects well.<br />

keppelite<br />

<strong>Keppel</strong>ite I January <strong>2010</strong>


30 Empowering Lives<br />

<strong>Keppel</strong>ites Abroad<br />

Navigating Nantong<br />

<strong>Keppel</strong> Scholar Li Gang spends quality time with his wife during their holiday in Spain in 2008<br />

Some 18 years ago, <strong>Keppel</strong><br />

Scholar Li Gang arrived on<br />

the shores of Singapore and<br />

eventually settled down to<br />

call the Lion City his home.<br />

He became a Singapore<br />

Permanent Resident in 1997<br />

but had no qualms when he<br />

was asked to return to his<br />

homeland to help set up a<br />

yard in 2004.<br />

Together with a team from<br />

<strong>Keppel</strong>, they combed<br />

through the vast China<br />

landscape extending from<br />

the country’s Pearl River Delta<br />

to Northern Dalian before<br />

finally zeroing in on a site<br />

with neighbouring marine<br />

supporting industries along<br />

Chang Jiang River in the<br />

municipality of Nantong,<br />

110 km northwest of<br />

Shanghai.<br />

It was a journey which<br />

eventually led to <strong>Keppel</strong><br />

Offshore & Marine sealing an<br />

agreement with Nantong<br />

Zhonghe Holding Company<br />

in May 2005. Not long after,<br />

<strong>Keppel</strong> Nantong Shipyard<br />

(<strong>Keppel</strong> Nantong) was born<br />

and Li Gang became the VP<br />

of <strong>Keppel</strong> Nantong.<br />

On relocating to Nantong,<br />

Li Gang recounted, “I still<br />

remember the joyful<br />

moment in late December<br />

2004 when we were<br />

informed that our Nantong<br />

yard project was approved by<br />

the government. We had<br />

been facing stiff competition<br />

from a major Chinese<br />

shipyard, which made a bid<br />

for the same yard and<br />

hence it was a good<br />

Christmas gift for us.”<br />

He shared that his team’s<br />

perseverance in establishing<br />

good partnerships and<br />

networks in China has<br />

helped deepened ties with<br />

the local Nantong municipal<br />

government and its<br />

agencies.<br />

“It is heartening to see how<br />

the Nantong yard has grown<br />

over the years from a team<br />

of five to the current 1,000<br />

workforce strength. From the<br />

acquisition to the yard<br />

development, we are happy<br />

that our efforts have paid off<br />

with positive results achieved<br />

today.”<br />

In terms of the working<br />

culture, he quipped, “As a<br />

native born Chinese, I have<br />

had little difficulty adjusting<br />

to the working lifestyle and<br />

understanding the needs of<br />

the locals. At the same time,<br />

as I have studied and worked<br />

in Singapore for 12 years,<br />

I am able to act as a liaison<br />

between Singaporeans and<br />

Chinese.”<br />

With his Singaporean wife<br />

staying on back home, the<br />

36 year-old shuttles to<br />

Singapore to spend quality<br />

time with her.<br />

He said, “It’s not easy for us<br />

to maintain the long distance<br />

relationship over the past five<br />

years and I am thankful to<br />

have an understanding<br />

and supportive wife. She<br />

understands that I enjoy my<br />

work and will be able to<br />

contribute more to the<br />

<strong>Keppel</strong> Group by being<br />

based in China.”<br />

Li Gang believes that<br />

adopting the Can Do! spirit<br />

and strong work ethics in<br />

<strong>Keppel</strong> will enable one to<br />

achieve their ambitions and<br />

dreams. keppelite<br />

<strong>Keppel</strong>ite I January <strong>2010</strong>


Empowering Lives 31<br />

Soaring on a <strong>Keppel</strong> scholarship<br />

On the cusp of graduation this year, Chan Suan Sim recounts her journey since<br />

taking up a <strong>Keppel</strong> Scholarship and shares her anticipation with <strong>Keppel</strong>ite<br />

on becoming a fully-integrated member of the <strong>Keppel</strong> family.<br />

“When I made the decision<br />

to take up the <strong>Keppel</strong><br />

Scholarship four years ago, I<br />

had no idea how quickly I<br />

would be assimilated into the<br />

vibrant culture of the<br />

company even before I<br />

would join the workforce<br />

proper.<br />

As a conglomerate, <strong>Keppel</strong><br />

was my natural choice as it<br />

offers a broad range of<br />

learning opportunities across<br />

its three core businesses. The<br />

prospect of joining a multinational<br />

company with such<br />

diversity was both fascinating<br />

and daunting to me.<br />

This early impression proved<br />

to be accurate and my<br />

interest in the Group<br />

deepened during my<br />

internships at <strong>Keppel</strong><br />

<strong>Corporation</strong>, <strong>Keppel</strong> Land<br />

and <strong>Keppel</strong> Integrated<br />

Engineering in the past three<br />

years.<br />

The internships have exposed<br />

me to the various businesses<br />

and services that <strong>Keppel</strong><br />

offers from rigbuilding,<br />

environmental engineering<br />

to property development.<br />

These stints have<br />

been valuable learning<br />

opportunities, stretching my<br />

abilities, as well as instilling<br />

in me a sense of pride as a<br />

<strong>Keppel</strong>ite.<br />

<strong>Keppel</strong> is committed to<br />

groom talents and they<br />

believe in starting early. As<br />

a studying scholar, I have<br />

been invited to various<br />

company events such as<br />

the Grow Beyond series<br />

and continue to receive<br />

<strong>Keppel</strong>ite regularly, which<br />

helps me keep abreast<br />

of new developments.<br />

Participating in Group<br />

events has also given me the<br />

chance to forge a strong<br />

network of ties with other<br />

<strong>Keppel</strong> scholars and<br />

employees.<br />

Further to the invaluable<br />

exposure to a different<br />

working culture, I realised<br />

that <strong>Keppel</strong>ites, be it in<br />

Singapore or abroad, local or<br />

foreign, share the same<br />

passion and values in<br />

whatever we do.<br />

Taking up the <strong>Keppel</strong><br />

Scholarship has opened<br />

doors to many places –<br />

places that have helped<br />

expand my horizons and<br />

promote self-discovery.<br />

Even with all these<br />

experiences I have enjoyed,<br />

they are but just the tip of<br />

the iceberg. I look forward to<br />

starting on my first full-time<br />

stint upon graduation and<br />

develop my potential as a<br />

<strong>Keppel</strong>ite of mettle.” keppelite<br />

Taking up the <strong>Keppel</strong> Scholarship<br />

has opened doors to many places<br />

– places that have helped expand<br />

my horizons and promote<br />

self-discovery.<br />

Bringing warm greetings from Singapore, Suan Sim meets Mr Cheung Tak On, VP of <strong>Keppel</strong><br />

Offshore & Marine (USA) (left) and Mr Eric H Namtvedt, President of FloaTEC, LLC in the US<br />

<strong>Keppel</strong>ite I January <strong>2010</strong>


32 Empowering Lives<br />

Pillars of support<br />

When Mohammad Abul<br />

Kalam Azad came to<br />

Singapore and joined<br />

<strong>Keppel</strong> FELS, he was full of<br />

hope and aspirations for<br />

his career. Recognising his<br />

hard work and efforts, the<br />

company granted hima<br />

sponsorship to further his<br />

education in 2004.<br />

Grateful for the faith the<br />

company had in him, he was<br />

determined to make the<br />

most of this opportunity to<br />

upgrade himself.<br />

However, it was during this<br />

period when Kalam was<br />

pursuing a Diploma in<br />

Mechanical Engineering<br />

that he experienced some<br />

of the most challenging<br />

moments of his life.<br />

In one of his semesters, his<br />

mother passed away and his<br />

wife had their first child.<br />

Struggling with a conflict of<br />

emotions, work and family<br />

commitments, his academic<br />

commitments had to take a<br />

backseat.<br />

As a foreigner, he did not<br />

have a network of relatives<br />

he could reach out for<br />

support and assistance. As a<br />

result, he was not able to<br />

perform in school and even<br />

failed two modules, which<br />

caused him to be barred<br />

from school.<br />

Mohammad Abul Kalam Azad drew strength from the support he received from his wife and colleagues to overcome challenges<br />

Alerted to Kalam’s plight, the<br />

Group Training Department<br />

of <strong>Keppel</strong> Offshore & Marine<br />

quickly stepped in to<br />

persuade the school’s<br />

administrators to review<br />

Kalam’s circumstances and<br />

provide him with a second<br />

chance. Meanwhile, his<br />

peers at work helped to<br />

alleviate his work load during<br />

the crucial examination<br />

periods, so that he could<br />

better concentrate on his<br />

studies.<br />

Kalam was able to draw his<br />

strength and inspiration<br />

from the support he<br />

received from his wife and<br />

colleagues. With their<br />

encouragement, he<br />

persevered and eventually<br />

completed his academic<br />

pursuit successfully.<br />

Starting out his career as a<br />

Mechanical Fitter with<br />

<strong>Keppel</strong> FELS, he is now an<br />

Assistant Mechanical and<br />

System Manager.<br />

Reflecting on the tough fiveyear<br />

period that it took to<br />

acquire his Diploma in<br />

Mechanical Engineering,<br />

Kalam said, “I am very<br />

thankful to have had my<br />

wife and colleagues to lean<br />

on in my time of need.<br />

Without their support, it<br />

would have been much<br />

harder for me to deal with<br />

the loss of my mother, cope<br />

with multiple commitments<br />

and overcome academic<br />

setbacks.” keppelite<br />

<strong>Keppel</strong>ite I January <strong>2010</strong>


Nurturing Communities 33<br />

Seeding high standards of<br />

accountability<br />

From supporting the arts,<br />

protecting the environment,<br />

championing safety to<br />

leading best practices in<br />

governance, the <strong>Keppel</strong><br />

Group has constantly strived<br />

to contribute to communities<br />

where it operates.<br />

In an effort to consolidate its<br />

corporate social responsibility<br />

initiatives (CSR), <strong>Keppel</strong> has<br />

formed a cross-business unit<br />

committee, comprising key<br />

management from across<br />

the Group, to provide<br />

strategic direction and guide<br />

its efforts.<br />

oversee efforts to develop<br />

processes and products that<br />

minimise impact to the<br />

environment and ensure<br />

that our operations and<br />

products meet national or<br />

international standards in the<br />

areas of environmental<br />

protection, labour relations,<br />

health and safety.<br />

The Group CSR Steering<br />

Committee will also ensure<br />

coherence and consistency<br />

in <strong>Keppel</strong>’s efforts to be<br />

a socially responsible<br />

company internationally, as<br />

well as in local communities.<br />

<strong>Keppel</strong> Group Corporate<br />

Communications. At the<br />

Group level, the working<br />

committee will identify,<br />

initiate measures and<br />

manage pertinent CSR<br />

aspects, track and report<br />

CSR performance and<br />

recommend and implement<br />

strategies to achieve<br />

collective goals. keppelite<br />

Chaired by Mr Choo<br />

Chiau Beng, CEO of <strong>Keppel</strong><br />

<strong>Corporation</strong>, the Group CSR<br />

Steering Committee will<br />

Supporting them is the<br />

Group CSR Working<br />

Committee, chaired by<br />

Ms Wang Look Fung, GM of<br />

<strong>Keppel</strong> Group strives to contribute back to communities wherever it operates<br />

Visions of Pandora<br />

Spreading the green message amongst<br />

employees and their families with<br />

3D-screening of hit movie, Avatar<br />

The importance of responsible<br />

urban development for<br />

sustainable living was a key<br />

theme in the box office hit<br />

movie ‘Avatar’.<br />

<strong>Keppel</strong> Land sponsored<br />

the movie screening for<br />

employees on 8 January<br />

<strong>2010</strong> with the aim of<br />

reinforcing the Copenhagen<br />

Climate Change Summit’s<br />

message on sustainability.<br />

The event received an<br />

overwhelming response with<br />

close to 250 tickets snapped<br />

up.<br />

The moviegoers experienced<br />

the beauty and power of<br />

Mother Nature through<br />

3D lenses, as they were<br />

transported into the pristine<br />

world of Pandora, a mythical<br />

forest faced with the threat<br />

of deforestation.<br />

Striking a chord with its<br />

audience, Ms Syndee Yap,<br />

Finance Manager at <strong>Keppel</strong><br />

Land, said, “The movie<br />

has enabled more people<br />

to be exposed to the<br />

important message of<br />

conserving the environment<br />

and represents <strong>Keppel</strong> Land’s<br />

efforts to continually spread<br />

the green message to<br />

employees and associates.”<br />

keppelite<br />

<strong>Keppel</strong>ite I January <strong>2010</strong>


34 Nurturing Communities<br />

Lending a helping hand<br />

The Ilha Grande Island of<br />

Angra dos Reis, Brazil,<br />

suffered a landslide on<br />

1 January <strong>2010</strong> destroying<br />

some houses and a<br />

hotel. <strong>Keppel</strong> FELS Brasil<br />

immediately mobilised a<br />

workboat and barge to assist<br />

in the transfer of equipment<br />

to the island to facilitate<br />

the search and rescue<br />

operations.<br />

As the aftermath of the<br />

landslide gradually worsened<br />

with continuous heavy rain,<br />

Mr Kwok Kai Choong,<br />

President and CEO of <strong>Keppel</strong><br />

FELS Brasil, led 80 <strong>Keppel</strong>ites<br />

in providing relief to the<br />

victims of landslides on<br />

9 January <strong>2010</strong>.<br />

<strong>Keppel</strong>ites gave of their time and energy to provide relief to victims of the landslide in Angra dos Reis, Brazil<br />

Working tirelessly with the<br />

authorities, the employees<br />

had taken the initiative to<br />

lend their time and efforts.<br />

Mr Kwok said, “We are<br />

working in partnership with<br />

the City Hall. They have<br />

informed us of the biggest<br />

necessities needed and<br />

together, we will help in the<br />

recuperation of the city.”<br />

The <strong>Keppel</strong>ites donated basic<br />

necessities as well as helped<br />

in the distribution of the<br />

relief supplies. In addition,<br />

<strong>Keppel</strong> is refurbishing four<br />

buildings in Jacuecanga to<br />

accommodate 140 families<br />

displaced by the landslides.<br />

In an appreciation letter<br />

to Mr Kwok, Artur and<br />

Alessandra Jordão, Mayor<br />

and First Lady of Angra<br />

dos Reis respectively, wrote,<br />

“We are at a lost for words<br />

to express our gratitude<br />

during this period when we<br />

are working together to<br />

support our city. Rare are<br />

people like you, toiling<br />

side by side with the<br />

workforce, unloading<br />

donations, together with<br />

your marvelous team who<br />

have spared no effort to<br />

help us day today.” keppelite<br />

Mr Artur Jordão (left), Mayor of Angra dos Reis, thanks Mr Kwok Kai Choong (centre),<br />

President and CEO of <strong>Keppel</strong> FELS Brasil, for supporting relief efforts<br />

<strong>Keppel</strong>ite I January <strong>2010</strong>


Colouring life<br />

Nurturing Communities 35<br />

volunteers<br />

<strong>Keppel</strong><br />

<strong>Keppel</strong> Volunteers made a<br />

splash with graffiti on some<br />

building walls on 23 January<br />

<strong>2010</strong>. Letting their creative<br />

juices flow, they painted<br />

Block 49 of Stirling Road with<br />

much zest. It was not a<br />

vendetta against the<br />

residents there, nor had they<br />

decided to break the law.<br />

Instead, it was a project<br />

with SG Cares, another<br />

home-grown volunteer<br />

organisation, on a muralpainting<br />

spree at a Housing<br />

Development Board (HDB)<br />

estate in the Queenstown<br />

district.<br />

Aptly named Heritage Mural<br />

Painting, this activity was<br />

the brainchild of Social<br />

Creatives Limited, a company<br />

developed with the intention<br />

of integrating creativity<br />

among communities, thus<br />

working towards making<br />

Singapore a more caring<br />

society – beautiful on the<br />

inside, as well as out.<br />

Their previous projects<br />

include painted dustbins<br />

along Orchard Road in 2008<br />

and in stations along the<br />

North-East Line of the Mass<br />

Rapid Transit system.<br />

Armed with nothing but<br />

paint brushes in their hands<br />

and a determination to<br />

leave a piece of history for<br />

future generations to<br />

appreciate, a group of<br />

excited <strong>Keppel</strong>ites teamed<br />

up with their SG Cares<br />

counterparts to cover the<br />

HDB walls with their<br />

interpretation of the theme,<br />

‘Curls of Life’.<br />

Revolving around the myth<br />

of Medusa, which has been<br />

typically represented by a<br />

female Greek goddess with<br />

a head of snakes for hair, the<br />

volunteers transformed her<br />

into a Siren.<br />

In their graphic illustration,<br />

her hair is painted in a<br />

myriad of colours to<br />

represent the multi-racial<br />

society of Singapore –<br />

connected yet flowing freely<br />

as one.<br />

The collaboration with<br />

SG Cares to embark on<br />

volunteer projects is the first<br />

of many. Through this<br />

partnership, <strong>Keppel</strong>ites can<br />

participate in many more of<br />

such meaningful projects on<br />

a selective basis. keppelite<br />

Painting for the future – <strong>Keppel</strong>ites add colour to the Queenstown district<br />

<strong>Keppel</strong> Volunteer Evelyn Liew contributing her time and creative talents during the Heritage<br />

Mural Painting activity<br />

<strong>Keppel</strong>ite I January <strong>2010</strong>


36<br />

BackPage<br />

<strong>Keppel</strong> expands property portfolio<br />

<strong>Keppel</strong> Land has acquired<br />

a 30.3-ha site for<br />

RMB 884 million ($180<br />

million) in Shenyang, the<br />

gateway to Northeastern<br />

China. The site will be<br />

developed into a residential<br />

township comprising about<br />

6,000 waterfront apartments<br />

and will increase the<br />

company’s portfolio in<br />

China to more than 30,000<br />

homes.<br />

Commanding a 900m<br />

frontage along the 400m<br />

wide Hun River, the new<br />

waterfront site is located in<br />

the Hunnan New District<br />

outside the Second Ring Road<br />

and a 20-minute drive from<br />

the city centre. It is also a<br />

25-minute drive to<br />

the Shenyang Taoxian<br />

International Airport, the<br />

largest capacity and busiest<br />

airport in Northeastern<br />

China.<br />

Mr Ang Wee Gee, ED and<br />

CEO (International) of <strong>Keppel</strong><br />

Land, said, “Shenyang’s<br />

economy has continued to<br />

grow strongly and the<br />

outlook for its property<br />

market is promising.<br />

“Choice waterfront sites are<br />

few and select in Shenyang.<br />

With its connectivity and<br />

proximity to the Central<br />

Business District, we are<br />

confident that <strong>Keppel</strong>’s new<br />

site will be a coveted<br />

residential address.”<br />

Targeted at the upper-middle<br />

market, the initial phase of<br />

1,200 high quality apartments<br />

is expected to be launched<br />

progressively, starting from the<br />

second half of 2011.<br />

Shenyang, the capital city of<br />

Liaoning Province, plays a<br />

crucial role as the economic,<br />

industrial, commerce and<br />

transportation centre<br />

in Northeastern China.<br />

Strategically located within<br />

the Bohai Economic Rim,<br />

Shenyang’s strong economic<br />

performance and rapid<br />

urbanisation have led to<br />

increased and sustained<br />

demand for more homes.<br />

The waterfront project is<br />

<strong>Keppel</strong> Land’s second<br />

township in Shenyang, the<br />

first being a 34-ha integrated<br />

township development in<br />

Shenbei New District. keppelite<br />

<strong>Keppel</strong> Land’s second township in Shenyang will provide 6,000 waterfront homes<br />

Printed on recycled paper<br />

<strong>Keppel</strong>ite I January <strong>2010</strong>

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