December 2013 - Keppel Corporation

Transcription

December 2013
www.kepcorp.com/ekeppelite
Laboratory for
the future 26
Soaring team
spirits 33
Vibrant impressions 45
Rounding up
a record year
MCI (P) 073/01/2013
36
7
12
Contents
SUSTAINING GROWTH
Endorsements of expertise
Herculean achievement
4
Drillship with a difference
6
EMPOWERING LIVES
Soaring team spirits
33
Building on 100
7
Afternoon of appreciation
36
Spurring Innovations
Innovating into the new year
38
Cherished memories
40
People-building
41
Keppelites Abroad
Piecing the puzzle
42
Growing leaders
43
NURTURING COMMUNITIES
Nurturing arts appreciation
44
Vibrant impressions
45
Go on giving
48
Film fiesta
50
5
Power lift
Premium space
8
Ties with Tianjin
9
Strategic appointments
10
Proven technologies
12
Progress in Anhui
Reinforcing bonds
13
Milestones at N-KOM
14
Strong relationship
16
Honorary Fellow
Linking up with regions
Scaling heights in 2013
17
18
Special FOCUS
Laboratory for the future
26
Quality recognitions
29
Festive flavours
30
Making waves
32
Pact with partners
Ode to oldies
Keppel Volunteers
Christmas with a heart
51
BACK PAGE
Fortifying Mexican fleet
52
Cover image: At the naming of Hercules Resilience, a KFELS Super A Class jackup rig, the management of Keppel and Hercules
Offshore celebrated their partnership which has seen two rigs delivered well ahead of schedule. (Front row, from left) Mr Choo
Chiau Beng, CEO of Keppel Corporation; Mrs Carolyn Hamilton, wife of Mr Tom Hamilton; Mr Tong Chong Heong, CEO of Keppel
Offshore & Marine (Keppel O&M); Lady Sponsor Ms Kim Riddle; Mr Tom Hamilton, Board Director of Hercules Offshore; Mr John
Rynd, CEO of Hercules Offshore; Mr Chow Yew Yuen, COO and CEO-designate of Keppel O&M.
Published for people in the Keppel Group by the Group Corporate Communications Division, Keppel Corporation Limited, 1 HarbourFront Ave, #18-01 Keppel Bay Tower,
Singapore 098632. Printed by Image Printers Pte Ltd, Blk 1002, Redhill Industrial Estate, Jalan Bukit Merah, #03-12, Singapore 159456.
Editorial Advisor
Wang Look Fung
Editor
Liang Hui Hui
Editorial Committee
Ang Lai Lee, Candice Low, Carol Huang, Chan Suan Sim, Cheryl Goh, Chew Chong Peng, Dale Lai, Donald Sng, Eileen Tan, Elizabeth Widjaja, Eva Ho, Frances Teh, Grace Chia,
Hayley Teo, Hoo Yao Lin, Ivana Chua, Lee Chin Siang, Lee Wan Jun, Lim Xuehui, Noelle Yong, Priscilla Chong, Razali Maulod, Roy Tan, Say Huan Yuan, Serena Toh,
Sue Ann Huang, Teri Liew, Tracy Pham, Vett Ramos, Woon Pek Yong, Yolanda Guo, Yu Zehan
Keppelite I December 2013
CO REG NO: 196800351N
Editorial
Near Market, Near Customer
When asked what it means for Keppel to
Latin Asia Business Forum, Offshore Technology
be Near Market, Near Customer, we often speak
Conference (OTC) Houston and OTC Brasil, we
about our growing global network of shipyards.
amplify dialogues with our customers and industry
veterans and professionals by participating in panel
We explain how our facilities – which span the
discussions, organising networking sessions and
Asia Pacific, the Gulf of Mexico, Brazil, the Middle
promoting international exchanges.
East, and the Caspian Sea and North Sea regions
– allow us to deliver quality solutions and services
To appreciate the ethos of our markets and
right at the doorsteps of our customers and their
our partners at a deeper level, we also seek to
markets. We are close to our customers so that
understand them through the lenses of arts and
we can better understand the evolving needs of
culture. We do this by supporting a plethora of
the industry.
cultural exchanges. For example, in November,
Keppel was the presenting sponsor of the Latin
But our shipyards are merely the most visible
American Film Festival.
manifestations of our customer approach. We
have many other less tangible, less cited, but no
In totality, our efforts show that being Near Market,
less significant efforts that we galvanise to engage
Near Customer is not only about providing services
and connect with our stakeholders.
and solutions wherever our customers need us to
be physically, but also entails embracing avenues
To keep ahead of the industry and its challenges,
for a holistic understanding of the governments,
we pursue research and development (R&D)
markets, companies and people we serve.
partnerships with technology bodies and academic
institutions. Last year, we announced the formation
The sum of all the diverse and meaningful
of fKN – comprising FloaTEC, National University
interactions with our stakeholders continue to
of Singapore (NUS), Keppel Offshore & Marine
enable us to innovate solutions which are not
and Keppel Offshore & Marine Technology Centre
only bold, but grounded in real understanding
– to explore solutions for offshore Brazil. Just last
and anticipation of our customers’ needs and
month, we joined hands with Singapore’s National
requirements. For Keppel, this is the ultimate
Research Foundation and NUS to launch a R&D
objective, definition and reward of being
centre – the Keppel-NUS Corporate Laboratory.
Near Market, Near Customer.
We actively participate in trade shows, technical
talks, exhibitions and conferences. At events
whether at home or far flung such as Sea Asia,
Sustaining Growth
4 Sustaining Growth
Endorsements of expertise
yard in 1Q 2014. After repair
and rectification works, FPSO
Ningaloo Vision will return
for operations in the Van
Gogh field located in the
Exmouth Basin, offshore
Northwest Australia.
As for the contract with
EMAS AMC, a subsidiary
of EZRA Holdings, Keppel
Shipyard will undertake the
fabrication of an external
turret for an FSO unit.
Keppel Shipyard and Keppel Nantong Shipyard secured another five contracts, clear market endorsements of Keppel’s extensive expertise and
experience in FPSO and FSO conversion, upgrading and repair works
Keppel Offshore & Marine’s
(Keppel O&M) subsidiaries
Keppel Shipyard and Keppel
Nantong Shipyard (Keppel
Nantong) have secured
five contracts worth about
$150 million in total.
Mr Michael Chia, MD (Marine
and Technology) of Keppel
O&M, said, “We are glad to
have the support of repeat
and new customers for a
range of offshore and marine
projects. Keppel Shipyard’s
latest contracts bear
testament to its extensive
expertise and experience in
Floating Production Storage
a n d O ff l o a d i n g ( F P S O )
and Floating Storage and
Offloading (FSO) conversion,
upgrading and repair works.
Meanwhile, Keppel Nantong’s
two new projects reflect its
growing newbuilding and
fabrication capabilities.”
as well as the installation
and integration of topside
process modules.
Keppel Shipyard’s contracts
are FPSO and FSO projects
from Armada C7, a joint
venture company of Bumi
Armada and Shapoorji
Pallonji Group; Apache
Energy; and EMAS AMC.
The FPSO will support India’s
national oil company Oil and
Natural Gas Corporation’s
operations in the Cluster 7
field, located in the west
coast of Mumbai, India.
For the Armada C7 project,
Keppel Shipyard has
commenced work and is
scheduled to complete it in
3Q 2014. The work scope
includes refurbishment
and life extension works,
upgrading of living quarters
to accommodate 70
personnel, fabrication and
installation of an internal
turret mooring system,
For the contract with Apache
Energy, Keppel Shipyard
will carry out steel and
piping systems renewal,
coating works, equipment
overhauling, and installation
of new equipment on
FPSO Ningaloo Vision.
Pre-fabrication work
for this FPSO project has
already started. The vessel
is expected to arrive at the
Work has commenced and
the turret is scheduled for
completion in 2Q 2014.
Upon completion, the turret
will be delivered to STX
Offshore & Shipbuilding in
Korea for integration with
the newly-built FSO. The
FSO will be deployed in
West Africa.
Over in China, K e p p e l
Nantong has secured two
contracts from Smit Shipping
Singapore, a wholly-owned
subsidiary of Royal Boskalis
Westminster Group, to
undertake the construction
of two submersible barges.
Work for both barges, Giant
5 and Giant 6, is scheduled to
commence in 1Q 2014, and
to be completed by end 2014
and early 2015 respectively.
Upon completion, the barges
will be deployed in Europe.
With the latest contracts,
Keppel O&M has secured
almost $7 billion in new
orders year-to-date. keppelite
Sustaining Growth 5
Herculean achievement
The Hercules Resilience marked Keppel FEL’s 19th rig delivery this year and placed
Keppel on track to round up a record year of deliveries.
Keppel FELS delivered to
Hercules Offshore, Inc.
(Hercules Offshore), their
second harsh environment
KFELS Super A Class jackup
rig on 30 November 2013,
45 days ahead of schedule,
on budget and with a perfect
safety record.
The rig was named Hercules
Resilience at a ceremony on
14 December 2013.
The first KFELS Super A Class
rig for Hercules Offshore,
Hercules Triumph, was
delivered in April this year,
46 days ahead of schedule.
Designed for the harsh
environmental conditions of
the UK sector of the North
Sea, Hercules Resilience is
an ultra high-specification
jackup rig which is also
able to operate efficiently
in virtually all parts of the
world outside Norway and
the Arctic. Its enhanced leg
design incorporates Keppel’s
proven high capacity rack and
pinion jacking system, which
ensures that the rig is able to
jack up securely in various
challenging environments.
Mr John T. Rynd, CEO of
Hercules Offshore, said,
“These rigs are among the
world’s most elite jackup
drilling rigs. The KFELS Super
A Class rig provides higher
variable load, better drilling
capabilities and cantilever
load performance as well
The KFELS Super A Class jackup rig design is establishing its reputation in the market with its
versatility, reliability and capabilities
as a larger deck space and
superior accommodation
complement. Our first
rig, Hercules Triumph, is
successfully working for Cairn
India in the Indian Ocean
drilling a high temperature,
high pressure well. This
demonstrates worldwide
versatility of the KFELS Super A
Class jackup design.”
FELS said, “We are proud to be
able to deliver a high quality
rig to Hercules Offshore well
ahead of time and to their
highest satisfaction once
again. This is the Keppel
hallmark. Leveraging our
expertise and experience,
we work closely with our
customers to ensure win-win
results.
The Hercules rigs have been
customised to meet the
requirements of Hercules
Offshore and are capable of
operating in water depths of
400 feet and drilling depths
of 35,000 feet.
“Our proprietary KFELS Super
A Class has been designed to
operate efficiently in a wide
variety of environments,
especially cold climate areas
with harsh conditions. This
is the third such rig delivered
and with another three
on order, we believe the
KFELS Super A Class design
will become an industry
benchmark for jackups of
its class, following in the
footsteps of our KFELS B
Class design.”
Mr Wong Kok Seng, MD
(Offshore), Keppel Offshore
& Marine, and MD of Keppel
In addition to having strong
drilling capabilities and
cantilever load performance,
the KFELS Super A Class has
a two million pound hook
load drilling system and
includes a spacious deck and
amenities to accommodate
150 men.
Keppel FELS has also delivered
a KFELS Super A Class jackup
rig to Ensco and is currently
building another three for
them. keppelite
6 Sustaining Growth
Drillship with a difference
Following positive feedback
and strong enquiries from
the market, Keppel FELS
is proceeding with the
building of its new CAN
DO drillship, a proprietary
design differentiated from
current offerings. When
completed in 2016, the
drillship is expected to be a
state-of-the-art deepwater
exploration, development
and completion drilling
vessel.
and CEO-designate, Keppel
Offshore & Marine (Keppel
O&M), commented, “As with
all our market-established
proprietary designs, our new
CAN DO drillship design
was developed in close
consultation with customers,
major oil companies and
vendors. The newly developed
design is capable of handling
next generation 20,000
pounds per square inch (psi)
blowout preventers.
Mr Chow Yew Yuen, COO
“While most modern
drillships currently in
operation were designed
and built for exploration
drilling, industry feedback
has revealed the need for
vessels capable of performing
development and completion
drilling, in addition to
exploration drilling. Since
the launch of our design
earlier this year, we have
received very encouraging
response from the market,
and we have decided to start
constructing the first drillship
to this design. We believe
the drillship meets the high
functionality, safety and costeffective requirements of
the industry.”
Jointly developed by
Keppel Offshore & Marine
Technology Centre, the
Research & Development
arm of Keppel O&M, and its
design partner GustoMSC,
Keppel’s CAN DO drillship
is designed to overcome the
constraints of limited deck
space found in most modern
day drillships. Apart from meeting
exploration drilling
requirements, the design
allows for the installation
of third party equipment
invariably required
for development and
completion drilling through
the incorporation of a large
functional deck space. In
addition, the drillship has a
double blowout preventer
stack integrated into the
design, and has a riser hold
capacity meeting 12,000
feet water depth with the
flexibility of storing either
75-foot or 90-foot long
risers. The drillship has been modeltested at the MARIN facility
in the Netherlands and has
also obtained class approval
for the basic design. A full
3D model has been created
for construction purposes.
keppelite
The CAN DO drillship, with its large functional deck space and next generation 20,000 psi blowout preventers, is poised to be the front runner
in deepwater exploration, development and completion drilling
Sustaining Growth 7
Power lift
The most powerful gantry crane in
Southeast Asia is now operational.
Celebrating the successful collaboration between Keppel and Ok Tedi are Captain Karo Yama
(left), Owner’s Representative of Ok Tedi, and Mr Toh Ko Lin (right), ED of Keppel Singmarine,
and Chairman and President of Keppel Philippines Marine
Building on 100
Keppel Batangas Shipyard
marked the completion
of its 100th newbuilding
project, Fly Resilience, on
5 December 2013. The 4,000
dwt bulk ore/fuel carrier is
a joint project with Keppel
Singmarine for Ok Tedi
Mining Ltd (Ok Tedi).
“The long haul along the
river is very challenging. I’m
proud to stand here and
say the name Fly Resilience
suits it well and that it will
perform to the capabilities
that it is built for,” said
Captain Karo Yama, Owner’s
Representative of Ok Tedi.
Fly Resilience is named
after River Fly, the second
longest river in the western
province of Papua New
Guinea where the vessel
will operate. The vessel
will carry copper ore from
Ok Tedi’s mines and travel
from the port town of
Kiunga to silo vessels at
the river’s mouth.
“This accomplishment is
made possible through the
dedication and close working
relationship between the
project teams from Keppel
Singmarine, Ok Tedi and
Keppel Batangas,” said
Mr Toh Ko Lin, ED of Keppel
Singmarine and Chairman
and President of Keppel
Philippines Marine. keppelite
Marking another step to
boost the capabilities of
Keppel Offshore & Marine to
take on large-scale offshore
p ro j e c t s , K e p p e l S u b i c
Shipyard, together with
its customers, celebrated
the successful addition of a
1,500-tonne gantry crane to
its facilities with a ceremony
on 15 November 2013. This
new unit has the greatest
lifting capacity of all gantry
cranes in Southeast Asia.
Mr Leong Kok Weng,
President of Keppel Subic
Shipyard, said, “Committed
to strengthen and grow our
operations in the Philippines,
we continue to invest in the
development of our people,
systems and infrastructure.
The 1,500-tonne gantry crane
further equips Keppel Subic
Shipyard to take on largescale, offshore projects such
as our ongoing Malampaya
Depletion Compression
Platform (DCP) project.”
The shipyard is presently
undertaking the fabrication
of the DCP for Shell
Philippines Exploration BV.
When completed, the DCP
will be deployed next to
an existing shallow water
platform, in the Malampaya
gas field near Palawan Island,
the Philippines.
Apart from the gantry crane,
Keppel Subic Shipyard is
extending its fabrication
space, as well as adding
new workshops and
machineries to build on its
capabilities for shiprepair and
fabrication work. keppelite
Keppel Subic Shipyard’s 1,500-tonne gantry crane greatly enhances the yard’s capability
8 Sustaining Growth
Premium space
Testament that Keppel
REIT’s properties remain
the preferred choice for
corporations, all of its
Singapore properties are now
100% occupied after Ocean
Financial Centre became fully
leased. Over in Sydney, 8
Chifley Square continues to
attract established tenants.
Full occupancy at
Ocean Financial
Centre
With Ocean Financial Centre’s
office and newly completed
retail space attaining full
occupancy, all of Keppel REIT’s
five Singapore properties
– Ocean Financial Centre,
Marina Bay Financial Centre
Towers 1 & 2, One Raffles
Quay, Prudential Tower and
Bugis Junction Towers – are
fully leased, well above the
average Singapore Central
Business District (CBD)
occupancy of 93.5% in the
third quarter of 2013.
Ms Ng Hsueh Ling, CEO of
Keppel REIT Management,
said, “We have steadily
signed on tenants to
achieve full occupancy, up
from approximately 80%
when we acquired Ocean
Financial Centre. This attests
to the building being one of
Singapore’s premium office
properties with an enviable
location at the heart of the
Raffles Place and Marina Bay
precincts.
“We will continue to focus
on maintaining a strong
portfolio of established
tenants, as well as delivering
steady performance and
value to our Unitholders.”
The latest tenants, namely
Linc Energy, BGC Group
and Olswang Asia, hail from
wide-ranging sectors and
add to the stellar line-up
of multinational companies
which have made Ocean
Financial Centre their choice
business address.
The 43-storey Ocean
Financial Centre has a total
net lettable area (NLA) of
approximately 885,000 sf.
Phase Two, which comprises
a seven-story carpark, retail
annexe and underground
pedestrian network
(UPN) was completed in
November 2013.
The UPN has enhanced the
accessibility of the building.
Tenants will enjoy even
greater connectivity with
the opening of the new
Downtown MRT Station,
which is directly linked to
Marina Bay Link Mall.
Featuring the world’s largest vertical green wall, Keppel REIT’s Ocean Financial Centre is
fully leased
In keeping with Keppel’s
commitment to contribute to
the cityscape with sustainable
properties, Ocean Financial
Centre features a green wall
which was awarded the
Guinness World Record for
the World’s Largest Vertical
Garden. Three art pieces by
internationally-acclaimed
artists were also specially
commissioned at Ocean
Financial Centre’s public
plaza, to enrich the arts
and cultural landscape in
Singapore’s CBD.
New tenants at
8 Chifley Square
Over in Sydney, Australia,
8 Chifley Square saw its
occupancy rate increase to
95% with leading financial
and corporate advisory firm,
PPB Advisory, signing on a
10-year lease.
At 34 storeys high, the tower
comprises a total NLA of
about 208,000 sf, leased to
leading tenants including
Corrs Chambers Westgarth,
QBE and Quantium. The
Keppel REIT-Mirvac owned
office tower is located at
the junction of Phillip Street,
Hunter Street and Elizabeth
Street in Sydney’s CBD.
8 Chifley Square, which
opened recently in October
2013, features a vertical
“village” concept where
tenants can lease one to
three floors of contiguous,
interconnected office
space that facilitates closer
collaboration between its
occupants. This is a significant
first for Australia. keppelite
Sustaining Growth 9
Ties with Tianjin
Reinforcing the strong ties
between the two countries,
Ms Sun Chunlan, Secretary of
the Communist Party of China
Tianjin Municipal Committee,
visited Singapore from 18 to
21 November 2013 and
called on Singapore’s Prime
Minister (PM) Lee Hsien
Loong to discuss bilateral
cooperation.
At the meeting, Party
Secretary Sun expressed
C h i n a ’s i n t e n t i o n t o
boost collaboration with
Singapore. She said that she
was looking forward to more
achievements in bilateral
cooperation, following the
two countries’ encouraging
collaborations in significant
projects such as the SinoSingapore Tianjin Eco-City
(Tianjin Eco-City).
In response, PM Lee said that
Singapore deeply values its
relations with China and the
government will extend full
support to bilateral projects
like the Tianjin Eco-City.
In December, another two
delegations from Tianjin
v i s i t e d S i n g a p o re a n d
were warmly received by
senior management of the
Keppel Group.
A six-member delegation
led by Mr Li Dong, Vice
Chairman of the Eco-City
Administrative Committee
(ECAC), was hosted to lunch
on 4 December 2013 by
Tianjin Vice Mayor Mr Sun Wenkui (centre) and delegation were hosted to dinner on 10 December 2013 by Mr Loh Chin Hua (right), CFO and
CEO-designate of Keppel Corporation, Mr Khor Poh Hwa (left), Chairman of Keppel Infrastructure Fund Management, and other representatives
from across the Keppel Group
Mr Teo Soon Hoe, Senior ED
of Keppel Corporation. The
delegation was in Singapore
from 2 to 6 December 2013
to learn from Singapore’s
urban landscaping.
The second delegation was
led by Mr Sun Wenkui, Vice
Mayor of Tianjin Municipal
Government. Mr Loh Chin
Hua, CFO and CEO-designate
of Keppel Corporation,
and representatives from
across the Group hosted the
17-man delegation to dinner
on 10 December 2013.
Owing to its strong track
record and distinct blend
of core competencies, the
Keppel Group was entrusted
t o l e a d t h e S i n g a p o re
consortium for the Tianjin
Eco-City project. The Group
works in close tandem with
its Chinese consortium
partner to guide the 50-50
joint venture in its role as
the master developer of the
Tianjin Eco-City.
Mr Teo Soon Hoe (left), Senior ED of Keppel Corporation, welcomed ECAC Vice Chairman
Li Dong (right) and his delegation on 4 December 2013
Since breaking ground on
28 September 2008, the
salt-pan site where the Tianjin
Eco-City is located has been
transformed into a green
township with residential
towers, commercial hubs,
schools and amenities. Today,
about 6,000 residents call the
Tianjin Eco-City home while
some 1,000 companies have
registered in the city. keppelite
10 Sustaining Growth
Strategic appointments
Tr a n s p o r t a t i o n
1 December 2013.
on
Dr Lee Boon Yang, Chairman
of Keppel Corporation
said, “On behalf of the
Board of Keppel Corporation,
I would like to extend our
deep gratitude and
appreciation to Chiau Beng
for his invaluable contribution
and unwavering service.
In his 42-year career with
Keppel Group, Chiau Beng
has served as a director
on the Board of Keppel
Corporation for 30 years.
“Indeed, Chiau Beng has
played an important role
in laying firm foundations
upon which the Group
can continue to grow and
create value sustainably
for its stakeholders. The
directors and I are pleased to
welcome his successor
Chin Hua to Keppel
Corporation’s Board as we
work together with the
management team to steer
the Group forward.”
Mr Loh Chin Hua
Holistic succession
As part of Keppel
C o r p o r a t i o n ’s h o l i s t i c
succession plan, CFO and
CEO-designate, Mr Loh Chin
Hua, will be appointed as
an executive director to the
Company’s Board with effect
from 1 January 2014, when
the current CEO, Mr Choo
Chiau Beng, retires.
With effect from the same
date, Mr Loh will also succeed
Mr Choo as Chairman on
the Boards of the Group’s
key listed and non-listed
subsidiaries, namely Keppel
L a nd , K e pp e l Off sh o re
& Marine and Keppel
Infrastructure.
Mr Loh was also appointed
as a non-independent, nonexecutive director of Keppel
Te l e c o m m u n i c a t i o n s &
Mr Loh said, “I would like
to thank Chiau Beng for
his guidance, as well as the
Boards of the respective
Keppel companies for their
confidence and support.
With Chiau Beng remaining
as a Senior Advisor to Keppel
Corporation’s Board, the
management team and I will
continue to benefit from his
rich experience and strong
global relationships.”
Mr Loh, 52, has been with
the Keppel Group for 11
years and possesses over 25
years of experience in real
estate investing and fund
management spanning the
US, Europe and Asia. He
was appointed as Keppel
Corporation’s CFO in January
2012 and CEO-designate
in July 2013. Mr Loh has
been supporting the CEO in
strategic business planning,
major investment initiatives
and decisions, financing
strategy, as well as investor
relations.
Prior to this, Mr Loh was
MD of Keppel Land’s real
estate fund management
arm, Alpha Investment
Partners (Alpha), which
he had founded in 2003.
Under his leadership,
Alpha has grown its assets
under management to over
$10.5 billion today. Prior
to Alpha, Mr Loh was MD
at Prudential Investment
Management, and held
several senior appointments
in the Government of
Singapore Investment
Corporation.
Bolstering leadership
Strengthening the leadership
in Keppel Land, Mr Yap
Chee Meng was appointed
independent non-executive
director and a member of
its Audit Committee on
2 December 2013. Professor
Huang Jing will also be
appointed independent
Sustaining Growth 11
non-executive director with
effect from 1 January 2014.
Mr Yap was the COO of KPMG
International for the Asia
Pacific region and a member
of its Global Executive Team.
Prior to his appointment
in 2010, he was a senior
partner in KPMG Singapore
and was the Regional Head
of Financial Services in Asia
Pacific and Country Head of
Real Estates and Specialised
REITs Group in Singapore.
In his 37 years of experience
in the financial sector, Mr Yap
has served in the committees
of various professional and
regulatory bodies including
Singapore’s Accounting
& Corporate Regulatory
Authority and the Institute of
Certified Public Accountants
of Singapore.
M r Ya p a l s o h o l d s
directorships in several
companies including SMRT
Corporation, SATS, AXA
Insurance Singapore and
The Esplanade.
Mr Yap qualified as a UK
Chartered Accountant in
1981. He remains as a
non-practising Fellow of
the Institute of Singapore
Chartered Accountants and
a non-practising Fellow of
the Institute of Chartered
Accountants in England and
Wales.
Professor Huang is a
P ro f e s s o r a n d D i re c t o r
of Centre on Asia and
Globalisation at the Lee
Kuan Yew School of Public
Mr Yap Chee Meng
Professor Huang Jing
Policy. He has published
n u m e ro u s a r t i c l e s a n d
books on China’s politics,
development strategy and
foreign policy, as well as
on international relations in
Asia Pacific.
He also serves as a Senior
Overseas Economic Analyst
for Xinhua News Agency
and is an Overseas Adviser
to the China Foundation for
International and Strategic
Studies in Beijing.
He was a Senior Fellow
for foreign policy studies
at Brookings Institution
and Shorenstein Fellow at
Stanford University, as well as
a Fulbright Professor with the
Hong Kong City University.
He was also the Director
of Asia Studies Program
and Associate Professor of
Political Science at the Utah
State University, and was a
Lecturer on Social Studies at
Harvard University.
Professor Huang is
currently on the Board of
Fujitsu-JAIMS Foundation in
Japan, the Advisory Board
of the Center on China and
Globalisation, as well as the
European-House Ambrosetti.
He is also on the Steering
Committee of the NUS
Research Institute in Suzhou
and is part of the Global
Agenda Council at the World
Economic Forum. keppelite
Professor Huang is currently
a Residential Fellow at the
Rockefeller Foundation
Bellagio Centre and was
recently named a Richard
von Weizsäcker Fellow
with Robert Bosch Stiftung.
Proven technologies
Building on its reputation
as the market leader for
imported waste-to-energy
(WTE) technologies in
China, Keppel Seghers
s e c u re d a c o n t r a c t o n
29 November 2013 to provide
a technological package
for the second phase of
a WTE plant in Yangzhou
city, Jiangsu Province. The
c o n t r a c t w a s a w a rd e d
by the Yangzhou TEDA
Environmental Protection Co.
Ltd, a subsidiary of Tianjin
TEDA Group Co Ltd.
Valued at 4.24 million euros
or about $7.21 million, the
contract includes proprietary
incineration grates designed
by Keppel Seghers. It also
includes the design for a
flue gas recirculation system
and Keppel Seghers’ SIGMA
technology for improved
combustion control
a n d e n h a n c e d p ro c e s s
performances. The WTE
plant will be designed to
meet the European Union’s
emission standards.
per day (tpd) and will be
built next to the existing
Yangzhou I plant, which
has a capacity of 1,000 tpd
and which also uses Keppel
Seghers’ technologies.
When completed, the
entire plant is expected to
serve a population of up to
1.5 million in the vicinity.
keppelite
This contract marks the
third WTE project awarded
by TEDA Group to Keppel
Seghers, testament to
the group’s confidence in
Keppel’s WTE technologies
as proven solutions in the
Chinese market.
The new project, Yangzhou II,
has a capacity of 610 tonnes
Keppel Seghers has secured a contract to continue providing technologies for the second
phase of the Yangzhou WTE plant. The plant is expected to serve up to 1.5 million people
when the expansion is completed
Progress in Anhui
On 21 November 2013,
Keppel Corporation’s senior
management – Senior
EDs Mr Teo Soon Hoe and
Mr Tong Chong Heong,
CFO and CEO-designate
Mr Loh Chin Hua, and Director
of Group Corporate Affairs
Ms Wang Look Fung – visited
the Wuhu Sanshan Port in
Anhui Province, China.
The management participated
in a tree-planting ceremony
to mark the good progress
made on the project. The port
is a joint venture between
Keppel Telecommunications
and Transportation (Keppel
T&T) and Sinotrans Ltd, and
has achieved more than
Senior management from Keppel Corporation and Keppel Logistics participated in a tree-planting ceremony to mark the good progress made at
Wuhu Sanshan Port
two million tonnes in cargo
throughput year-to-date.
The port visit was part of the
senior management’s trip to
Anhui Province, China, where
Keppel T&T has a significant
presence. The group called
upon Vice Governor of Anhui
Province Mr Chen Shulong
to reaffirm the strong ties
and collaboration between
Keppel and the province. They
also visited Keppel Wanjiang
International Coldchain
Logistics Park, Keppel T&T’s
second project in the province.
keppelite
Reinforcing bonds
Water consultancy for
Zhoushan
With the establishment
of Zhoushan Islands New
A re a , C h i n a ’s f o u r t h
national-level development
zone, Zhoushan is
projected to grow and
urbanise rapidly.
Dr Lee Boon Yang (left), Chairman of Keppel Corporation, welcomed Jilin Mayor Zhao Jingbo
From north to south, the
Keppel Group continues to
build on strong relations with
Chinese partners.
On 13 December 2013, Dr
Lee Boon Yang, Chairman
of Keppel Corporation
warmly welcomed a ninemember delegation from
Jilin City in northern China’s
Jilin Province. Led by Mayor
Mr Zhao Jingbo, the
delegates shared about
the progress of the SinoSingapore Jilin Food Zone
(Food Zone) and were in turn
briefed on the construction
of the Sino-Singapore Jilin
Food Zone International
Logistics Park (Logistics Park),
a joint venture between
and Transportation (Keppel
T&T) and the Jilin Municipal
Government.
As the sole food logistics
park operator within the
Food Zone, the Logistics Park
marked Keppel T&T’s maiden
step into northeaster n
China and will provide a
consolidated platform
for the trading, storage
and distribution of food
products.
On 7 December 2013, a
delegation from Zhoushan
City of China’s southern
province Zhejiang, led by
the city’s Party Secretary
Mr Sun Jingmiao, visited
Keppel in Singapore.
Mr Michael Chia, MD
(Marine & Technology) of
Keppel Offshore & Marine,
and senior management
across the Keppel Group
hosted the delegation to
a luncheon.
To gain a better understanding
of Keppel’s key businesses,
the delegation also visited
Keppel Seghers’ Ulu Pandan
NEWater Plant, Keppel FELS
Pioneer Yard, as well as
Marina at Keppel Bay. keppelite
To enhance Zhoushan’s
water self-sufficiency in
anticipation of increased
water demand and its
associated challenges,
Zhoushan Municipal
Government inked a
consultancy agreement
with Keppel Seghers to
review Zhoushan’s existing
water infrastructure
plans, water conservation
measures, etc., as well
as the integration into
a holistic Water Master
Plan. A leading provider
of comprehensive
environmental solutions,
Keppel Seghers has, to
date, executed more than
350 water and wastewater
projects worldwide.
On behalf of Keppel
Seghers, Mr Goh Toh
Sim, Keppel Corporation’s
C h i e f R e p re s e n t a t i v e
in China, signed the
agreement with Zhoushan
Municipal Government on
26 November 2013 at the
ninth meeting of SingaporeZhejiang Economic and
Trade Council (SZETC). The
signing was witnessed by
Ms Grace Fu, Minister in
the Prime Minister’s Office,
Second Minister for the
Environment and Water
Resources and Second
Minister for Foreign Affairs,
and Ms Liang Liming, Vice
Gover nor of Zhejiang
Provincial Government.
Both are co-chairmen of
the SZETC.
On behalf of Keppel Seghers, Mr Goh Toh Sim (right), Keppel Corporation’s Chief
Representative in China, signed a water consultancy agreement with Zhoushan
Municipal Government at the ninth meeting of Singapore-Zhejiang Economic and Trade
Council (Source of photo: International Enterprise Singapore)
Milestones at N-KOM
November 2013 marked
several milestones for NakilatKeppel Offshore & Marine
(N-KOM) in Qatar. The yard
crossed its third anniversary,
completed its 200th project,
hosted Qatar’s Prime Minister,
and garnered a prestigious
award at the Seatrade Middle
East & Indian Subcontinent
Awards 2013.
well-integrated facilities,
a capable workforce and
strong commitment to safe
and prompt deliveries, we
have established ourselves
as a regional offshore and
marine hub. We thank all our
partners and stakeholders,
including clients, contractors
and vendors for their
tremendous support. It is
their trust and confidence in
us that has made it possible
for us to be where we are
today.”
Strong track record
Coinciding with the
Anniversary
celebrations
N-KOM turned three on
22 November 2013.
Employees celebrated this
joyous occasion with a simple
cake-cutting ceremony.
Mr Abu Bakar Mohd Nor,
CEO of N-KOM, shared,
“N-KOM has come a long
way over the last three years.
With comprehensive and
N-KOM employees celebrate the yard’s third anniversary on 22 November 2013
N-KOM completed repair works for the VLCC, M.V. Janah Star, its 200th project since the yard started operations three years ago
anniversary celebrations
was the successful delivery
of N-KOM’s 200th project,
which involved repair works
for a Very Large Crude
Carrier (VLCC), M.V. Janah
Star. The vessel is owned
b y Ve l a I n t e r n a t i o n a l
Marine.
Qatar’s Prime Minister and Interior Minister H.E. Sheikh Abdullah bin Nasser bin Khalifa Al Thani (front row, fourth from the left), along with other dignitaries and senior management from
N-KOM, NDSQ Nakilat (Qatar Gas Transport Company) and Qatar Petroleum Industrial Cities
Adullah Fadhalah al-Sulaiti,
Chairman of N-KOM and
MD of Nakilat, said, “With
the completion of the
200th project, N-KOM has
positioned itself as one of
the leaders in offshore and
shiprepair, recognised by the
regional maritime industry to
be a premium shipyard with
a full and comprehensive
range of shipyard services.”
Stately visit
Qatar’s Prime Minister and
Interior Minister H.E. Sheikh
Abdullah bin Nasser bin
Khalifa Al Thani, together
with Deputy Prime Minister
H.E. Ahmad bin Abdulla al
Mahmoud and the Minister
of Energy & Industry
and Chairman of Nakilat
Dr Mohammed bin Saleh Al
Sada, called on N-KOM on
21 November 2013.
The visiting delegation
was updated on the latest
developments at the yard
and given a tour of the
facility.
The stop at N-KOM forms part
of the government officials’
visit to the Erhama Bin Jaber
Al Jalahma Shipyard area,
where N-KOM is located.
Repeat award
Attesting to the yard’s strong
and growing capabilities,
N-KOM was conferred the
Shiprepair/Shipyard Award
for the second consecutive
year at the prestigious
Seatrade Middle East &
Indian Subcontinent Awards
2013.
The award was presented
at a gala dinner at the
Atlantis, The Palm, Dubai, on
18 November 2013.
Mr Abu Bakar said, “We
are deeply honoured
and encouraged by this
Mr Albert Kee (centre), GM of N-KOM, received the Ship Repair/Shipyard Award at the
Seatrade Middle East & Indian Subcontinent Awards 2013 on behalf of N-KOM
recognition from the region’s
maritime industry. This award
bears testament to our efforts
to deliver our services safely
and with quality that meets
customers’ satisfaction. We
will continue to leverage
K e p p e l ’s a n d N a k i l a t ’s
strengths and expertise to
enhance our competencies,
p ro v i d i n g v a l u e - a d d e d
services to our customers.”
keppelite
Strong relationship
“Brownsville and Singapore
share a special relationship as
the largest private employer
in the city is Singaporeowned Keppel AmFELS,
which has been part of the
Brownsville community since
1990. Attracting additional
businesses to Brownsville is
vital to strengthening our
local economy.”
With these words,
Congressman Filemon Vela,
Jr., the U.S. Representative
for Texas’s 34th congressional
district, reaffirmed the
partnership between
Brownsville and Singapore
at a visit by Singapore
Ambassador to the U.S.
H.E. Ashok Kumar Mirpuri to
Brownsville, Texas, from 1 to
2 November 2013.
Congressman Filemon Vela Jr. (left) presented COO of Keppel AmFELS Mr Tan Geok Seong (centre) with a flag which had been flown over the
US Capitol, in recognition of Keppel AmFELS’ contributions to the community, during a visit by Singapore Ambassador to the U.S., H.E. Ashok
Kumar Mirpuri (right), to Brownsville, Texas
As an integral part of
the Brownsville economy
employing close to two
thousand people, Keppel
AmFELS was a key highlight
of the trip. H.E. Ashok Kumar
Mirpuri was visiting at the
invitation of Congressman
Vela.
Following a reception by city,
state, and federal officials
from the City of Brownsville,
H.E. Mirpuri attended a
dinner with Congressman
Vela, Brownsville Mayor Tony
Martinez, COO of Keppel
AmFELS Mr Tan Geok Seng,
as well as representatives
from the Brownsville
Economic Development
Council and the Singapore
Economic Development
Board. The group explored
opportunities to strengthen
economic relationships
between Brownsville and
Singapore. keppelite
Honorary Fellow
For his contributions to
Singapore’s engineering
sector through 42 years of
service in Keppel – which has
grown into a conglomerate
and a global leader in the
offshore and marine industry
- the Institution of Engineers
Singapore (IES) conferred the
title of IES Honorary Fellow
on Mr Choo Chiau Beng,
CEO of Keppel Corporation
and Chairman of Keppel
O&M), at their annual dinner
on 27 November 2013.
Mr Heng Swee Keat,
Singapore Minister for
Education, was the guest-
of-honour for the event. As
with previous years, Keppel
O&M supported the IES
Annual Dinner, and its senior
management attended the
event with other industry
leaders, academics and IES
members to celebrate 47
years of advancement of
engineering in Singapore.
With the title, Mr Choo joins
other illustrious engineers
w h o a re I E S H o n o r a r y
Fellows, including Singapore’s
Deputy Prime Minister Mr Teo
Chee Hean, CEO of Temasek
Holdings Ms Ho Ching,
and Chairman of the Audit
Committee of UOB Bank,
Mr Cham Tao Soon. keppelite
Linking up with regions
As a leading company in the
offshore and marine industry
with a global presence,
Keppel continues to foster
ties and connect with various
regions around the world.
In step with
Southeast Asia
Ten countries from Southeast
Asia gathered in Ho Chi
Minh City, Vietnam, from
28 – 30 November 2013
for the 10th ASEAN Council
of Petroleum (ASCOPE)
conference and exhibition
themed ”Innovation &
Co-operation – The Way
Forward”.
Held every four years, the
latest edition was hosted
by Vietnam’s national oil
company, PetroVietnam. The
aim of the conference was to
enhance co-operation in the
petroleum industry among
ASEAN members, as well as
offer members opportunities
to exchange experiences with
international oil companies.
Representing Singapore was
Keppel Corporation which
sent a delegation led by Mr
Choo Chiau Beng, CEO of
Keppel Corporation, and Mr
Tong Chong Heong, CEO of
Keppel Offshore & Marine.
In his country report, Mr Choo
said, “As ASEAN economies
grow, the region will need
ample supply of clean and
affordable energy. To achieve
energy security, Asia must
Guest of Honour for the ASCOPE 2013 exhibition, Mr Hoàng Trung Hai (center), Deputy Prime Minister of Vietnam, visited Keppel’s booth.
Accompanying him are (from left) Dr Phung Dinh Thuc, Chairman of PetroVietnam; Mr Choo Chiau Beng, CEO of Keppel Corporation; Mr Tong
Chong Heong, CEO of Keppel Offshore & Marine; and Mr Le Duong Quang, Vietnam’s Deputy Minister of Industry and Trade
meet rising energy demand
i n a n e n v i ro n m e n t a l l y
sustainable manner, explore
new supply sources and
technology, and integrate
regional energy markets
and infrastructure. The
ASEAN economies should
work together to forge
tighter alliances on LNG
supplies and pricing, and
the ASCOPE conference is an
ideal platform to discuss and
progress initiatives that will
benefit all of ASEAN.”
Connecting with
Africa
The Singapore Business
Federation’s Africa Business
Group organised the
inaugural Africa Asia Oil
and Gas Summit 2013
in Singapore on 27 and
28 November 2013.
Given Keppel’s long-standing
ties with Africa, Keppel
O&M) supported the summit
as a Silver Sponsor. Dr Lee
Boon Yang, Chairman of
Keppel Corporation, was
also invited to deliver the
keynote address, while
Mr Michael Chia, MD (Marine
and Technology) of Keppel
O&M, participated in a panel
discussion.
In his speech, Dr Lee said,
“Africa is on the rise.
Opportunities and challenges
lie ahead. Collaboration
between Africa and Asia in
technology and expertise
coupled with deepening
commerce, investment and
trade linkages will give a
boost to Africa’s growth.
Asia’s growing need for
energy. Singapore and Keppel
are ready to participate in
Africa’s bright future and
the strengthening of ties
between our regions.”
Over the years, Keppel
O&M has contributed to
Africa’s oil and gas industry
with the delivery of 23
Floating Production Storage
and Offloading (FPSOs)
and Floating Storage and
Offloading (FSOs) vessels
for deployment in Africa.
A total of seven rigs were
also built and delivered to
Africa, which are operating
i n A n g o l a , C a m e ro o n ,
Equatorial Guinea and
Nigeria. keppelite
“Africa’s rich oil and gas
reserves will power its own
growth as well as support
Scaling heights in 2013
With an eye on the future,
Keppel celebrated its
proud heritage at its 45th
anniversary gala in 2013.
Even as it scaled new heights
with a record number of rig
deliveries this year, Keppel
continues to strengthen its
foundation and position
itself to capture strategic
growth opportunities across
all its businesses while
nurturing its people and the
communities it operates in.
KEPPEL CORPORATION
will be succeeded by CFO
Mr Loh Chin Hua on
1 January 2014.
KrisEnergy, an independent
upstream company, was
listed on the Singapore
Exchange with an Initial
Public Offering (IPO) market
capitalisation of $1.2 billion.
Following the call option
exercise and cornerstone
subscription in conjunction
with the IPO, Keppel
Corporation’s stakes in
KrisEnergy increased from
15.3% to 31.4%.
Keppel Corporation
topped several polls at the
Institutional Investor
Magazine’s All-Asia Executive
Team Ranking, including
A s i a ’s B e s t C E O
(Co nglome rates) vo ted
by both buy and sellsides, and Asia’s Best CFO
(Conglomerates) voted by
sell-side analysts. Keppel
Corporation came in
second in the sell-side poll
for Best Investor Relations
and was ranked among
A s i a ’s m o s t h o n o u r e d
companies.
August
To c o m m e m o r a t e i t s
45th anniversary, Keppel
Corporation committed
$12 million to National
Art Gallery’s Centre for Art
Education to benefit children
and youths.
Keppel Group also
designated August as
Keppel Community Month.
Employees across the
Group engaged in diverse
activities to reach out to
the underprivileged in the
community.
March
Keppel Corporation pledged
5,000 hours of community
service and donated
$1.5 million to the President’s
Challenge through Keppel
Care Foundation.
Keppel Corporation issued
US$200 million floating rate
notes due 2020, under the
US$2 billion Euro Medium
Te r m N o t e P ro g r a m m e
established in January 2013.
April
Ocean Mineral Singapore
was formed to explore
the ocean’s seabed for
polymetallic nodules. The
company has applied to
the International Seabed
Authority (ISA) for its first
seabed exploration licence,
which will be considered at
the ISA’s meeting in 2014.
July
CEO Mr Choo Chiau Beng
Keppel Corporation committed $12 million to the National Art Gallery’s Centre for Art Education. The cheque presentation was made in the
presence of President Tony Tan Keng Yam (centre) at Keppel Corporation’s 45th anniversary gala
Keppel Shipyard continues to secure FPSO/ FSO orders from repeat and new customers
September
The Sino-Singapore Tianjin
Eco-City (Tianjin Eco-City)
marked its fifth anniversary.
The salt-pan site has since
been transformed into a
green township with about
6,000 residents.
with the strongest adherence
to corporate governance
in Singapore, and top six
most preferred companies
by institutional investors
at the Alpha Southeast
Asia Institutional Investor
Corporate Awards.
Keppel Corporation
became the only industrial
conglomerate and one
of only four Singapore
companies to be listed as
an index component of the
Dow Jones Sustainability
Asia Pacific Index
2013/2014.
November
Mr Chan Hon Chew will
succeed Mr Loh Chin Hua
as CFO with effect from
1 February 2014.
Keppel Corporation won
the Best Annual Report in
Singapore and was among
the top three companies
Keppel Corporation
p a r t n e re d E s p l a n a d e –
Theatres on the Bay to
relaunch Keppel Nights
and cultivate lifelong
arts engagement among
the young. Keppel gave
$360,000 to Esplanade in
support of the programme
to provide students from
some 20 heartland schools
in Singapore with access
to shows presented by
Esplanade.
December
Mr Loh Chin Hua, CFO and
CEO-designate of Keppel
Corporation was appointed
as an executive director of
the Board, with effect from
1 January 2014. He was
also appointed to Keppel
Te l e c o m m u n i c a t i o n s &
Transportation’s Board as
non-independent and nonexecutive director with effect
from 1 December 2013, and
to Keppel Land’s Board as
Chairman with effect from
1 January 2014.
OFFSHORE & MARINE
February
Keppel FELS Brasil and
Keppel Shipyard secured two
contracts worth $200 million
in total – from MODEC and
Toyo Offshore Production
Systems (MTOPS) to
integrate the topside modules
of a Floating Production
Storage and Offloading
(FPSO) unit, and from SBM
Offshore to fabricate an
internal turret for a newbuild
FPSO unit.
Keppel FELS secured three
contracts worth a combined
US$300 million – for the
construction of a KFELS B
Continues on page 20...
...continued from page 19.
Class jackup rig from Star
Drilling, for the upgrading of
the semisubmersible (semi)
ENSCO 5006 for Ensco PLC,
and for the upgrading of
the semi Ocean Patriot for
Diamond Offshore.
March
Keppel FELS secured
contracts from Mexican
drilling company, Grupo R,
to build four KFELS B
Class jackup rigs worth
US$820 million.
April
Keppel AmFELS in Brownsville,
Texas, delivered the jackup
rig, Papaloapan, to Mexico’s
Perforadora Central on time,
within budget and with a
perfect safety record.
The inauguration ceremony of the new Baku Shipyard was graced by (from left) Chairman of Keppel Corporation Dr Lee Boon Yang;
Singapore’s Senior Minister of State for Trade and Industry Mr Lee Yi Shyan; President of Azerbaijan H.E. Ilham Aliyev; CEO of Keppel O&M
Mr Tong Chong Heong, and President of SOCAR Mr Rovnag Abdullayev
Keppel FELS clinched a
contract worth about
US$225 million to construct
a KFELS B Class jackup rig,
ENSCO 110.
Keppel FELS won a contract
worth US$226 million
from Falcon Energy Group,
through its subsidiary, FTS
Derricks, to construct a KFELS
Super B Class jackup rig.
May
Keppel Shipyard completed
refurbishment and
integration works for the
FPSO Perisai Kamelia for
EMAS Offshore.
June
(Keppel O&M), through
its subsidiaries Caspian
Rigbuilders BV and Caspian
Shipyard Company, secured
a contract from Caspian
The fifth accommodation semi which Keppel FELS is building for Floatel will be a sister vessel to Floatel Victory (above)
Drilling Company, a subsidiary
of the State Oil Company of
Azerbaijan Republic (SOCAR),
to build a DSS™ 38M semi
drilling rig worth about
US$800 million. July
Keppel FELS secured an order
worth about US$210 million
for a KFELS B Class jackup rig
from PV Drilling Overseas. Keppel FELS secured a
contract worth US$206
million to build the fifth
KFELS B Class jackup rig from
repeat customer Grupo R.
Keppel Shipyard completed
conversion projects FPSO
OSX-2 for SBM Offshore, and
FSO Mayumba for Perenco
Group.
Keppel Corporation
announced the appointment
of Keppel O&M COO
Mr Chow Yew Yuen as CEO
of Keppel O&M with effect
from 1 February 2014.
August
Keppel FELS secured a
contract to build a KFELS
B Class jackup rig for
US$206 million from Parden
Holding.
Keppel FELS won a contract
worth about US$280 million
from Floatel International
to build its fifth
accommodation semi.
September
B a k u S h i p y a rd , j o i n t l y
developed by Keppel O&M,
SOCAR and Azerbaijan
KFELS B Class jackup is the industry’s preferred design, with 18 new orders secured this year
Record deliveries
Keppel FELS set a record by delivering 21 rigs in 2013 – the largest number of rigs
delivered by a single yard in a single year. All rigs were delivered either early or on time,
with zero lost-time incidents.
No.Project
No.Project
Model
Newbuild jackup rigs
1
AOD I
KFELS B Class
2
AOD II
KFELS B Class
3
AOD III
KFELS B Class
4
ArabDrill 50
KFELS B Class
5
ArabDrill 60
KFELS B Class
6
B341
KFELS B Class
7
Dynamic Vision
KFELS B Class
8
La Santa Maria
KFELS B Class
9
La Covadonga
KFELS B Class
10 Laurus
KFELS B Class
11 UMW Naga 4
KFELS B Class 12 HAKURYU-11
KFELS Super B Class
13 Transocean Siam Driller KFELS Super B Class
14 Transocean Andaman KFELS Super B Class
15 Transocean Ao Thai
KFELS Super B Class
16 ENSCO 120
KFELS Super A Class
17 ENSCO 121
KFELS Super A Class
18 Hercules Triumph
KFELS Super A Class
19 Hercules Resilience
KFELS Super A Class
Model
Customer
Customer
Asia Offshore Drilling
Arabian Drilling Company
Arabian Drilling Company
Gulf Drilling International
Vision Drilling
Constructora y Perforadora LATINA
Constructora y Perforadora LATINA
Integradora de Servicios Petroleros
Oro Negro
UMW Oil & Gas Corporation
Japan Drilling Company
Transocean
Transocean
Transocean
Ensco
Ensco
Discovery Offshore
Discovery Offshore
Newbuild semisubmersibles
20 West Esperanza
KFELS SSDT™ 3600E
Seadrill
21 Floatel Victory
KFELS SSAU™ 5000NG Floatel International
Investment Company, was
officially opened by President
of Azerbaijan H.E. Ilham
Aliyev.
Keppel Shipyard secured two
FPSO conversion contracts
worth a combined value of
$190 million from SBM Offshore
and M3nergy Offshore.
Keppel O&M entered into a
sale and purchase agreement
with KazStroyService Global
Engineering for the sale of
Keppel Kazakhstan.
October
Keppel FELS secured two
repeat KFELS B Class
jackup rig orders that cost
US$440 million in total from
an affiliate of Clearwater
Capital Partners.
Keppel O&M signed
a Memorandum of
Understanding with
subsidiaries of Mexico’s
n a t i o n a l o i l c o m p a n y,
Petroleos Mexicanos (PEMEX),
to jointly develop, own and
operate a yard facility in
Mexico. The first phase will
support the construction
of six KFELS B Class
jackup rigs.
Keppel AmFELS secured a
contract from a subsidiary
of Mexico’s Perforadora
Central to build a KFELS
B Class jackup rig worth
US$240 million.
November
Keppel FELS secured an
order from a subsidiary of
Transocean to build five
KFELS Super B Class jackup
rigs for US$1.1 billion,
with options to build
another five.
Keppel FELS secured a
contract to build a repeat
KFELS Super A Class jackup
rig from Ensco for about
US$265 million.
Singapore’s Deputy Prime
Minister Teo Chee Hean
graced the launch of the
Keppel-NUS Corporate
Laboratory, a Research
& Development initiative
jointly established by
Keppel and the National
University of Singapore
(NUS).
Nakilat-Keppel Offshore &
Marine in Qatar completed
its 200th project.
December
Keppel Shipyard and
Keppel Nantong secured
five contracts worth about
$150 million in total: a FPSO
upgrading and refurbishing
contract from Armada C7;
a renewal and equipment
overhaul contract from
Apache Energy; a turret
fabrication contract from
EMAS AMC; and two
contracts for the construction
of submersible barges for
Smit Shipping Singapore.
INFRASTRUCTURE
January
Securus Data Property Fund
Pte Ltd (Securus Fund),
which is co-managed by
& Transportation (Keppel
T&T) and AEP Investment
June
Keppel DHCS secured a
tender to design, build, own
and operate a new district
cooling systems (DCS) plant
for MediaCorp’s new campus
at Mediapolis@one-north,
and a contract to provide
DCS services to the Rohde &
Schwarz building at Changi
Business Park.
Keppel Merlimau Cogen plant completed its expansion in June 2013, raising its total capacity to 1,300 MW
Data Centre, which is located in
Amsterdam, the Netherlands.
Keppel Data Centres Holding,
a joint venture between
Keppel T&T and Keppel Land,
will develop its third data
centre, Keppel Datahub 2,
in Singapore, adding more
than 6,000 sm of data
centre space.
Wuhu Sanshan Port
(Phase 1) which comprises
two 10,000 dwt berths,
in Anhui Province, China,
turned operational.
Keppel expanded its presence in China with its third river port, Sanshui Port, which is located
in Foshan, Guangdong Province, China
Management, achieved its
second closing.
March
Securus Fund acquired a 50%
stake in Citadel 100, a data
centre in Dublin, Ireland.
Keppel Logistics will be
developing an air logistics
hub in Singapore, adding
a p p ro x i m a t e l y a n o t h e r
350,000 sf to its warehouse
capacity.
April
Securus Fund acquired
its sixth data centre, Almere
May
Keppel Energy and Keppel
Integrated Engineering were
reorganised under a newly
incorporated entity, Keppel
Infrastructure Holdings.
K-Green Trust appointed
Mr Lionel Chua as CFO.
Keppel T&T commenced
work for its Tianjin EcoCity Integrated Logistics
Distribution Centre.
Keppel Merlimau Cogen plant
completed its expansion,
raising the total capacity of
the plant to 1,300 MW from
500 MW.
July
Keppel Logistcs (Foshan)
acquired 60% stake in
Sanshui Port, in Foshan City,
Guangdong Province, China,
marking Keppel T&T’s third
river port in China.
Mr Tan Boon Leng, ED,
Keppel Infrastructure, was
appointed to K-Green Trust’s
Board as a non-independent
and non-executive director.
Mr Tay Lim Heng relinquished
his position on the Board.
August
Keppel T&T clinched the
awards for Best Annual
Report (Gold) and Best
Investor Relations (Silver)
for Market Capitalisation
of $300 million to less than
$1 billion category during
the Singapore Corporate
Awards.
Keppel DHCS’ district
heating and cooling plant in
Tianjin Eco-City commenced
operations.
Keppel Seghers secured
contract to provide
technologies for a waste-toenergy plant in Gao An Tun,
Beijing, China.
Corporate Governance
(Mid cap category) for
the Securities Investors
Association (Singapore)
Investors’ Choice Awards.
September
Keppel T&T commenced
work for Keppel Wanjiang
Inter national Coldchain
Logistics Park in Anhui
Province, China.
Keppel Seghers secured
contract to provide
technologies for a waste-toenergy plant in Yangzhou city,
Jiangsu Province, China.
PROPERTY
Keppel FMO acquired a
25% equity interest in
Tianjin Eco-City Sheng Heng
Eco-Maintenance and
Services Co. Ltd., to
provide green facilities
management and propertyrelated services to the
Tianjin Eco-City.
January
Mr Ang Wee Gee succeeded
Mr Kevin Wong as CEO of
Keppel Land.
Keppel T&T won the
Achievement of Excellence
for the Singapore Business
Federation Sustainable
Business Awards.
Keppel Land China was
named one of the “Top 10
ASEAN Companies in China”.
The award, organised by
the China-ASEAN Business
Council, recognises ASEAN
companies for their economic
and social contributions
to China.
November
Keppel T&T emerged as the
winner in the Singapore
February
Keppel Land China and
Alpha Investment Partners
Keppel T&T commenced work for its Keppel Wanjiang International Coldchain Logistics Park
in Anhui Province, China
jointly acquired an 80%
stake in Life Hub @ Jinqiao,
a mixed-use development in
Shanghai, China.
Keppel Land acquired a
prime residential site in Tiong
Bahru for the development
of 500 homes.
March
Keppel Land was awarded
the prestigious Eco-Advocate
Award at the inaugural
Asia-Pacific Enterprise
Leadership Awards.
May
was officially opened by
Singapore Prime Minister
Lee Hsien Loong at a grand
ceremony on 15 May 2013.
April
Joining hands with the
Singapore Inter national
Foundation, Keppel Land
announced its support for
Water for Life (Yangon), a
three-year project which
will bring clean water to
more than 7,000 villagers in
Yangon, Myanmar.
Reflections at Keppel Bay
clinched the Gold award under
the Residential (High Rise)
category at the prestigious
international FIABCI Prix
d’Excellence Awards.
Keppel Land and China
Va n k e e n t e r e d i n t o a
strategic partnership to
jointly develop properties
in Singapore and China,
the first being The Glades
at Tanah Merah, Singapore,
where Vanke acquired a
30% stake.
June
A new brand philosophy
for Keppel Land, ‘Thinking
Unboxed’, was unveiled and
exemplifies the company’s
desire to challenge itself to
think and see things from a
different angle.
Keppel Land China
acquired a prime 17.5-ha
residential site in Shanghai’s
Sheshan area to develop
Life Hub @ Jinqiao in Shanghai, China, is more than 99% leased, including tenants from
leading brands such as Uniqlo, Nike and Mercedes Benz
approximately 200 landed
homes.
Keppel REIT acquired a
50% stake in 8 Exhibition
Street, a premium freehold
building, in the CBD of
Melbourne, Australia.
August
Moody’s upgraded Keppel
REIT to Baa2 with a
stable outlook.
Keppel Land was named
“Most Admired ASEAN
Enterprise” under the
CSR category (Large Size
Company) at the ASEAN
Business Awards and
emerged winner in the
services category at the
Singapore Environmental
Achievement Awards.
Keppel REIT won Best Annual
Report in the category of
REITs and Business Trusts
at the Singapore Corporate
Awards.
September
Keppel Land swept up six
awards at the Euromoney
Real Estate Awards, including
Best Office/Business
Developer in Singapore,
Best Residential Developer
in Indonesia, as well as Best
Developer, Best Residential
Developer, Best Office/
Business Developer, and
Best Mixed-use Developer
in Vietnam.
The Glades in Singapore marks the first joint venture project between Keppel Land and
Vanke. Under the agreement, Vanke acquired a 30% stake in the condominium development
in Tanah Merah
October
Work commenced for Phase 2
of Sedona Hotel Yangon.
Keppel Land China acquired
a 10.37-ha prime residential
site in the Tianjin Eco-City to
develop about 350 landed
homes.
8 Chifley Square, a Keppel
REIT-Mirvac property in
S y d n e y, w a s o f f i c i a l l y
opened.
November
Mr Ivan Lim was appointed
CFO of Keppel REIT.
Marina Bay Financial Centre reinforced Singapore’s position as one of Asia’s leading major
business and financial centres
company to pursue other
opportunities in Indonesia,
with a focus on Jakarta.
Keppel Land received Top
Honour in the Sustainable
Bu si ne ss Awa rd ( L a r g e
Enterprise) at the Singapore
Sustainability Awards.
was named Best Commercial
Development in South East
Asia (SEA) while Marina Bay
Suites was lauded the Best
Condominium Development
in SEA at the SEA Property
Awards.
Ocean Financial Centre set
the Guinness World Record
for the World’s Largest
Vertical Green Wall, and
clinched the Excellence
Award in the Skyrise Greenery
Awards.
December
Mr Yap Chee Meng and
Professor Huang Jing
have been appointed as
independent, non-executive
directors on the Keppel
Land Board with effect
from 2 December 2013 and
1 January 2014 respectively.
With Ocean Financial Centre
achieving full occupancy, all
of Keppel REIT’s Singapore
properties have attained
100% occupancy. keppelite
*Milestones as at 20 December 2013.
Keppel Land completed
the divestment of Jakarta
Garden City, enabling the
26
Celebrating
Special
Focus45 years
Laboratory for the future
Keppel becomes the first local company to establish a corporate laboratory of this
scale in collaboration with a Singapore university.
Officiating the launch of the Keppel-NUS Corporate Laboratory are (front row L-R) Mr Tong Chong Heong, CEO of Keppel Offshore & Marine (Keppel O&M); Mr Choo Chiau Beng, CEO of
Keppel Corporation & Chairman of Keppel O&M; Dr Lee Boon Yang, Chairman of Keppel Corporation; Ms Yong Ying-I, Permanent Secretary, Public Service Division & National Research and
Development, National Research Foundation (NRF), Prime Minister’s Office, Singapore; Mr Teo Chee Hean, Deputy Prime Minister, Coordinating Minister for National Security and Minister for
Home Affairs, and Chairman, NRF; Prof Low Teck Seng, CEO of NRF; Mr Wong Ngit Liong, Chairman of the NUS Board of Trustees; Mr Tan Chorh Chuan, President, NUS; (back row L-R)
Mr Wong Kok Seng, MD (Offshore & Keppel FELS), Keppel O&M; Mr Chow Yew Yuen, COO & CEO-designate of Keppel O&M; Mr Loh Chin Hua, CFO and CEO-designate of Keppel Corporation;
Mr Michael Chia, Co-Chairman, Keppel-NUS Corporate Laboratory and MD (Marine & Technology), Keppel O&M; Prof Chan Eng Soon, Co-Chairman, Keppel-NUS Corporate Laboratory and
Dean, Faculty of Engineering, NUS; Prof Chow Yean Khow, Executive Director of NUS Centre for Offshore Research & Engineering and the Maritime Institute @ NUS
Augmenting its efforts in
innovation and Research
& Development (R&D) to
maintain its position at the
forefront of the offshore
a n d m a r i n e i n d u s t r y,
Keppel Corporation
partnered the National
University of Singapore (NUS)
to launch the Keppel-NUS
Corporate Laboratory
in collaboration with
t h e N a t i o n a l R e s e a rc h
Foundation (NRF), Prime
Minister’s Office, Singapore,
on 25 November 2013.
Established with an
investment of $75 million,
the laboratory will be
based at the NUS Faculty of
Engineering.
We expect the Keppel-NUS Corporate
Laboratory’s future-oriented areas of
research to open up new commercial
possibilities, create exciting job
opportunities for Singaporeans, and
add vibrancy to the marine and offshore
industry in Singapore.
Mr Teo Chee Hean
Deputy Prime Minister, Coordinating Minister for National
Security and Minister for Home Affairs; and Chairman, National
Research Foundation, Prime Minister’s Office
As it is imperative that we leapfrog
ahead in innovation and technology
towards expanding Singapore’s
investment in the offshore industry,
we need to nurture engineer leaders
and experts capable of going
beyond frontiers in solving complex
challenges of the future.
Professor Chan Eng Soon,
Co-Chairman of Keppel-NUS Corporate Laboratory and
Dean, Faculty of Engineering at NUS
Mr Choo Chiau Beng (left), CEO of Keppel Corporation and Mr Tan Chorh Chuan, President of
NUS, signed the Memorandum of Understanding for the Keppel-NUS Corporate Lab
The launch was graced by
Singapore’s Deputy Prime
Minister (DPM), Mr Teo
Chee Hean, who is also the
Chairman of NRF.
“The strong research
capabilities of NUS, together
with Keppel’s industry knowhow, create a synergistic
partnership for innovation,”
said DPM Teo.
The event drew great interest
f ro m t h e i n d u s t r y a n d
academia, with attendance
by many prominent figures
and organisations, including
Singapore’s Ambassador-AtLarge, Professor Tommy Koh,
and Norway’s Ambassador
Extraordinary Plenipotentiary,
H . E . To r m o d C a p p e l e n
Endresen.
The Keppel-NUS Corporate
L a b o r a t o r y w i l l c re a t e
opportunities for greater
collaboration between
industry and academia to
offer innovative solutions
for oil and gas exploration
and production in ultradeep water and Arctic
environments.
Laboratory was established
u n d e r t h e N R F ’s C o r p
Lab @ University scheme,
which supports Singapore’s
autonomous universities in
their conduct of industryre l e v a n t re s e a rc h w i t h
companies as partners.
Keppel has been working
closely with NUS Engineering
for more than ten years in the
field of offshore engineering.
This move signifies greater
collaboration between the
industry and academia.
It will also open up new
business opportunities for
Singapore and Keppel to
explore and exploit rich
mineral resources in oceans.
In the long term, the
corporate laboratory also
aims to nurture engineering
students for the offshore
i n d u s t r y, p r o v i d i n g
opportunities for talented
and motivated students to
obtain valuable hands-on
experience and exposure to
the offshore industry.
In addition, the corporate
laboratory will pursue the
enhancement of productivity
and safety in yard activities
through knowledge
discovery and technology
development.
Professor Low Teck Seng,
Chief Executive of NRF, said,
“This collaboration is an
inflexion point because it is
the first time a local multinational company is investing
a substantial amount of
money to engage a university
in both the breadth and depth
of research. This corporate
laboratory will capitalise on
Keppel’s expertise in the
offshore and marine industry,
as well as the research and
technological capabilities that
our universities have built
over many years. The Corp
Lab @ University scheme
is a proactive approach to
catalyse the translation
of research into accrued
benefits for Singapore.”
Professor Chan Eng Soon,
Co-Chairman of Keppel-NUS
Corporate Laboratory and
Dean, Faculty of Engineering
at NUS, remarked, “The
establishment of the
Keppel-NUS Corporate
Laboratory will certainly
create a culture of thinking
out of the box in addressing
real world problems. As
it is imperative that we
leapfrog ahead in innovation
and technology towards
e x p a n d i n g S i n g a p o re ’s
investment in the offshore
industry, we need to nurture
engineer leaders and experts
27
28
Celebrating
Special
Focus45 years
capable of going beyond
frontiers in solving complex
challenges of the future.”
Singapore’s Ambassador-At-Large, Professor Tommy Koh (left), learning about Keppel’s
cutting-edge deepwater technology from Mr Aziz Merchant (right), ED (Deepwater
Technology), KOMtech; and GM, Deepwater Technology Group
Mr Michael Chia, CoChairman of Keppel-NUS
Corporate Laboratory and
MD (Marine and Technology)
o f K e p p e l O ff s h o re &
Marine, added, “Keppel’s
participation in this initiative
is in line with our aim to
leverage technology and
innovation to be the Provider
of Choice and Partner for
Solutions to the global
offshore & marine industry.
“We have built a global
reputation for innovative
offshore solutions over the
years, and we firmly believe
that this core competency,
strengthened by the research
expertise of academic
institutions like NUS and
supported by the Singapore
Government, will help
sustain our leadership
position as we grow into
the future.” keppelite
Solutions for the future
Laboratory will create
a synergistic industryuniversity partnership to
pursue three main research
thrusts and meet the future
challenges of the offshore
industry. design of semisubmersibles
capable of longer operation
in harsh environments;
and development of core
competencies in drilling
riser technology.
Future Systems
Ultra-deep water and
the Arctic environments
present a unique set
of challenges rarely
encountered in shallow
water developments. The
research thrust on Future
Systems will address these
challenges and focus on
two main themes.
A r c t i c Te c h n o l o g y :
The Arctic has become
a focus of international
attention because of its
rich petroleum and mineral
resources. Understanding
ice-structure interaction
is a critical factor in the
design of Arctic drilling
systems. Ice-interactions
with non-conventional
Arctic structures will be
studied, among others.
Deepwater Technology:
Novel solutions for oil
& gas exploration and
production in deep and
ultra-deep water will be
explored. For example, the
When the “ocean wave
basin”, a facility for
simulating conditions of the
ocean, and other relevant
facilities are completed, they
will strengthen the R&D
capabilities of the corporate
laboratory.
Future Yards
Future Yards will focus on
the theme of Productivity
E n h a n c e m e n t o f Ya r d
Operations, to increase
productivity and reduce
reliance on manual labour
in three main yard activities
– welding, painting, and
operations in confined
spaces. Enhancements will
be achieved with the use of
more efficient production
methods, and the design and
development of automated
systems.
The developed systems
w o u l d c a p t u re h u m a n
e x p e r t i s e a n d i m p ro v e
productivity, quality and
safety while minimising
repetitive and hazardous
jobs.
Future Resources
Rich mineral resources
beneath the oceans are
important future resources
as the supply from land
begins to diminish. The
research thrust on Future
Resources will focus on the
theme of Deepsea Seabed
Nodule Collection to
develop core competencies
in environmental
impact assessment and
environmentally-benign
exploration and collection
of mineral resources in the
deep ocean.
The Singapore Government
is sponsoring the application
of Ocean Mineral Singapore,
a subsidiary of Keppel, to the
United Nations International
Seabed Authority to carry
out exploration works for
polymetallic nodules which
contain precious minerals.
Quality recognitions
Keppel Offshore & Marine’s
yards continue to garner
accolades for excellence in
operations, safety, quality
and sustainability.
In Singapore, Keppel Shipyard
received the Safety Award at
Lloyd’s List Asia Awards held
on 26 November 2013 at
the Raffles City Convention
Centre. It was also nominated
for the Shipyard of the Year
award in recognition of its
operational excellence.
Receiving the award on
behalf of the company,
Mr Chor How Jat, MD of
Keppel Shipyard, shared,
“We are honoured to receive
recognition at this prestigious
award ceremony. We will
continue in our efforts to
enhance our operations and
performances, and to deliver
value-added solutions to
our customers.”
At the event, Keppel Offshore
& Marine (Keppel O&M) was
also the sponsor of the Ship
Operator Award, which was
presented to Maersk Line
by Mr Tong Chong Heong,
CEO of Keppel O&M.
Earlier in the year, Keppel
Shipyard was conferred the
Safety Award at the Lloyd’s
List Awards Global 2013
event and the Safety Award
at Seatrade Asia Awards.
Over in Brazil, for the
second consecutive year,
Keppel’s management and customers attended Lloyd’s List Asia Awards 2013, where Keppel Shipyard was awarded the Safety Award and
recognised for excellence as a nominee for the Shipyard of the Year award
Keppel FELS Brasil’s BrasFELS
shipyard was honoured
with the prestigious PNQS
Award at the third edition of
Prêmio Naval de Qualidade e
Sustentabilidade. BrasFELS
was commended for its
excellence in quality and
sustainability in Brazil’s naval
and offshore industry.
Held on 9 December 2013
in Rio de Janeiro, the awards
were given out by Brazil’s
National Union of Naval
Construction, Repair and
Offshore Industry (SINAVAL)
and nonprofit institution,
ARO Foundation. The
foundation was started
in 2011 to recognise the
contribution of Brazilian
companies to the offshore
and maritime sectors.
(From L-R) Representing Keppel FELS Brasil at the Prêmio Naval de Qualidade e
Sustentabilidade Awards ceremony, Institutional Relations Director Mr Alceu Mariano and
Commercial Director Mr Gilberto Israel received the PNQS Award from Mr Ariovaldo Rocha,
President of SINAVAL
S I N A V A L’s P r e s i d e n t ,
Mr Ariovaldo Rocha noted
that the PNQS Award has
become a benchmark
in the maritime sector.
Complimenting BrasFELS
on its achievements, he
observed, “It is evident that
quality and sustainability are
primary for this company,
which practices and inculcates
these values.” keppelite
Top row (from left): Mr Han Fook Kwang, Managing Editor (English & Malay Newspapers) of Singapore Press Holdings; and Mr Ho Tong Yen, CEO of Sino-Singapore Tianjin Eco-City Investment
and Development Co.; Mrs Eileen Choo, wife of Mr Choo Chiau Beng, CEO of Keppel Corporation; and Mrs Noni Chin, wife of Mr David Chin, ED of Singapore Maritime Foundation; Mr William
Goh, Director (Investment) of Temasek International; and Dr Ong Tiong Guan, CEO of Keppel Infrastructure
Bottom row (from left): Ms Goh Lee Eng and Ms Han Yong Hong, both Associate China Editors of Lianhe Zaobao; Ms Yolanda Guo of GCC; and Mr Choo Chiau Beng, CEO of Keppel
Corporation; Ms Eva Ho and Ms Grace Chia of GCC; Mr Ven Sreenivasan, Associate News Editor of The Business Times; Mr Loh Jun Hong, Keppel-supported violinist; and Ms Kyunghee Park,
Reporter from Bloomberg
Festive flavours
The scintillating company,
s u m p t u o u s s p re a d a n d
smooth live music made
the 2013 Friends of Keppel
party a night to remember.
T h e s o i re e w a s h o s t e d
by Keppel Corporation’s
Group Corporate
Communications (GCC)
to thank Keppel’s business
associates, media and
analyst friends for their
longstanding support.
Themed Noche de Fiesta,
the evening of 12 December
2013 at Serenity Spanish
Bar & Restaurant was
filled with festive cheer
as senior management
mingled with guests, and
enjoyed fine wine and
Spanish cuisine. keppelite
Top row (from left): Mr Tan Swee Yiow, President (Singapore) of Keppel Land; Mr Choo Chiau Beng; Mr Jonathan Law, Deputy Public & Government Affairs Manager of ExxonMobil Asia Pacific;
and Mr Richard Borsuk, Specialist Sub-Editor of Asian Economics Desk in Reuters; Mr Saurabh Chugh, Research Analyst from CLSA Singapore; Mr Leong Wai Mun, Associate Director of Asian
Equity Research in Standard Chartered; and Mr Loh Chin Hua, CFO & CEO-designate of Keppel Corporation
Middle row (from left): Ms Debra Soon, MD of Channel NewsAsia; and Mr Wong Fook Seng, ED (Operations) of Keppel Offshore & Marine; Mr Lim Wei, Research Associate of FIL Investment
Management; Mr Wieta Anton Honoris, Asia Pacific Investment Research Analyst from Goldman Sachs; Ms Ling Xin Jin, Vice-President of Research Team in Morgan Stanley; Mr Daniel Choo,
Mr Choo Chiau Beng’s son; Ms Chan Suan Sim and Mr Roy Tan of GCC
Bottom row (from left): Mr Chow Yew Yuen, COO & CEO-designate of Keppel Offshore & Marine; and Mr Conrad Raj, former Editor-at-large of TODAY; Ms Irene Ngoo, Vice-President of Editorial
Projects (English & Malay Newspapers) in Singapore Press Holdings; and Ms Wang Look Fung, Director of Group Corporate Affairs in Keppel Corporation
Making waves
Mr Choo Chiau Beng (left), CEO of Keppel Corporation and Chairman of Keppel O&M,
presented a token of appreciation to the 11th Keppel O&M Lecture speaker, Professor Chan
Eng Soon, Dean of the Faculty of Engineering and Keppel Professor at the Department of Civil
& Environmental Engineering in NUS
Aimed at inspiring and
encouraging offshore
and marine research and
development in Singapore,
the 11th edition of the
(Keppel O&M) Lecture was
held on 9 December 2013
at the National University of
Singapore (NUS).
The lecture, titled “Extreme
Waves and Wave Impacts
in Deep Waters – What
We Know and Not Know”
was delivered by Professor
Chan Eng Soon, the Dean
of the Faculty of Engineering
and Keppel Professor at
the Department of Civil &
Environmental Engineering
in NUS. He is also the
co-chairman of the newly
set up Keppel-NUS
Corporate Laboratory.
Mr Choo Chiau Beng, CEO
of Keppel Corporation and
Chairman of Keppel O&M,
said “As Exploration &
Production (E&P) activities
move into deeper waters
and harsher environments,
the industry as a whole
needs to address challenges
and develop innovative
solutions for floating systems
for deeper and ultra-deep
waters. It is therefore an
opportune time for today’s
lecture to touch on this
area.”
The Keppel O&M Lecture
is co-organised with NUS
under the auspices of
the Keppel Professorship
in Ocean, Offshore and
Marine Technology. The
Keppel Professorship was
established in 2002 to build
a repository of knowledge
and enhance Singapore’s
position as an international
maritime centre. keppelite
Pact with partners
Continuing their strive for
business excellence through
new avenues to build
win-win partnerships with
its vendors and contractors,
Keppel FELS and Keppel
Shipyard joined 18 other large
organisations on 31 October
2013 to be recognised as
members of the PACT Circle,
a new initiative under the
Partnerships for Capability
Tr a n s f o r m a t i o n ( PA C T )
programme, at the Business
Excellence Awards 2013.
First introduced in 2010 by
the Economic Development
Board of Singapore, the
PACT programme aims to
encourage partnerships
between multinational
companies and local small and
medium enterprises (SMEs)
in the manufacturing sector.
The PACT Circle is the latest
initiative that encourages
large organisations to share
best practices with SMEs
to help them upgrade
their capabilities.
Earlier this year, Keppel
Shipyard had already
started working with some
of its contractors, which are
SMEs, under the PACT
programme to upgrade their
blasting equipment from
manual-operated to a semiautomatic system.
The upgrade will help these
SMEs to reduce the amount
of blasting media needed in
each blasting job by 20 to
30 percent, and also reduce
the overall process time
taken to complete a job by
10 to 20 percent.
To date, three SMEs have
taken up the offer to upgrade
their blasting equipment,
while a few more have
indicated interest. keppelite
Keppel FELS and Keppel Shipyard joined 18 other large organisations to receive recognition as
members of the PACT Circle
Empowering
Lives 33
Empowering
Lives
Soaring team spirits
1
2
3
5
Score
Board
Trophies
garnered:
959 970 791
Team
Atlantic
Grand finale
Bowling
Pool
Soccer
Team
Caspian
Overall challenge
Badminton
Basketball
Darts
Dragon boat
Golf
Netball
Sepak takraw
Tennis
Team
Pacific
Flag design
Cyber games
Table tennis
34 Empowering Lives
Marking 45 years
with 45km
In celebration of Keppel
C o r p o r a t i o n ’s 4 5 t h
anniversary, Keppelites
embarked on a 45km relay
Strengthening bonds with
each step
Senior management get close to the action
Four months of spirited
competition finished with
a flourish at the Keppel
Games Grand Finale on
24 November 2013. A
platform for Keppelites
across business units to
build and strengthen bonds
through sports, the Games
closed with an action-packed
day at Ngee Ann Polytechnic
sports complex.
The season came down to
the wire as Team Caspian
emerged the overall champion
by just 11 points, bringing
home the Overall Challenge
Trophy for the third year in
a row. Meanwhile, Team
Atlantic lifted the Grand
Finale Challenge Trophy.
Marching proud
In an exuberant display
of team spirit, the three
team contingents marched
down the track in the
Parade of Athletes as senior
management, including
cheered on.
Pitch perfect
Even though the soccer
final was an all-Atlantic
run in teams of nine. Living
up to its name, Team F1 from
Keppel FELS clocked 3 hours
16 minutes and 25 seconds
to finish first out of the 20
teams. keppelite
affair, there were thrills and
spills aplenty on the pitch
as the teams vied for the
coveted trophy. It was a tight
contest as Team Atlantic 1
edged out Team Atlantic 2
to win 1-0.
Aquatic ambitions
Boisterous cheering
was heard as Keppelites
took to the pool for the
swimming races. Leaving
the competition in their
wake, Team Atlantic’s speedy
swimmers propelled them to
claim the trophy.
Blistering pace
Explosive bursts of speed
and impeccable teamwork
were on display during the
track races, which comprised
individual and team events.
Teams Atlantic and Pacific
tied for the winner’s trophy
in this extremely close
competition.
Brains and brawn
Teams worked through
entertaining and quirky
challenges involving hula
hoops, giant balls, and trivia
questions, with Team Pacific
emerging as winner of the
telematches.
Boo Chin Tuan was a
Secondary One student
in Victoria School when
his athletics coach told
him, “Run four rounds as
fast as you can.” Now an
Assistant GM (Operations
E x c e l l e n c e / Ta l e n t
Management) at Keppel
Shipyard, Chin Tuan has
logged many miles since.
“Thanks to that coach, I’m
still running today.”
Indeed, joining “Team
KSL 1” for the 45km relay
run came naturally for
the avid runner, who has
participated in the annual
Army Half-Marathon for
the past ten years. The
Keppel Games also brought
about an unexpected
reunion with some of his
army running mates, such
as Giam Hung Loong,
Engineer, Keppel Shipyard.
“It was a real surprise – the
last time we ran together
was five years ago!” Hung
Loong said.
The team started training
two months before the
relay, heading to Jurong
Stadium after work to hit
the track. Their efforts
certainly paid off – they
clocked 3 hours 36 minutes
47 seconds to finish strongly
in second place.
Mr Chow Yew Yuen, COO & CEO-designate of Keppel Offshore & Marine, greets Boo
Chin Tuan, Assistant GM (Operations Excellence/Talent Management) of Keppel Shipyard
Empowering Lives 35
Stellar support system
“Team GCA” in the 45km
relay run, they turned their
focus from number crunching
to pavement pounding.
Team GCA was in a jubilant mood after completing the 45km relay run
The Group Control
and Accounts (GCA)
department at Keppel
Corporation is adept
at running numbers and
reports, but nine of them
were doing running of a
different kind recently. As
Although many in GCA did not
consider themselves regular
athletes, it was not hard
assembling a team. According
to the team captain, Dawn
Chua, “Looking at the relay as
a fun morning exercise, instead
of a competition, motivated us
to try our best.”
For Teo Yee San, Accountant,
spending a Sunday morning
with her colleagues in a
different setting helped her
appreciate their qualities
even more. “I really admired
how everyone persevered
until the end.”
Their teamwork and
Can-Do! spirit were
highlighted by the effort
they poured into cheering
each other on; one even
ran an extra distance
alongside his teammate to
encourage him on. Dawn
shared, “We are and have
always been an extremely
supportive team.”
Veteran still going strong
As Razali bin Sarwi
bounded down the home
stretch of the 45km relay
run, the crowd erupted in
cheers. A veteran of the
Keppel Games, Razali, a
hull section steel worker
from Keppel FELS, has
taken part since its
inception, and has the
medal collection to
prove it.
Despite turning 64 this
year, Razali shows no sign
of slowing down. “When
I see people being active, I
am compelled to be active
too,” he said. Similarly,
his irrepressible energy,
sportsmanship and physical
discipline inspire others.
“He’s a very encouraging
presence on our team. I hope
to remain as energetic when I
reach his age,” said Charlotte
Law, Graduate Engineer
(Production), Keppel FELS,
and Hull Star Team captain.
Having spent 30 years
with Keppel, Razali was
delighted to celebrate
Keppel Corporation’s 45th
anniversary by running with
“Hull Star Team”.
Razali bin Sarwi (second from left) from Keppel FELS embarks on his leg of the 45km
relay run
A committed man, Razali
adheres to a routine of
sleeping at 9.30pm, waking
at 4.30am, and doing 150
push-ups every morning.
While many claim to have
no time for exercise, Razali
is living proof of how the
Can-Do! spirit spurs one
into action. Just ask his wife
– before marrying her at
their afternoon ceremony,
Razali went for a run in the
morning.
36 Empowering Lives
Keppelites present Mr Choo Chiau Beng, CEO of Keppel Corporation, with a montage of photographs contributed by employees. The montage encapsulates what Keppel means to each employee
and the company-wide effort is a testimony of Keppel’s Can-Do! spirit
Afternoon of appreciation
K e p p e l C o r p o r a t i o n ’s
year-end party, held on
12 December 2013 at
Amara Sanctuary Resort
Sentosa, was an afternoon
f i l l e d w i t h t h anks and
appreciation.
chart Keppel’s next lap
of growth.
Opening with a heartfelt
address, Mr Choo Chiau Beng,
CEO of Keppel Corporation,
thanked Keppelites for their
hard work that contributed
to another good year, which
will round up his 42 years of
service in Keppel when he
retires at the end of 2013.
Mr Choo also encouraged
Keppelites to continue
making impacts on their
communities, as the Group
builds successful and
sustainable businesses. He
congratulated Keppelites
for achieving over 8,000
volunteer hours this year,
exceeding the 5,000hour target set earlier in
the year to commemorate
Keppel Corporation’s 45th
anniversary.
Sharing that Keppel’s drive
to constantly improve have
contributed to a stronger,
more resilient and agile
group, Mr Choo called
on all Keppelites to draw
on their Can-Do! spirit to
Dr Lee Boon Yang, Chairman
thanked Mr Choo for his
42 years of service to the
company, and expressed
confidence that the new
leadership at Keppel will
continue the fine tradition of
excellence and take Keppel
to new heights.
Dr Lee said, “Chiau Beng,
through his inspiring
leadership and total
commitment to Keppel, has
been able to mobilise Keppel
in a way that is almost
unimaginable. In 1984,
ship repair and shipbuilding
were deemed to be sunset
industries. Together with the
first generation leaders of
Keppel, he has transformed
Keppel’s business into a
sunrise industry, and built
the company to become a
global leader in its domain in
offshore and marine.
“Chiau Beng will be retiring
with a tremendous sense of
pride, having contributed
towards building this worldclass company, and being
very much responsible in
establishing Keppel’s strong
foundations in many business
areas.”
Keppelites were treated to
a sumptuous buffet spread
at the party organised by
Group Human Resources,
as well as performances
by various departments in
the K-Pop (Keppel-Pop)
competition. The event was
themed “1968 Blaze to the
Future” to recognise Keppel
Corporation’s beginnings
and celebrate the future.
LOYAL KEPPELITES
LAUDED
Four Keppelites were
honoured with Long Service
Awards that afternoon.
Empowering Lives 37
Pauline Tan, Administrative
Executive of Group Control
and Accounts (GCA), was
recognised for 40 years of
loyal service to Keppel.
Ms Tina Chin, GM of Group
Risk Management, received
the 30-year service award.
She shared, “The 30 years
in Keppel have flown by as
there is never a dull moment.
I joined Keppel at a time
when it expanded into
the banking and financial
services as a major pillar of
growth. It has been exciting
experiencing growth,
mergers and acquisitions, as
well as strategic divestments
with the company.”
Teri Liew, Deputy GM of
Group Corporate
1
3
5
Communications, who
received the 10-year service
award, said “As we spend
much of our time at work,
it is the people around you
who make the difference.
Even the management makes
it a point to know your name
here. Sooner or later, you will
also find that you embrace
the culture and what
Keppel stands for.”
Wendy Cheok, Senior
Administrative Assistant
from GCA who also received
the10-year service award,
added, “Keppel is like a
close-knit family to me,
and I treasure the strong
friendships built with my
colleagues dearly.” keppelite
2
4
6
1, 3: Senior management and Keppelites enjoyed rousing performances by talented performers from the various departments
2, 5, 6: Keppelites delighted the audience with enthusiastic singing, dancing and humourous sketches
4: Long Service Award recipients received thanks for their loyal service from Mr Choo Chiau Beng (third from left), CEO of Keppel Corporation. (From left) Ms Tina Chin, GM of Group Risk
Management; Teri Liew, Deputy GM of Group Corporate Communications; and Wendy Cheok, Senior Administrative Assistant of Group Control and Accounts
38 Empowering Lives
Spurring Innovations
Innovating into the new year
Innovation has transformed Keppel and driven it forward to become one of the world’s leading conglomerates. As we prepare to
move into 2014, Keppelites across the Group share some of their aspirations and plans in innovation for the year ahead.
“To maintain our company’s
lead in the industry, we need to
innovate and stay at the forefront.
For 2014, our aim is to come up
with innovative programmes or
processes to reduce cost without
compromising quality, safety
and time.”
Marcos Shinohara
Cost Coordinator
Keppel FELS Brasil
In Health, Safety and Environment
(HSE), we need to be conservative
about preserving the life and safety
of workers. But there is nothing to
stop us from coming up with bold
and innovative ideas to do this, as
long as we test rigourously before
implementation. In 2014, I will help
to gear up people on the ground
and stretch their minds to innovate for HSE solutions that
will not only improve safety, but also be cost effective and
time efficient.”
Bullet Tan Kheng Kee
Assistant GM,
HSE Culture & Capability Building
Keppel Infrastructure
“Innovation requires the courage to
change our mindset and step out of our
comfort zone. Amidst challenges faced
in Vietnam, we have to incorporate
innovative marketing ideas in promoting
our properties. In the coming year, I look
forward to grow with the local team and
tap on innovation to achieve more.”
Frankie Tan Sow Lau
Manager, Marketing
Keppel Land, Vietnam
“Innovation is a continuous
process that is perhaps 10%
inspiration, 10% ingenuity
and 80% hardwork. As part of
Keppel Shipyard’s Innovation
Club, we have to take the
lead to embrace a culture of
innovation in Keppel Shipyard
and constantly improve work
processes. My aim in 2014 is to
supplement our people’s hard
work with an environment to
spur inspiration and ingenuity to enhance efficiency.”
Thomson Tng
Project Manager (Commercial)
Keppel Shipyard
Empowering Lives 39
“My team and I have been
engaging various business
units in the Group and we
sense a lot of excitement for
the possibilities that recent
advances in information
technology (IT) have opened
up. We will continue to work
hard in 2014 to understand
the diverse requirements and
concerns of our users. I believe
that together, we can leverage
IT and build platforms that will
allow Keppelites to collaborate,
innovate and achieve more
breakthroughs.”
“To sharpen our focus on
innovation, we will continue
to encourage new ways of
thinking and welcome fresh
ideas. We strive to draw
synergies through effective
i n t e g r a t i o n o f d i ff e re n t
operations, and are committed
to grow Wuhu Sanshan Port
into a world-class port operator
and integrated logistics services
provider.”
Kuang Ping Jian
Assistant GM (Projects & Operations),
Wuhu Sanshan Port Company
Keppel Telecommunications & Transportation
Mr Jacob Tong
GM, Group Information Systems
Keppel Corporation
“In 2014, I will continue to
support the innovative culture
amongst my team members by
facilitating open communication
and fluid exchange of ideas.”
Kenix Tok
Executive (Projects), Regional
Investments
Keppel Land (based in Yangon)
“Vision, passion, tenacity and
innovation have shaped Keppel
to what we are today. As we
look towards 2014, I encourage
Keppelites to continue to
challenge ourselves to think
and see things from a different
angle. Harnessing technology
and adopting an innovative
mindset, we will continue to
stimulate vibrant discussions
and inspire new ideas to push
boundaries for the future.”
Grace Chia
Senior Manager, Group Corporate Communications
Keppel Corporation
“At Keppel DHCS, we are
constantly exploring new
technology and modes of
operation to improve energy
efficiency of the plants. In
the year ahead, I endeavor to
encourage inter-department
collaborations to generate fresh
ideas and perspectives.”
Wong Toon Soon
Operations Manager
Keppel DHCS
“In the new year, I will strive to be a
catalyst for change, positively responding
and adapting to it, and at the end,
tapping it as an opportunity. I hope to
push myself to greater heights and not
be afraid of making mistakes. I hope to
apply this drive to different aspects of life,
and not just work.”
Nicholas Lam
Executive, Risk Management
Keppel Land
40 Empowering Lives
Cherished memories
It was a fun-filled day to
remember as Keppel Offshore
& Marine (Keppel O&M) held
its Family Day on 1 December
2013 at Tanjong Beach,
Sentosa.
The event, themed
“Memories”, was a platform
for Keppelites to spend quality
time with their families and
to bond with colleagues.
Keppelites took a walk down
Memory Lane at a booth that
showcased the milestones
of Keppel O&M. The Keppel
O&M story was also brought
to life in a series of energetic
performances by Keppelites
and their children.
Passion was very much in the
air as many spontaneously
volunteered to showcase
their singing and dancing
talents on stage. The
performances concluded
with a rousing finale which
had the audience up on
their feet and joining in
the dance.
Mr Tong Chong Heong,
CEO of Keppel Offshore &
Marine, shared “At Keppel,
we believe that a company
is only as good as its people.
They are the lifeblood of
our growth and future. We
know that families matter
to our Keppelites so we
will make every effort to
help the families of all
Keppelites thrive. The Keppel
O&M Family Day is one
of many initiatives put in
place to foster a pro-family
environment.” keppelite
Empowering Lives 41
People-building
With people as its most
valuable asset, Keppel is
committed to nurture its
talent pool. A range of
workshops was organised for
the employees at BrasFELS
to reinforce core values
and empower them with
leadership skills.
Dr Lee Chay Hoon,
GM (Organisational
Development), Keppel
O&M), together with Wang
Xueli, Assistant HR Manager,
Keppel O&M, and Renata
Santos, HR Supervisor,
BrasFELS, conducted
training programmes, “The
Art of Decision Making”
and “People Leadership
Workshop”, in BrasFELS from
29 to 31 October 2013.
30 engineers attended “The
Art of Decision Making”
programme, which touched
on tools such as casebased decision analysis, and
brainstorming mechanics.
Applying some of these
tools, the participants of the
workshop developed ideas
for improving processes such
as supply chain, knowledgesharing, welding consumables
estimation, energy wastage
reduction, and information
management.
Meanwhile, 61 engineers
attended the “People
Leadership Workshop” where
Keppel O&M’s heritage and
A range of workshops was organised for the employees at BrasFELS to reinforce core values and empower employees with leadership skills
core values were reinforced
among the participants as
they engaged in various
teambuilding activities.
Encouraging the participants,
Mr Low Tiau Tong, Director
(Special Duties), BrasFELS,
said, “Teamwork is important
to our operations. We must
actively offer assistance to
our colleagues. Sense of
ownership is also imperative
and we must ensure that
we see each process to
completion.”
During the workshops,
Dr Lee urged participants
to be inquisitive and learn
as much as they can. She
emphasised that adopting
such positive attitudes
will enable employees to
stretch themselves and seize
opportunities presented by
Keppel O&M for employees
to excel and grow.
remarked, “The People
Leadership Workshop
provided me with a better
understanding of team
dynamics. I now have a
better appreciation of the
different strengths and
perspectives of my team
members. More importantly,
I have learnt how to
harness these differences
for greater synergy.” keppelite
One of the workshop
participants, Raphael
Ribeiro, Painting Section
Trainee Engineer at BrasFELS,
42 Empowering Lives
Keppelites Abroad
Piecing the puzzle
Like most people, Tracy
Pham felt uncertain as she
stood at her first career
crossroad after receiving her
certificate from the National
University of Singapore.
Armed with a good degree
in Business Administration,
the world was her oyster.
But faced with a surfeit of
choices, she could not even
begin to piece together
what she wanted from her
career and life.
Her first few years were
spent exploring. Hailing from
Vietnam and having studied
in Singapore for 3 years, she
was equally comfortable in
both countries and tried
out jobs in Hanoi as well as
Singapore.
She honed her business
and finance acumen with
McKinsey and ANZ in analyst
roles. She pursued her
passion for the environment
with the British Embassy in
Hanoi as an economist and
climate change officer. In
each job, she experienced a
different aspect of work that
she loved.
Then, everything clicked
together when she joined
& Tr a n s p o r t a t i o n a s a
strategic development
executive in 2011. In her
c u r re n t ro l e , s h e f e e l s
challenged with the business
development and corporate
reporting functions that
she deals with every day.
At the same time, she takes
on her corporate social
responsibility portfolio with
gusto as she feels strongly
about the environment.
“I am deeply passionate
about the environment and
sustainable urbanisation,”
Tr a c y s h a re d . “ H a v i n g
visited various cities around
the world, I can see the
huge differences made to
people’s quality of living
when cities plan and grow
with the environment in
mind. After staying in
Singapore and working in
Keppel for some years, I
can now appreciate the
importance of having
sustainability feature
strongly in long term
visions, and I think we
ought to continue raising
awareness levels so that we
can preserve our world for
future generations.”
Tracy applies the green
mindset not only at work,
but with her family as well.
“On weekends, you’ll find
me with my husband and
our daughter at the
Singapore Botanical Gardens,
the zoo, the bird park – any
Passionate about sustainability and the environment, Tracy is inculcating the same love for
nature in her young daughter, Pippi, with regular visits to parks such as the Jacob Ballas
Children’s Garden at the Singapore Botanical Gardens
place with a natural outdoor
setting,” she beamed. “We
love the nature, and we
think it’s very important to
inculcate the same love in
our daughter from young.
In fact, we have already seen
our efforts pay off, because
the first pictures that our
daughter has started to
recognise in books are those
of animals!”
At home, she is also
a c h a m p i o n f o r g re e n
practices. “My husband
has been ticked off by me
many times - whenever he
forgets to turn off the lights
or recycle plastic bags,”
she joked.
Tracy credits her overseas
experience for broadening
her perspectives. “If I hadn’t
worked in different places, I
may still be functioning with
the narrow view of short
term economic gain,” she
said. But she acknowledged
the difficulty of having to
uproot herself to work in
another country. “I miss my
family and friends back in
Vietnam. I miss the taste of
my hometown food. And
I cannot find Vietnamese
snail soup anywhere in
Singapore!
“But fortunately I have my
husband and daughter here
with me, and I get to work
for a cause that I believe
in. I am glad that these big
pieces of the complex puzzle
of life are already in place for
me. The other smaller pieces
will sort themselves out.”
keppelite
Empowering Lives 43
Growing leaders
With people development as a key priority for the Group, Keppelites continue to tap
on the multitude of opportunities available to hone their leadership and professional
skills and strengthen relationships
Sharpening skills
Keppelites sharpened their
leadership skills through the
Outward Bound Singapore
programme from 28 to 30
November 2013. Wang
Ruolin, Senior Associate,
Group Inter nal Audit
said, “Besides enjoying a
fun-filled experience, we
gained insight into aspects
of effective leadership,
such as how to spur your
t e a m o n a n d motivate
yourself and others during
difficult times.”
Meanwhile, 20 Keppelites
honed their corporate
finance skills through the
Keppel Financial Acumen
for Non-Finance Managers
programme, held from 11
to 13 December 2013.
Participants enhanced their
ability to evaluate financial
performance and manage
costs through analyses of
financial statements.
Enriching exchanges
Keppelites shared reflections
on 2013 and aspirations
for 2014 during the
11 December 2013 run
of TalenT ime hosted by
of Keppel Corporation.
During the lively discussion at
Keppel Corporation, senior
management urged young
leaders to continuously
improve themselves.
On 10 December 2013,
finance personnel
from Keppel Offshore &
Marine shared their most
significant accomplishments
over breakfast with
Mr Loh Chin Hua, CFO and
CEO-designate of Keppel
Corporation.
gathered together to watch
the action thriller film,
Captain Phillips, at Great
World City on 30 November
2013.
Members and their families
interacted with one another
and senior management,
including Mr Tong Chong
Heong, Senior ED of Keppel
Corporation, and Mr Chow
Yew Yuen, COO and CEOdesignate of Keppel O&M.
Mr Ivan Lim, President of
Keppel Young Leaders’ main
committee and Assistant
GM (Operations) of Keppel
Shipyard, encouraged
members to seize the
opportunities offered for
their career and personal
development. keppelite
Teo Kai Soon, Accountant
of Keppel O&M, valued the
opportunity to interact with
senior management and other
participants. “Their different
experiences highlight the
diverse opportunities we
have in Keppel.”
Mingling at the
movies
More than 150 members
of Keppel Young Leaders
Keppel Young Leaders mingled with senior management at the movie event
Keppelites bonded during the Outward Bound School programme
Nurturing Communities
44 Nurturing Communities
Nurturing arts appreciation
W ith a commitment of
$360,000 over two years,
Keppel Corporation partnered
Esplanade – Theatres on
the Bay in relaunching its
Keppel Nights programme
to support the centre’s
efforts in cultivating life-long
arts engagement among
the young.
The programme will see
students from some 20
Singapore heartland schools
benefit from access to arts
performances presented by
Esplanade.
Keppel Nights, launched
by Keppel Corporation in
2008, was a first-of-its-kind
sustained ticket subsidy
programme to nurture an
audience for the arts. It has
supported over 200 shows
and benefited over 15,000
arts goers.
M s Wa n g L o o k F u n g ,
Director of Group Corporate
Affairs, Keppel Corporation,
said, “Keppel Nights aims
to nurture in our young an
appreciation of various art
forms. In making available
a wide and diverse range
of arts and cultural events
to students, we hope to
inspire them and catalyse a
life-long engagement with
the arts. This sits very well
with Keppel Corporation’s
45th Anniversary theme of
‘Shaping the Future’.”
The new partnership for
Mr Choo Chiau Beng (third from left), CEO of Keppel Corporation, presented a donation of $360,000 to Esplanade, received by Mrs Mildred
Tan (third from right), Esplanade’s Board Director, at the relaunch of Keppel Nights at Esplanade, together with beneficiaries from Singapore
schools
Keppel Nights was launched
on 23 November 2013,
with some 50 students from
Bedok Green Secondary
School, Riverside Secondary
School and Bukit Panjang
Primary School invited to
watch the world-class Bolshoi
Ballet from Russia perform
Tchaikovsky’s Swan Lake at
the Esplanade Theatre.
Mr Lim Ewe Leong, Director
of Partnership Development,
Esplanade, said, “We are
grateful to K e ppel for
their generous gift. Keppel
Nights will enable more
young people to experience
quality arts programmes
and enhance our efforts
in building life-long arts
engagement.”
Mr Lim Yu Kee, Principal
of Bedok Green Secondary,
said, “ In embracing the arts,
we hope to develop in our
Aspiring young dancers received a once-in-a-lifetime opportunity to watch the world-famous
Bolshoi Ballet perform Swan Lake at the Esplanade, thanks to the Keppel Nights programme
students the confidence to
express themselves, foster
their creativity and enhance
their understanding of
different cultures.
“We are pleased to be
selected as a beneficiary
of Keppel Nights, and we
believe that our participation
in the programme will enrich
our students’ education and
inspire them to achieve
g re a t e r h e i g h t s i n t h e
performing arts sphere.”
As one of the world’s busiest
arts centres, Esplanade
offers a diverse range of
programmes that cater to
all audiences. These include
festivals and series presenting
music, dance, theatre and
the visual arts, with special
emphasis on Asian culture.
keppelite
Nurturing Communities 45
Vibrant impressions
The Keppel 2014 Calendar, “Vibrant Impressions,” showcases the vitality and diversity of Asia’s rich cultural heritage
through 12 artworks selected jointly with National Art Gallery, Singapore. Taken from the National Collection, Singapore,
these artworks from Singapore, China and Southeast Asia reflect the Asian component of Keppel’s global presence. Keppel
has committed $12 million to National Art Gallery, Singapore, to establish the Keppel Centre for Art Education. Keppelite
highlights three of the featured artists and their artworks.
Liu Kang, Singapore – Life by the River
1975. Oil on canvas. 126 x 203 cm. Gift of the artist. National Collection, Singapore.
One of Liu Kang’s iconic
pieces, Life by the River, is a
classic example of artwork
done in the Nanyang style,
incorporating influences from
Asian and Euro-American art
traditions with a Southeast
Asian subject matter. Here,
Liu depicts a bustling local
kampong scene.
The figures, which have been
created with flat blocks of
colour and thick outlines,
have been left faceless.
Rather, it is their strong
colours – yellow, red and cool
blue – that stand out from
the mainly brown and black
landscape, achieving a sense
of depth in the painting.
About Liu Kang
Born in China, Liu Kang
(1911-2004) migrated to
Malaya in 1937. He was
trained at the Shanghai
Academy of Fine Arts and
the Académie de Grande
Chaumière in Paris. In 1952,
he went on a landmark
trip to Bali with fellow
painters Chen Wen Hsi,
Chen Chong Swee and
Cheong Soo Pieng in search
of a visual expression that
was uniquely Southeast
Asian.
Liu was known for developing
the Nanyang style in his
artworks on Southeast
Asia and the idyllic tropical
lifestyle of its people. Besides
serving as President of the
Society of Chinese Artists,
Wu Guanzhong, China – A Metropolis (II)
2005. Ink and colour on paper. 50.5 X 69 cm. Gift of the artist. National Collection, Singapore.
Liu was a founding member
of the Singapore Art Society.
In 1970, he was conferred
the Public Service Star for his
contributions to art.
Wu valued form as an
important component in
art appreciation, seeing
beauty in formal visual
elements such as lines,
shapes, colours, texture and
composition. A Metropolis (II)
is characteristic of Wu’s
synthesis of Chinese ink
painting conventions with
the sensibilities associated
with Euro-American abstract
expressionist oil painting.
In the 1990s, Wu embarked
on a series of paintings
influenced by Hong Kong’s
n a r ro w s t re e t s , d e n s e
cityscape and cosmopolitan
energy. This work pays
homage to this source
of inspiration, deploying
geometric shapes amidst a
latent rhythm of contrasts,
balance and solidity of the
architectural landscape that
is Hong Kong.
About Wu Guanzhong
Wu Guanzhong (19192010), one of the foremost
painters of Chinese modern
art, was renowned for
synthesising Asian and
Euro-American oil painting
techniques, pushing the
boundaries of abstraction
in the mediums of ink and
oil painting.
While his works received
a mixed reception during
the Cultural Revolution, he
later gained recognition as
a cornerstone of national
Chinese culture. Skilled with
both the brush and pen,
Wu was also a prolific writer
and intellectual. In 2007, he
gave his largest donation
of artworks to Singapore’s
National Heritage Board.
Chuah Thean Teng, Malaysia – Untitled (Batik workers)
1960. Batik. 73.3 x 88 cm. National Collection, Singapore.
In Untitled (Batik Workers),
Chuah pays tribute to the
nameless batik artisans
who had been working with
the medium generations
b e f o re h i m . T h e w o rd
“batik” means “printing
i n w a x . ” H e re , C h u a h
depicts the various batik
processes, including
applying wax using the
“canting” tool.
Chuah uses shades of
orange and red to capture
the vibrancy in working with
dyes at a busy workshop.
Curvilinear lines and dots
adorn the textiles and skin of
the craftsmen, accentuating
the creativity of the patterns.
It conveys rhythm, energy
and a deep appreciation for
the medium – one which
C h u a h re c o g n i s e d n o t
only as craft but as an art
form itself.
About Chuah Thean Teng
Born in China, Datuk Chuah
Thean Teng (1912-2008)
migrated to Penang in 1932.
He graduated from the Amoy
Fine Arts Academy in China
and, fascinated by the batik
sarong worn in the kampong,
learnt the batik technique
in Sumatra, Indonesia. He
subsequently pioneered the
use of batik as a medium,
creating a unique visual
language and leading the
way for the next generation
of artists to further explore
batik as a viable medium
in the fine arts context.
Chuah is recognised today
as “The Father of Batik.”
keppelite
Go on giving
As we come to the close of 2013, there is no let-up in the efforts by Keppelites
around the world to contribute to the communities they operate in.
Singapore
On 22 November 2013,
about 50 Keppelites joined
the Singapore Exchange’s
(SGX) Bull Charge 10th
Anniversary Run.
Mr Thomas Pang, CEO
of Keppel Infrastructure
Fund Management,
Trustee-Manager of K-Green
Trust participated in the
Chief Challenge. Keppel
Data Centres supported
the run as an institutional
sponsor.
Graced by President Tony Tan,
the event raised more than
$3 million for four charities,
which are Asian Women’s
Welfare Association,
Autism Association
Singapore, Fei Yue Community
Services and Shared Services
for Charities.
Over at Keppel Land, staff
rallied to collect pre-loved
i t e m s f ro m f a m i l y a n d
friends in a donation drive
with the Salvation Army.
As part of the company’s
corporate giving initiative
during Christmas, clothes,
toys and electronics were
collected between 11 and
13 December 2013. The
items will be contributed
to humanitarian aid
efforts in disaster-stricken
communities.
In another drive held with
the Singapore Red Cross,
Keppel Land employees
raised funds in aid of victims
of Typhoon Haiyan in the
Philippines.
Separately with the
Community Chest of
Singapore on Giving Tuesday,
3 December 2013, Keppel
Land staff raised funds for
the less fortunate. Keppel
Land employees also brought
their children along for a
sharing session by Director of
Corporate Services at Keppel
Land, Mr Choo Chin Teck, to
inculcate the spirit of giving
in the young ones.
President Tony Tan (left) met the corporate chiefs, including Mr Thomas Pang (right), CEO of
Keppel Infrastructure Fund Management, Trustee-Manager of K-Green Trust, at the SGX Bull
Charge 2013 (Photo courtesy of Ministry of Communications and Information, Singapore)
Giving Tuesday is a global
movement to create a day
of giving at the start of the
annual holiday season held
on the Tuesday following
Thanksgiving. It celebrates
and encourages charitable
activities. Singapore is the
first country in Asia to
support Giving Tuesday.
For the monetary donation
drives in December, Keppel
Land matched the amount
raised by its employees
for contribution to the
respective charity
organisations.
Vietnam
Riding on the success of
the outreach efforts in Hanoi
last year, Keppel embarked
on the third Words on
Keppel Land staff and their children celebrated Giving Tuesday on 3 December 2013 and
raised funds for the less fortunate
Wheels (WoW) volunteer
trip from 23 to 24 November
2013.
A mobile library project
sponsored by Keppel Land
in partnership with the Hanoi
Public Library, WoW aims
to help local communities
by promoting a culture of
reading amongst villagers in
Vietnam.
The trip saw 25 Keppelites
from Keppel’s business units
in Singapore and Vietnam
coming together in the spirit
of volunteerism to travel with
the mobile library to Van
Kim Elementary School in
the village of Ngam, My Duc
District, 80 km southwest
o f H a n o i . T h e re , t h e y
organised outdoor games,
performances as well as
art and craft activities for
about 400 students from the
village school.
Showing strong support,
Keppel Land’s DGM of
Marketing, Ms Sally Tan, said,
“It was indeed a humbling
and enriching experience
to enjoy the eagerness and
simplicity of the village
children.”
Said Sydney Wu, Assistant
Manager at Keppel REIT,
“I feel truly lucky to have
been given this opportunity
to embark on this volunteer
trip with Keppel, and to
interact with the villagers.
They taught us how to
enjoy the simple pleasures
in life.”
Before saying their goodbyes,
the volunteers presented
a box of stationeries and
candies to the school. Philippines
Keppel Batangas
Shipyard together with
other c ompanies , ci vi c
organisations and schools
marched in Alay Lakad, in
an initiative to raise funds
for out-of-school youths to
pursue further education.
This event was organised by
Alay Lakad Association of
Bauan (ALAB).
In addition, this year, Keppel
Batangas Shipyard will be
providing 25 youths with
ALAB-Keppel scholarships
to train at Keppel Batangas
Training Center in technical
areas such as structural
welding, marine metal
scaffolding, rigging and
signaling. Upon completing
the programme, they will
have opportunities to be
employed in projects at
Keppel Batangas Shipyard.
“We thank Keppel
Batangas Shipyard, our
Keppel Volunteers embarked on the third Keppel Land-sponsored Words on Wheels (WoW)
trip to spread the joy of reading to village children
long time partner in
community-building
projects here in Bauan,
Batangas, the Philippines,”
said Mr Richard Cabral,
ALAB President.
“Our partnership with the
local government stems
from our shared goals
to nurture and grow the
local community. We hope
to help make a positive
impact on the lives of these
youths and transform them
into productive members
o f s o c i e t y, ” s h a r e d
Mr Boey Thim Ming, Senior
VP, Shipbuilding, Keppel
Batangas Shipyard.
USA
Since its inception in 2004,
the Keppel AmFELS Annual
Charity Golf Tournament
has become a highly
anticipated affair in
Brownsville. Over 65 vendors
participated with registered
teams or donations, and
a total of 176 players
enjoyed a round of golf
for charity at this year’s
tournament held on
26 October 2013.
Three charities received
$20,000 each from the
funds raised. These include
Friendship of Women, an
organisation that provides
shelter to victims of domestic
violence and their families;
Proyecto Juan Diego, an
agency that runs tutoring
and health services for low
income families; and the
Keppel AmFELS Scholarship
Fund for the University of
Texas at Brownsville. With the donations raised
from the 2013 edition of the
event, the Keppel AmFELS
Annual Charity Tournament
has now reached half a million
dollars in contributions to
the Brownsville community
since 2004.
The United Way of Southern
Cameron County also
recognised Keppel AmFELS
for reaching the Two Million
Dollar milestone in employee
donations by presenting
a picture frame of Keppel
AmFELS employees proudly
wearing their ‘Live United’
T-shirts. keppelite
Employees of Keppel Batangas Shipyard marched in Alay Lakad, an annual fundraising
initiative to support further education for out-of-school youths
Film fiesta
By turns moving, funny and
thought-provoking, the films
for the Keppel Latin American
Film Festival 2013 lit up
screens at The Cathay from
28 November to 1 December
2013. Keppel Offshore &
Marine (Keppel O&M) was
the presenting sponsor of
this annual festival.
Organised by the embassies
of Brazil, Chile, Costa Rica,
Ecuador, Mexico, Panama,
Peru and Venezuela, and
the Honorary Consulate
of Colombia, the event
showcased nine awardwinning films, one from each
organising country.
Addressing an illustrious
crowd of diplomats and
business associates at the
opening reception on
27 November 2013, H.E.
Mr Luis Fernando de
Andrade Serra, Brazilian
Ambassador to Singapore,
thanked Keppel for its
generous support for the
past two years.
Keppel O&M’s two shipyards
in Brazil and the recentlyinked Memorandum of
Understanding with PEMEX
to jointly develop a yard
in Mexico bear testament
to the company’s strong
business ties in the region. As
the sponsor of many other
Latin American events in
Singapore, Keppel continues
to foster a vibrant cultural
and social exchange between
Latin America and Singapore.
keppelite
Ode to oldies
The Hokkien song
“欢喜就好” (“Being happy
will suffice”) summed up
the day for 14 Keppel
volunteers and 30 elderly
folks from the Telok Blangah
Crescent branch of THK
Seniors Activity Centre, who
spent it singing karaoke at
Marina at Keppel Bay on
16 November 2013. The
session was organised by
Keppel Volunteers.
For Vincent Chan, a
volunteer from Keppel
Shipyard, the song made
him pensive as he quoted
Welsh poet William Henry
Davies, “What is life if, full
of care, we have no time to
stand and stare?”
And a day of happiness
was what V incent was
determined to enjoy, as he
belted out oldies with the
elderly friends he made.
“It was actually quite a
challenge,” commented
Vincent, “because I had to
try very hard to keep up with
one of the ‘uncles’ in his
late-70s as he sang and
danced energetically to his
favourite songs!”
But it was a day well spent
with both the elderly and
the volunteers beaming with
smiles and cherishing the
simple pleasures of life. As
they say, being happy will
suffice. keppelite
Keppel volunteers sang and danced to popular oldies together with the old folks from the THK Seniors Activity Centre at a karaoke session held at Marina at Keppel Bay
Christmas with
a heart
This festive season, Keppel
Vo l u n t e e r s r a l l i e d t h e
Group to spread joy to the
underprivileged through a
range of activities, including
an arts fiesta, a walkathon,
Christmas celebrations and
a blood donation drive.
On 23 November 2013, 11
children and their families
from the KK Women’s and
Children’s Hospital enjoyed
an Arts Fiesta organised
by the Keppel Volunteers
in Marina at Keppel Bay’s
Island Suite.
In the suite overlooking the
picturesque view of the bay,
the children and their families
got creative with sand art
pieces and made balloon
sculptures as well.
“Art provides not only a
platform for expression, but
also an avenue for relief. We
are happy to be able to take
the families’ minds off their
worries. The families were
appreciative of the special
day away from routine,
and we hope that the
Arts Fiesta helped lift their
spirit this festive month,”
commented Michelle Sun
Haiyan, a volunteer from
Keppel Land.
On 7 December 2013, a
group of 18 students from
APSN Katong School and
22 volunteers participated
in a 1.5 km walkathon
along Orchard Road,
organised by the Children’s
Charity Association to raise
funds.
Our dedicated members in Keppel
Volunteers have contributed
significantly to the 8,000 hours of
community service clocked by Keppel
Group this year, and we are ecstatic as
this far exceeds the 5,000 hours pledged
to President’s Challenge earlier! We will
continue to spread volunteerism, make
a difference and do our bit for the
underprivileged.
Kwok Yan Hoe
Chairperson
Keppel Volunteers
After enjoying a refreshing
mor ning walk with the
children, the group had
the opportunity to perform
a mass dance on Orchard
Road as passers-by cheered
them on.
For the elderly folks at THK
Seniors Activity Centre in
Telok Blangah Crescent,
14 December 2013 was a
day of scrumptious food
and an exciting game (“The
Price is Right”), wrapped
with favourite tunes and
topped with thoughtful gifts.
The lively exchanges and
interactions between the
volunteers and the elderly
proved to be the most
memorable and rewarding
part of the day.
This festive season, Keppel Volunteers rallied the Group to spread joy to the underprivileged
through a range of activities, including an arts fiesta for children and their families from the
KK Women’s and Children’s Hospital
Mr Kwok Yan Hoe, Chairperson
of Keppel Volunteers, said,
“Our dedicated members
in Keppel Volunteers have
contributed significantly to
the 8,000 hours of community
service clocked by Keppel
Group this year, and we are
ecstatic as this far exceeds
the 5,000 hours pledged
to President’s Challenge
earlier! We will continue to
spread volunteerism, make a
difference and do our bit for
the underprivileged.”
Meanwhile, the Keppel Group
Blood Donation Drive was
conducted at multiple Keppel
facilities over the island from
17 to 20 December 2013. This
is an annual drive organised
by Keppel Volunteers and
supported by the Health
Sciences Authority. While
Christmas is the season of
celebration, it is also when
Singapore’s blood bank
would usually face shortages,
and the drive was timed to
help replenish the blood
bank. keppelite
BackPage
52
Fortifying Mexican fleet
Keppel FELS delivers fourth KFELS B Class jackup rig to Mexico since 2012 with
another eight to be delivered through to 2015.
Keppel FELS has delivered to
Constructora y Perforadora
LATINA (CP LATINA) a second
KFELS B Class jackup rig early
and with a perfect safety
record.
The rig was named La
Covadonga by the Lady
Sponsor Ms Rosario Del
Valle Toca at a ceremony at
Keppel FELS on 29 November
2013.
La Covadonga will soon
proceed to Mexico to support
the operations of Petróleos
Mexicanos (PEMEX),
the Mexican national oil
company.
“Today, the KFELS B Class
is the industry standard for
robust and cost-effective
solutions for shallow waters.
As Mexico’s oil and gas
programme continues to
grow, we believe that the
Thumbs up for another immaculate delivery by Keppel to CP Latina. (Front row, from L-R) Mr Pedro Silva, Sub-Director of Management of
Technical Resources, Pemex; Mr Chow Yew Yuen, COO and CEO-Designate of Keppel O&M, Lady Sponsor Ms Rosario Del Valle Toca; Mr Adolfo
del Valle Ruiz, Honorary President of CP LATINA; Mr Wong Kok Seng, MD of Keppel FELS; and Mr Carlos Ruiz, Board Member of CP Latina
KFELS B Class will increasingly
be a choice solution for
owners and operators in
the region.”
offshore energy industry.
Keppel FELS and the KFELS B
Class have proven to be the
right choices for us.”
M r C a r l o s R u i z , B o a rd
Member of CP LATINA,
said, “We were looking
for a yard that could meet
our considerations for
project timeliness and costefficiencies. In addition, we
wanted to anchor our fleet
with rigs of a robust design
that would provide us with
an advantage as we establish
our presence in Mexico’s
I n O c t o b e r t h i s y e a r,
Keppel O&M signed
a Memorandum of
Understanding with
PEMEX Exploracion y
Produccion (PEP) and P.M.I.
Norteamérica, S.A. de C.V.,
both subsidiaries of PEMEX,
to jointly develop, own and
operate a yard facility in the
Port of Altamira, in Mexico.
The first phase of the project
is to support the construction
of six KFELS B class jackup
drilling rigs for PEP.
Mexico’s proven reserves of oil
and gas at the start of 2013
is almost 14 billion barrels
of crude-oil equivalent.
PEMEX announced plans
to add between eight and
12 offshore platforms to its
drilling fleet earlier this year
and unveiled investment
plans of US$25.3 billion for
2013, of which US$20 billion
will be targeted at upstream
activities. keppelite
Printed on recycled paper
Mr Wong Kok Seng, MD
(Offshore) of Keppel Offshore
& Marine (Keppel O&M) and
MD of Keppel FELS, said,
“The successful delivery of La
Covadonga bears testament
of the strong trust and
rapport between Keppel
and CP LATINA. We are glad
for the opportunity to be
CP LATINA’s partner in the
construction of its first two
rigs, and for the KFELS B
Class to be the basis of the
company’s rig fleet.

December 2013 - Keppel Corporation

Transcription

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