january 2010 - Keppel Corporation
january 2010 - Keppel Corporation
january 2010 - Keppel Corporation
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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>