dolphin jul-aug09.pdf - Jurong Shipyard Pte Ltd
dolphin jul-aug09.pdf - Jurong Shipyard Pte Ltd
dolphin jul-aug09.pdf - Jurong Shipyard Pte Ltd
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Jul - Aug 2009<br />
Coming Together<br />
with the Nation<br />
SeaDragon<br />
Orders Second<br />
Rig Unit<br />
MODEC Awards<br />
FPSO Conversion<br />
Contract<br />
Delivery of Muda<br />
Production Platform
YARD NEWS<br />
Second Rig Order from SeaDragon<br />
<strong>Jurong</strong> <strong>Shipyard</strong>, a wholly-owned subsidiary of Sembcorp Marine, has<br />
secured a second SeaDragon rig order in July 2009 to complete and deliver<br />
a Moss Maritime Full Dynamically Positioned (DP-3) Semi-submersible<br />
Drilling Unit.<br />
The 6-column bare-deck hull, built in a Russian<br />
yard, arrived at <strong>Jurong</strong> <strong>Shipyard</strong> in early June<br />
2009. Following its arrival, <strong>Jurong</strong> <strong>Shipyard</strong><br />
will proceed with the construction, outfi tting,<br />
furnishing, equipping, testing and completion<br />
of the bare-deck hull into an ultra-deepwater<br />
Mr Don Lee, <strong>Jurong</strong> <strong>Shipyard</strong>’s Senior General<br />
Manager of Offshore, together with Mr George<br />
Sutherland, Technical Director of SeaDragon<br />
<strong>Ltd</strong>, during the contract signing of the second<br />
SeaDragon rig order.<br />
semi-submersible drilling rig. The second unit is<br />
scheduled for delivery by end June 2011. The<br />
shipyard’s contract value for the second unit is<br />
US$237.3 million, excluding equipment supplied<br />
by the owner.<br />
This new rig will be built for a water depth rating<br />
of 10,000 feet and maximum drilling depth of<br />
30,000 ft. The rig’s ability to operate even in harsh<br />
environment gives it the multi-region fl exibility to<br />
operate worldwide as compared to its peers.<br />
Mr George Sutherland, Technical Director of<br />
SeaDragon <strong>Ltd</strong>, said: “We are delighted to be<br />
working with the world-class team at <strong>Jurong</strong> on<br />
this second project, which we are confi dent will<br />
result in a fi rst-class asset for charter in 2011.”<br />
Mr Don Lee, <strong>Jurong</strong> <strong>Shipyard</strong>’s Senior General<br />
Manager of Offshore Division, said: “We thank<br />
SeaDragon again for their trust and commitment<br />
in working with <strong>Jurong</strong> to realise this option after<br />
the fi rst contract was signed in April 2009. These<br />
The second SeaDragon bare-deck hull on arrival at<br />
<strong>Jurong</strong> <strong>Shipyard</strong>.<br />
two state-of-the-art semi-submersible rigs will<br />
complement the range of semi-submersibles<br />
that <strong>Jurong</strong> is building and demonstrates our<br />
versatility in undertaking projects with diverse<br />
complexities. We now have two fi rst of its class<br />
semi-submersible rigs to be delivered.”<br />
“We are pleased that, despite the current<br />
challenges due to the economic downturn and<br />
the credit crunch, our order book continues<br />
to strengthen. This rig order is testimony of<br />
the confi dence that our clients, partners and<br />
vendors have in the deepwater market and in<br />
particular <strong>Jurong</strong>’s proven track record and<br />
project execution capabilities. We are committed<br />
to deliver on our promise and to build on this<br />
foundation for many years to come.”<br />
Heavy-lift Jack-up Rig Launch<br />
The successful launching of a heavy-lift jack-up barge built by <strong>Jurong</strong> <strong>Shipyard</strong> for Aramco Overseas Company B.V.<br />
was celebrated on August 18, 2009 in a ceremony attended by key representatives from both companies.<br />
To be named ARB-3, the self-elevating heavy-lift, subsea pipe line repair<br />
and maintenance support unit is designed for operations in water depths<br />
between 5 to 60 meters in the Arabian Gulf.<br />
Heavy-lift jack-up barge successfully launched.<br />
Key representatives from <strong>Jurong</strong> <strong>Shipyard</strong> and Aramco commemorating the<br />
occasion.<br />
02<br />
Jul - Aug 2009
FPSO Conversion Contract from MODEC<br />
YARD NEWS<br />
<strong>Jurong</strong> <strong>Shipyard</strong> has secured an approximately S$160 million contract in August 2009 to convert the Very Large<br />
Crude Carrier (VLCC) tanker, the Ohdoh (ex Tohdoh), to a Floating Production Storage and Offloading (FPSO) vessel<br />
to be renamed “FPSO Kwame Nkrumah MV21” for MODEC Offshore Production Systems (Singapore) <strong>Pte</strong> <strong>Ltd</strong>.<br />
The conversion contract involves the conversion of the oil tanker to an<br />
FPSO that includes detailed engineering, installation and integration<br />
of 18 topside modules, installation of external turret and power<br />
generation, accommodation upgrading as well as extensive piping and<br />
electrical cabling works.<br />
Due for delivery in 1Q 2010, the “FPSO Kwame Nkrumah MV21”<br />
will be installed as part of the Tullow Ghana <strong>Ltd</strong> Phase 1 development<br />
plan in approximately 1,100 meters water depth on the Jubilee Field<br />
offshore Ghana, one of the largest oil fi elds discovered offshore West<br />
Africa in the past 10 years. The “FPSO Kwame Nkrumah MV 21” will<br />
be capable of processing more than 120,000 barrels of oil per day and<br />
160 mmscfd of production gas, injecting more than 230,000 barrels<br />
of water per day, and storing 1.6 million barrels of oil. The FPSO is<br />
designed to remain on the fi eld for up to 20 years without drydocking.<br />
MODEC is a general contractor specialising in engineering,<br />
procurement, construction and installation of fl oating production<br />
systems including Floating Production Storage and Offl oading (FPSO)<br />
Ohdoh (ex Tohdoh), a VLCC measuring 330m x 59m x 30m, on arrival at <strong>Jurong</strong><br />
<strong>Shipyard</strong> for conversion to FPSO Kwame Nkrumah MV21.<br />
vessels, Floating Storage and Offl oading (FSO) vessels, Tension Leg<br />
Platforms (TLPs), Production Semisubmersibles, Mobile Offshore<br />
Production Units (MOPUs) and other new technologies which will<br />
meet the challenges of various types of gas production fl oaters.<br />
MODEC also provides Floating Production System operation and<br />
maintenance services around the world.<br />
Gemini Voyager revisits <strong>Jurong</strong><br />
Hands in the air: The sign of success.<br />
<strong>Jurong</strong> <strong>Shipyard</strong> achieved yet another incident-free record for the repair and<br />
maintenance works carried out on the 310,138 dwt tanker Gemini Voyager<br />
when she made a routine visit in late July 2009.<br />
Owned by the yard’s alliance partner Chevron Shipping Company LLC, the activities carried<br />
out onboard the 333.00m x 58.00m x 31.25m vessel during the stopover included the<br />
installation of the incinerator, and oily water separator, hydro-blasting jobs for the fore peak<br />
tank, water ballast tanks, deck fi re and foam lines, and painting works.<br />
The tanker last visited the yard for drydocking repairs and modifi cations in September 2007.<br />
Gemini Voyager after her repairs.<br />
Jul - Aug 2009<br />
03
YARD NEWS<br />
Debut Visit by Elbtank Germany<br />
Elbtank Germany, a decade-old product chemical tanker owned by Germany’s Seaarland Shipping Management<br />
(Hamburg) GmbH & Co. KG, made its debut appearance in <strong>Jurong</strong> <strong>Shipyard</strong> between July and August 2009 to<br />
undergo a series of maintenance jobs.<br />
Among the critical jobs performed on the 35,407 dwt tanker which<br />
measures 184.60m x 27.43m x 17.00m comprise hull and water ballast<br />
tanks steel work renewal, anchor chain renewal and cylinder liner over-haul.<br />
After installing an underwater discharge line and hydraulic tubing, the<br />
team performed hull blasting and applied a new coat of paint on the<br />
vessel to conclude the job.<br />
A positive start to a successful collaboration.<br />
Makeover for Maritsa<br />
Maritsa, a 75,932 dwt bulk carrier<br />
belonging to Safety Management<br />
Overseas S.A, received the thumbsup<br />
to sail in early July 2009 after<br />
undergoing a series of rejuvenating<br />
repair treatments in <strong>Jurong</strong> <strong>Shipyard</strong>.<br />
The four-year-old Greek vessel, measuring<br />
225.00m x 32.30m x 19.30m, arrived in<br />
late June for repairs to ensure its continued<br />
seaworthiness and performance. Highlights<br />
of the operation included the overhaul of<br />
lifeboats, auxiliary oil fi red boiler mountings<br />
and sea valves, renewal of sea chest and hull<br />
anodes, stern tube seals and windlass brake<br />
lining, routine cleaning works, as well as hull<br />
blasting and painting.<br />
Greek beauty Maritsa brightly painted and ready to depart.<br />
04<br />
Jul - Aug 2009
YARD YARD NEWS NEWS<br />
Quick Fix for APL Spain<br />
The 76,009 dwt Japanese container vessel APL<br />
Spain set sail in early July following an urgent twoday<br />
stopover at <strong>Jurong</strong> <strong>Shipyard</strong>.<br />
Measuring 280.54m x 40.10m x 24.00m, the vessel, which is owned<br />
by Nissen Kaiun Co. <strong>Ltd</strong>, docked in the yard for stern tube seal rings<br />
renewal to ensure that the ship is in tip-top condition.<br />
Urgent repairs done for APL Spain.<br />
Capricorn Ace Shines Again<br />
Excel Marine Co. <strong>Ltd</strong>’s decadeold<br />
vehicle carrier Capricorn Ace<br />
regained her shine once again after<br />
completing repair and maintenance<br />
works at <strong>Jurong</strong> <strong>Shipyard</strong> in mid-<br />
August.<br />
The 5,707 dwt vessel which measures 129.93m<br />
x 22.30m x 20.98m last visited the yard in<br />
2007. For this latest round of repairs, the<br />
ship underwent a list of major jobs, including<br />
internal blasting and painting, withdrawal of the<br />
tailshaft, removal of mushroom ventilators and<br />
overhauling of the main engine’s turbocharger.<br />
In addition, the yard performed propeller<br />
polishing, rudder clearance, sea valves overhaul<br />
as well as hull cleaning and painting during her<br />
visit.<br />
Capricorn Ace by the quayside.<br />
Jul - Aug 2009<br />
05
FEATURE<br />
NDP 2009: Coming Together in Celebration<br />
To reaffirm its strong support and<br />
steadfast commitment to the nation,<br />
Sembcorp Marine continued its tradition<br />
of honouring Singapore’s independence<br />
by sponsoring this year’s National<br />
Day Parade (NDP) festivities and<br />
participating in the Parade & Ceremony<br />
marching segment.<br />
Held for the third time on the Marina Bay<br />
integrated fl oating platform built by Sembcorp<br />
Marine in 2007, the NDP 2009 celebrations<br />
on August 9 witnessed employees from the<br />
Group’s yards <strong>Jurong</strong> <strong>Shipyard</strong>, Sembawang<br />
<strong>Shipyard</strong>, PPL <strong>Shipyard</strong>, SMOE and <strong>Jurong</strong><br />
SML joining the nation in celebration.<br />
Marching past Singapore’s iconic landmarks.<br />
Mr WS Wong, Sembcorp Marine's President &<br />
CEO, showing his support.<br />
Celebrating with Singapore.<br />
Marching with Pride & Honour<br />
Months of training and rehearsals by the participants since early April culminated in an impressive<br />
performance marked by synchronized footwork and well-coordinated movements.<br />
Looking smart in their blue uniforms and fl ags fl ying high, members of Sembcorp Marine’s 81-<br />
member contingent did themselves and the Group proud by making a grand entrance as they sang<br />
the marching song ‘We Are One’ with pride and gusto. This year, the contingent took part in a 3.2<br />
km city march-past where participants had the opportunity to share their moment of pride with<br />
spectators beyond the parade grounds.<br />
True to the spirit of national day and the theme “Come Together”, the NDP 2009 journey saw<br />
the strengthening of ties and the forging of many new friendships amongst members within the<br />
Sembcorp Marine contingent.<br />
The Sembcorp Marine contingent takes its place among the nation's best.<br />
06<br />
Jul - Aug 2009
FEATURE Feature<br />
Together we made it happen! Sembcorp Marine’s marching contingent with senior management and trainers.<br />
Learning from the professionals.<br />
Having some fun during practice.<br />
Four months of hard work to perfection.<br />
A Tribute of Appreciation<br />
As a tribute to those who have made Sembcorp<br />
Marine’s NDP 2009 participation a major success, a<br />
well-deserved appreciation dinner was organised at<br />
The Carousel, Royal Plaza on Scotts on August 13 to<br />
thank participants for their invaluable contributions.<br />
Among those in attendance were key MINDEF offi cials<br />
A big thank you to the MINDEF<br />
trainers.<br />
from the Parade & Ceremony Committee as well as<br />
senior management representatives from Sembcorp Marine and its shipyards.<br />
During the event, participants each received certifi cates and tokens of appreciation for<br />
their dedicated efforts and hard work throughout the months of preparations.<br />
From the happy smiles that evening, it was evident that everyone present had a great time<br />
bonding over a delightful buffet spread and recollecting fond memories of NDP 2009.<br />
Commemorating Sembcorp Marine's successs in NDP 2009.<br />
Happy smiles of joy.<br />
Cheers to a job well done!<br />
A time of rejoicing.<br />
Jul - Aug 2009<br />
07
COVER STORY<br />
Sharing the Nationʼs Joy<br />
In a display of national pride and management-union synergy, personnel from Sembcorp Marine and its<br />
subsidiary <strong>Jurong</strong> <strong>Shipyard</strong> as well as the SMEEU (Shipbuilding and Marine Engineering Employees’ Union)<br />
<strong>Jurong</strong> <strong>Shipyard</strong> Branch came together to celebrate Singapore’s 44 years of independence.<br />
Gracing the ceremony as Guest-of-Honour was<br />
Mr Lim Hng Kiang, Minister for Trade and Industry.<br />
Speaking to more than 6,000 attendees, Mr Lim<br />
noted that while the worst of the economic crisis<br />
is probably over, the path to a full and sustained<br />
recovery will be a challenging one.<br />
Standing proud during the flag-raising.<br />
A warm welcome for Guest-of-Honour Mr Lim<br />
Hng Kiang, Minister for Trade and Industry.<br />
He urged Sembcorp Marine’s management<br />
and union leaders to continue to build on core<br />
capabilities, invest in R&D and engage in facilities<br />
upgrading to be ready for the next upturn. “It is<br />
during such times that companies with strong<br />
fundamentals, management foresight and a<br />
versatile workforce will stand out and become<br />
stronger when the global economy recovers,” he<br />
said.<br />
Despite the tough economic conditions, Mr WS<br />
Wong, President & Chief Executive Offi cer of<br />
Sembcorp Marine and Managing Director of <strong>Jurong</strong><br />
<strong>Shipyard</strong>, is optimistic about the industry’s long-term<br />
outlook and the Group’s strong positioning. “We<br />
have demonstrated our resilience and adaptability<br />
by weathering through the oil shocks of the ‘70s,<br />
the economic crisis of the ‘80s and the terrorism<br />
crisis of the ‘90s. I am confi dent that Sembcorp<br />
Marine will likewise be able to stay the course and<br />
navigate through the present challenging time,” he<br />
expressed.<br />
This year’s theme “Come together: Reaching<br />
out, reaching up” is apt as everyone must come<br />
together as a team to lend one another strength,<br />
said Mr Wong. It is also key to continue reaching<br />
out and engaging employees and customers so<br />
that the company is well-positioned to seize the<br />
opportunities when the economy rebounds.<br />
“We will continue to invest in people – our most<br />
important asset – to ensure the company’s<br />
sustainable growth. We must also focus on giving<br />
the best service to our customers by timely delivery,<br />
competitive costing and maintaining high standards<br />
of safety and health,” he added. In reaching up, it is<br />
important to “up our productivity and competitiveness<br />
as we prepare for the upturn”, shared Mr Wong, by<br />
innovating and adopting long-term growth strategies.<br />
He also shared about his pride in watching the<br />
Sembcorp Marine contingent march on the fl oating<br />
platform which the Group built in 2007 and his<br />
personal joy in celebrating his first National Day as a<br />
Singapore citizen.<br />
Encouraging everyone to stay united, Mr Wong said,<br />
“Like our contingent as they march forward with<br />
determination and purpose … we must adopt this<br />
same spirit of solidarity… I am confident that we<br />
can surmount the challenges ahead with the strong<br />
support of our union, management and workers.”<br />
This year’s National Day awards presentation<br />
saw three categories of awards being given out<br />
– the Workplace Safety & Health (WSH) Innovation<br />
Convention Champion Award, the WSH Supervisor<br />
Award, and the Six Million Man-hours Without Losttime<br />
Incidents Award.<br />
Participating employees in attendance.<br />
Mr Lim Hng Kiang celebrating Singapore’s 44 th birthday during a cake-cutting ceremony together with senior management from Sembcorp Marine and <strong>Jurong</strong><br />
<strong>Shipyard</strong> as well as key union representatives.<br />
08<br />
Jul - Aug 2009
SCM : NEWS<br />
1H 2009 Financial Results<br />
Sembcorp Marine’s turnover for the half year of 2009<br />
at $2,861.1 million showed a 24% increase to the<br />
corresponding period in 2008 at $2,302.2 million. Group<br />
operating profit increased 58% to $301.3 million as<br />
compared with $190.9 million the previous year.<br />
At the pre-tax level, Group profi t increased 20% to $330.1 million from<br />
$275.9 million in 1H 2008. The increase was due mainly to higher operating<br />
margins from rig building, offshore and ship conversion projects offset by<br />
the lower contribution from the Cosco <strong>Shipyard</strong> Group. Group attributable<br />
profi t for 1H 2009 at $258.3 million was 18% higher as compared with<br />
$219.6 million recorded in 1H 2008.<br />
1H 2009<br />
1H 2008<br />
Revenue Contributions by Sectors<br />
Turnover by Sectors<br />
Revenue<br />
(S$’m)<br />
1H<br />
2009<br />
1H<br />
2008<br />
%<br />
Change<br />
Ship repair 368.9 382.9 (3.7)<br />
Rig building 1,789.7 1,345.4 33.0<br />
Ship Conversion/offshore 681.5 535.0 27.4<br />
Shipbuilding - 2.0 n.m.<br />
Others 21.0 36.9 (43.1)<br />
Total 2,861.1 2,302.2 24.3<br />
0 300 600 900 1200 1500 1800 2100 2400 2700<br />
$ million<br />
Financial Highlights<br />
Year<br />
Description($’m)<br />
1H 2009 1H 2008 % Change<br />
Revenue 2,861.10 2,302.20 24.30<br />
Gross Profi t 339.20 234.70 44.50<br />
EBITDA 336.90 223.60 50.70<br />
Operating Profi t 301.30 190.90 57.80<br />
Pre-tax Profi t 330.10 275.90 19.70<br />
PATMI 258.30 219.60 17.60<br />
EPS, basic (cents) 12.56 10.62 18.30<br />
Interim Dividend<br />
In line with the Group’s strong performance for 1H 2009 and the need<br />
to conserve cash for growth opportunities, the Board of Directors<br />
recommended an interim one-tier tax-exempt dividend of 5.00 cents per<br />
share, payable to shareholders on September 1, 2009.<br />
Outlook<br />
The Group has a net order book of S$7.91 billion with completion and<br />
deliveries stretching till early 2012. This includes the S$1.12 billion order<br />
contracts secured to-date since the end of 2008 comprising the building-up<br />
of two units of ultra-deepwater harsh environment semi-submersible rigs from<br />
bare-deck hulls for subsidiaries of SeaDragon Offshore Limited, two offshore<br />
platforms for Premier Oil Natuna Sea and an FPSO conversion for MODEC.<br />
Notwithstanding the current economic downturn and the restricted fi nancing<br />
and liquidity environment for owners, the long-term fundamentals for the<br />
marine and offshore industry remain resilient with oil prices back to the<br />
US$60 to US$70/bbl range.<br />
For ship repair, the near-term prospect is challenging. Nevertheless,<br />
Sembcorp Marine’s bigger docks are at present well-booked due to the<br />
strong support of Alliance/FCC and regular customers and the Group’s<br />
niche market segment of LNG carriers.<br />
The market for FPSO units and production platforms is expected to remain<br />
unchanged as these projects have longer gestation periods and constitute<br />
part of the owners’ investment portfolio designed to provide future output<br />
to replace depleting reserves.<br />
Connecting with Retail Investors at AICE<br />
To further reach out to investors and the general public, Sembcorp Marine participated in the inaugural Asian<br />
Investment Conference and Exhibition (AICE) 2009 organised by the Securities Investors Association of<br />
Singapore (SIAS) from July 18 to 19.<br />
Targeted at retail, mass affl uent and high<br />
network investors both in Singapore and the<br />
region, the two-day conference cum exhibition<br />
aims to provide a platform for companies and<br />
investors to connect and interact.<br />
Interacting with visitors at the booth.<br />
Sembcorp Marine representatives with Mr David<br />
Gerald, President of SIAS.<br />
Through its participation and presence at the<br />
exhibition, Sembcorp Marine had the opportunity<br />
to understand sentiments among investors and<br />
members of the public, respond to their queries,<br />
as well as share with them about the Group’s<br />
business and operations.<br />
Providing an overview of the Group’s core businesses.<br />
Jul - Aug 2009<br />
09
SCM : AROUND SCM : NEWS THE YARDS<br />
SMOEʼs Heaviest Topside Delivered as Committed<br />
A group photo to commemorate the occasion.<br />
SMOE, a subsidiary of Sembcorp Marine, completed its mega offshore project – an 18,000-metric-tonne Central<br />
Processing Platform – right on schedule to a record of 4.5 million LTI-free manhours.<br />
When SMOE held the Sailaway Ceremony for the Topside on July 30,<br />
2009, it was an event celebrated with pride and grandeur. This project for<br />
client Carigali-PTTEPI Operating Company set a new record for SMOE as<br />
it was the heaviest topside constructed by the yard and one of the world’s<br />
heaviest topsides ever jacked up, to a height of 7 metres.<br />
The delivered-on-schedule 30-month project entailed engineering,<br />
procurement, construction and loadout of the offshore structure. An<br />
additional component of the contract included offshore commissioning<br />
at the platform’s location in the JDA Block B-17 of the Malaysia-Thailand<br />
Joint Development Area; which is 286km east of Songkhla, Thailand and<br />
171 north of Kota Bahru, Malaysia.<br />
The fi eld’s joint ownership between Malaysia’s Petronas and Thailand’s PTT<br />
resulted in a ceremony attended by about 100 guests from both companies.<br />
Inaugurating the Topside’s completion are (L-R) Encik Abdul Latib Hassan,<br />
Senior Manager of Petronas Carigali JDA, Dr Kurujit Nakornthap, MTJA Board<br />
Member, Mr Ho Nee Sin, Managing Director of SMOE, Encik Alais Mohd,<br />
General Manager of CPOC and Khun Prisdapunt Ponjanapreecha, Regional VP<br />
of PTTEP.<br />
VIPs and guests at the ceremony.<br />
Also in the audience were representatives from Sembcorp Marine, SMOE’s<br />
clients and employees as well as various industry partners. In total, there<br />
were close to 400 people who witnessed the inauguration ceremony that<br />
marked the Topside’s completion. The celebration continued into the<br />
evening with a black-tie dinner held at The Fullerton Hotel to commemorate<br />
the project’s milestone success.<br />
All smiles from the VIP table during the black-tie dinner.<br />
Celebrating a fruitful partnership.<br />
10<br />
Jul - Aug 2009
SCM : AROUND THE YARDS<br />
Marking the milestone success.<br />
Setting a heaviest topside record for SMOE - The 18,000-metric-tonne Central<br />
Processing Platform is scheduled to commence operations in the Gulf of<br />
Thailand in October 2009.<br />
In his speech to the audience, Mr Ho Nee Sin, Managing Director of SMOE,<br />
commented, “This is a monumental project for SMOE as it is the heaviest<br />
topside that we have constructed in the whole of our 36 year history.<br />
Today, we commemorate the successful delivery of SMOE’s biggest as<br />
well as one of the region’s largest Central Processing Topside.”<br />
Dr. Kurujit Nakornthap, Director General in the Department of Mineral<br />
Fuels and Malaysia-Thailand Joint Authority (MTJA) Board Member,<br />
reiterated the good performance, “On behalf of the MTJA, I would like to<br />
congratulate SMOE, the fabricator of the Muda Production Platform, for a<br />
job well done; for you have worked with determination and co-operation in<br />
fi nishing this project so that we can be proud of the achievement today.”<br />
The Topside, which measures 78m in length, 72m in width and 27m in height,<br />
is scheduled to commence operations after hook-up and commissioning<br />
in the Gulf of Thailand in October 2009. It is designed with a maximum<br />
gas processing capacity of 657 million standard cubic feet of gas per day,<br />
as well as a condensate production rate of 17,676 barrels per day and<br />
produced water rate of 34,000 barrels per day injection.<br />
Project Milestones by PPL <strong>Shipyard</strong><br />
During the months of July and August 2009, PPL <strong>Shipyard</strong> and its partners<br />
celebrated key project milestones for two units of PPL Pacific 375 jack-up<br />
drilling rigs under its construction.<br />
West Leda after its successful launch.<br />
West Leda, a jack-up rig ordered by Seadrill<br />
Limited, was successfully launched in a<br />
ceremony held on July 24, in the presence<br />
of key yard and owner representatives. This<br />
was followed by the keel-laying ceremony<br />
of Sinopec International (Hong Kong) Co’s<br />
newbuild jack-up rig on August 7 in PPL<br />
<strong>Shipyard</strong>.<br />
Mr Chen Hui Zhong, Vice GM of Sinopec Shanghai<br />
Offshore Petroleum Exploration, sharing his<br />
thoughts about witnessing the rig’s keel-laying<br />
milestone.<br />
Key representatives from PPL <strong>Shipyard</strong> and Seadrill<br />
witnessing the successful rig launching.<br />
Stakeholders commemorating the successful keel-laying of Sinopec’s newbuild jack-up rig.<br />
Jul - Aug 2009<br />
11
HAPPENINGS<br />
Reinforcing Links with the Investment Community<br />
As part of its continuing efforts to engage and connect with the investment<br />
community, Sembcorp Marine welcomed a delegation of investment<br />
analysts and fund managers from Banc of America Securities-Merrill Lynch<br />
and Credit Agricole to subsidiary <strong>Jurong</strong> <strong>Shipyard</strong> on July 3, 2009.<br />
Highlights of the day included a presentation cum Q&A session as well as a yard tour, which<br />
provided the international group of visitors a deeper understanding of the Group’s business and<br />
operations.<br />
Sharing insights with the delegation of analysts<br />
and fund managers.<br />
Presentation in progress.<br />
Visitors learning more about Sembcorp Marine’s<br />
operations during the yard tour.<br />
Revisiting <strong>Jurong</strong> <strong>Shipyard</strong><br />
It was a heartwarming reunion as former staff from Ishikawajima-<br />
Harima Heavy Industries Co. <strong>Ltd</strong> (IHI) who had played an active role<br />
in <strong>Jurong</strong> <strong>Shipyard</strong>’s early development paid a special visit to the<br />
yard on August 7, 2009.<br />
The group had a fruitful time catching up with long-time friends and former colleagues<br />
during the visit. They also toured the yard’s key facilities and were impressed by the<br />
vast progress and signifi cant growth made by <strong>Jurong</strong> <strong>Shipyard</strong> over the years.<br />
A testimony of the close ties between <strong>Jurong</strong> <strong>Shipyard</strong> and IHI, this meaningful<br />
gathering served to further consolidate the strong links between the two<br />
organisations.<br />
Extending a warm welcome.<br />
A heartwarming reunion.<br />
Stopping for a closer look during the yard tour.<br />
12<br />
Jul - Aug 2009
Winning National Honours for WSH<br />
Sembcorp Marine’s subsidiary yards swept nine<br />
awards at this year’s Workplace Safety and Health<br />
(WSH) Awards on July 24, 2009 for their continuous<br />
commitment and exemplary standards in WSH.<br />
HAPPENINGS<br />
Awards & Accolades<br />
WSH PERFORMANCE AWARDS (WSHPA)<br />
Organised by the WSH Council and supported by the Ministry of<br />
Manpower, the WSH Awards was held to celebrate the best in WSH and<br />
to recognise deserving winners on a national level. The ceremony, held<br />
at Shangri-La Hotel, was graced by Guest-of-Honour, Mr Gan Kim Yong,<br />
Minister for Manpower.<br />
SMOE was honoured with a Silver WSH Performance Award which<br />
recognizes companies or organizations that have performed well in<br />
safety and health through the implementation of sound safety and health<br />
management systems.<br />
A total of seven awards were won by the Group in the Safety and Health<br />
Award Recognition for Projects (SHARP) category, which honours<br />
projects that have achieved good WSH results, These included three<br />
awards bagged by <strong>Jurong</strong> <strong>Shipyard</strong> for Joides Resolution, PetroRig II<br />
and M.T. Arc, two awards by Sembawang <strong>Shipyard</strong> for FPSO Aoka Mizu<br />
and ARV 1, and two awards by SMOE for FPSO Hai Yang Shi You 117<br />
and MUDA CPP Platform.<br />
Project Supervisor Mr Salleh Bin Kasban from <strong>Jurong</strong> <strong>Shipyard</strong><br />
was among 10 outstanding individuals who won the WSH Award for<br />
Supervisors. The award recognizes exemplary performance and valuable<br />
contribution towards WSH excellence.<br />
SMOE: Silver Award.<br />
WSH AWARD FOR SUPERVISORS<br />
Mr Salleh Bin Kasban (<strong>Jurong</strong> <strong>Shipyard</strong>).<br />
SAFETY AND HEALTH AWARD RECOGNITION FOR PROJECTS (SHARP)<br />
<strong>Jurong</strong> <strong>Shipyard</strong> - Joides Resolution; PetroRig II; M.T. Arc.<br />
SMOE - FPSO Hai Yang Shi You 117.<br />
Sembawang <strong>Shipyard</strong> - FPSO Aoka Mizu; ARV 1.<br />
SMOE - MUDA CPP Platform.<br />
Jul - Aug 2009<br />
13
HAPPENINGS<br />
Best of WSH in Marine Industry<br />
Sembcorp Marine’s yards proved to be a mighty force when they bagged five of eight awards during<br />
the 12th Workplace Safety and Health (WSH) Innovations in Marine Industry Convention organised by<br />
the Association of Singapore Marine Industries (ASMI) on August 27, 2009.<br />
Gold Award<br />
Three teams from Sembcorp Marine – LIFE from <strong>Jurong</strong> <strong>Shipyard</strong>, Hull Team<br />
B from Sembawang <strong>Shipyard</strong>, and RIG-2 from PPL <strong>Shipyard</strong> – successfully<br />
snagged all three gold awards with their outstanding WSH innovations.<br />
<strong>Jurong</strong> <strong>Shipyard</strong>’s LIFE team developed the Super Trolley innovation to<br />
provide a more effi cient and effective alternative for the moving of large and<br />
heavy cable drums to replace the conventional methods of transporting the<br />
drums manually or by cranes.<br />
<strong>Jurong</strong> <strong>Shipyard</strong>’s LIFE Team [Super Trolley].<br />
Hull Team B from Sembawang <strong>Shipyard</strong> created the High Defi nition Lifeboat<br />
/ Rescue Boat Cradle, a gadget that automatically locks onto the hull of the<br />
boats so it is kept in place when in contact. This reduces workers’ exposure<br />
to potential hazards such as pinch points or boats toppling as they are not<br />
required to adjust the position of the lifeboats / rescue boats that are being<br />
lowered from the vessels and onto the cradle.<br />
PPL <strong>Shipyard</strong>’s RIG-2 team designed the Claminator, a contraption which<br />
provides a clamping effect for the fabrication, joining and straightening<br />
of the various sections of the legs of jack-up rigs. The device effectively<br />
eliminates fi re hazards such as welding and grinding processes that are<br />
traditionally associated with the process.<br />
Sembawang <strong>Shipyard</strong>’s Hull Team B [High Definition Lifeboat / Rescue Boat<br />
Cradle].<br />
Other winning teams from Sembcorp Marine included HP 3 from <strong>Jurong</strong><br />
<strong>Shipyard</strong> and Team Rocket from Sembawang <strong>Shipyard</strong> which won the Silver<br />
and Bronze awards respectively for their innovative innovations.<br />
The Guardrail Locking Device was conceived by HP 3 to effectively secure<br />
guardrails around manholes and access openings to prevent falling hazards,<br />
while eliminating the need for hot work for the erection of railings.<br />
The Coupling Extractor developed by Team Rocket enables the effective<br />
and effi cient removal of couplings from motor shafts and pumps without the<br />
use of hot work.<br />
PPL <strong>Shipyard</strong>’s RIG-2 Team [Claminator].<br />
Silver Award<br />
Beyond improving productivity standards and operational effi ciency, these<br />
innovations further boost the yards’ WSH standards, leading to higher<br />
morale and better performance among employees.<br />
Bronze Award<br />
<strong>Jurong</strong> <strong>Shipyard</strong>’s HP 3 Team [Guardrail Locking Device]<br />
Sembawang <strong>Shipyard</strong>’s Team Rocket [Coupling Extractor (Induction Heater)].<br />
14<br />
Jul - Aug 2009
WSH Carnival 2009<br />
HAPPENINGS<br />
Instilling a sense of shared responsibility towards safety at the workplace among employees and stakeholder<br />
partners – that was the objective behind the three-day Workplace Safety and Health (WSH) Carnival 2009 held<br />
from July 8 to 10 at Sembawang <strong>Shipyard</strong>, a subsidiary of Sembcorp Marine.<br />
Launching of the WSH Carnival by Mr Ho Siong Hin, Commissioner for Workplace<br />
Safety and Health, Ministry of Manpower, and Mr Ong Poh Kwee, Sembawang<br />
<strong>Shipyard</strong>’s Managing Director.<br />
Mr Ho Siong Hin participating in an interactive activity at the exhibition.<br />
The WSH Carnival was offi cially kicked off by Mr Ho Siong Hin, Commissioner for Workplace Safety and Health, Ministry of Manpower, who<br />
unveiled the ‘Safety Starts With Me’ plaque together with Mr Ong Poh Kwee, Managing Director of Sembawang <strong>Shipyard</strong>. The event was attended<br />
by representatives from Ministry of Manpower and Sembcorp Marine as well as employees from Sembawang <strong>Shipyard</strong> and SMOE.<br />
Mr Ho said that he was pleased to see the continued momentum by Sembcorp Marine and its subsidiary yards in raising safety awareness and the<br />
Group’s strong support of the national WSH Campaign.<br />
Employees and contractor partners were invited to participate in an interactive learning exhibition held as part of the carnival to understand more<br />
about the yard’s ProBE (Programme Based Engagement) priorities and the key HSE . objectives for 2009.<br />
Working together towards WSH excellence!<br />
Invited guests gracing the WSH Carnival 2009 at Sembawang <strong>Shipyard</strong><br />
Checking out the exhibits on display.<br />
Jul - Aug 2009<br />
15
HAPPENINGS<br />
Sembcorp Marine Bowling Tournament<br />
Winning Teams<br />
1 st : “The Bowlers” from <strong>Jurong</strong> <strong>Shipyard</strong>.<br />
Employees from Sembcorp Marine and its yards enjoying a time of interaction.<br />
Elite bowlers from Sembcorp Marine and its subsidiaries <strong>Jurong</strong><br />
<strong>Shipyard</strong>, Sembawang <strong>Shipyard</strong>, PPL <strong>Shipyard</strong>, SMOE and <strong>Jurong</strong><br />
<strong>Jurong</strong> SML came together at Starbowl Singapore @ Hometeam NS to<br />
pit their skills during the Group Bowling Tournament on August 22, 2009.<br />
2nd: “Discoverers” from <strong>Jurong</strong> SML.<br />
Launching off the tournament was Mr Ong Poh<br />
Kwee, Deputy President of Sembcorp Marine,<br />
who delivered the fi rst bowl to the hearty<br />
applause of everyone present. The competition<br />
was intense as determined players issued<br />
striking attacks to bowl the competition away.<br />
The verdict was reached after three exciting<br />
rounds, with “The Bowlers” from <strong>Jurong</strong><br />
<strong>Shipyard</strong> emerging champion, “Discoverers”<br />
from <strong>Jurong</strong> SML clinching second position<br />
and “Emerald” from PPL <strong>Shipyard</strong> securing<br />
third place.<br />
3rd: “Emerald” from PPL <strong>Shipyard</strong>.<br />
SAFRA Singapore Bay Run<br />
Even before the sun’s rays peeked through the horizon,<br />
over 50 employees from <strong>Jurong</strong> <strong>Shipyard</strong> gathered at<br />
the Padang, together with over 70,000 participants, for<br />
the SAFRA Singapore Bay Run on August 16, 2009.<br />
Based on their fi tness level, participants had the option of choosing either<br />
the 6km, 10km or 21km trail, all of which took them past part of the F1<br />
race route as well as scenic sights along the Benjamin Sheares Bridge and<br />
Marina Bay area.<br />
Mind over matter: We did it!<br />
Aside from the tangible health benefits from the hearty workout, the<br />
Singapore Bay Run also provided employees from various departments<br />
an opportunity to strengthen camaraderie and rapport with one<br />
another.<br />
Poised to Strike<br />
The atmosphere was tensed as players, with eyes affixed on their targets,<br />
poised themselves with cue sticks in hand for the decisive strike. That was<br />
the scenario during the 8-ball pool tournament organised by the <strong>Jurong</strong><br />
<strong>Shipyard</strong> Recreation Club on August 1, 2009<br />
Held at the West Coast Recreation Centre, the game saw 32 sharp-shooters from <strong>Jurong</strong> <strong>Shipyard</strong> trying<br />
to outdo one another with strategic shots executed with fi nesse and accuracy. Competition aside, the<br />
tournament provided players a chance to hone their shooting techniques, display their sportsmanship<br />
and further consolidate ties with fellow pool enthusiasts.<br />
Dolphin is a bi-monthly publication of Sembcorp Marine <strong>Ltd</strong> (Reg. No. 196300098Z)<br />
and its subsidiary <strong>Jurong</strong> <strong>Shipyard</strong> <strong>Pte</strong> <strong>Ltd</strong> (Reg. No. 199908265G). No part of this<br />
newsletter may be reproduced or transmitted by any means or stored in any<br />
16information storage and retrieval system without the publishers’ written permission.<br />
Jul - Aug 2009<br />
Holding the champion’s trophy is Mr Liew Ka Hoe<br />
(2 nd from right) from HP, together with first and<br />
second runners-up Mr Low Seow Pin (far left) and<br />
Mr Alan Chua (far right) from Finance, and third<br />
runner-up Mr Chng Teck Wee from Engineering.<br />
Contact us :<br />
The Editorial Team • 29 Tanjong Kling Road<br />
Singapore 628054 • ir@sembcorpmarine.com.sg<br />
For more information, visit us at : www.sembcorpmarine.com.sg • www.jspl.com.sg