June 2015 - Keppel Corporation

Transcription

June 2015 - Keppel Corporation
June 2015
www.kepcorp.com/ekeppelite
Seabed exploration
milestone 6
Thriving through
innovation 22
K-Star winner
crowned 34
First-ever triple naming
MCI (P) 133/02/2015
14
28
43
Contents
SUSTAINING GROWTH
World’s first triple rig naming ceremony
4
Ocean Mineral Singapore awarded
seabed exploration contract
6
Leading sustainability performer
8
Winning safety innovations
Hallmarks of excellence
9
Yard of choice
10
Promoting industry growth
11
Purpose built
Strengthening networks
12
Technology insights
13
Networking in Norway
14
Showcase in Azerbaijan
15
A win-win relationship
Strong ties, best practices
16
Telling the Singapore Maritime story
Keppel Cover gears up for launch
17
Sharing of lessons learned
18
Reaffirming safety goals
Unified platform
19
Boosting pandemic preparedness
20
Promoting the growth of REITs
21
Gelling through golf
Special FOCUS
Thriving through innovation
22
Spurring Innovations
Eye on safety
25
EMPOWERING LIVES
Platform for exchange
26
Scoring high
28
Insights into China
31
Model employees
32
Loyal service
Unbreakable sporting spirit
33
K-Star Search has its winner!
34
Keppelites Around the World
Global citizen
37
Family time over dinner
38
NURTURING COMMUNITIES
Care in the community
39
Sowing environmental awareness
40
Carnival with a cause
42
Keppel Volunteers
Nourishing lives
43
BACK PAGE
First Keppel DC REIT acquisition
44
Cover image: Celebrating the world’s first triple rig naming are Mr Chan Chun Sing (seated), Minister, Prime Minister’s Office, and SecretaryGeneral, National Trades Union Congress; (first row from L-R) Mr Chow Yew Yuen, CEO, Keppel Offshore & Marine (Keppel O&M); Lady Sponsor
Ms Mariella Garza; Mr Ramiro Garza Vargas, CEO of Grupo R; Lady Sponsor Ms Karla Garza; Lady Sponsor Mrs Gabriela Garza; and Mr Loh
Chin Hua, CEO, Keppel Corporation, and Chairman, 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
Say Huan Yuan
Editorial Committee
Aaron Bay, Ang Lai Lee, Brian Higgs, Candice Low, Carol Huang, Cheryl Goh, Chew Chong Peng, Donald Sng, Daryl Soo, Eileen Tan, Elizabeth Widjaja, Frances Teh,
Gabriela Hott Soares, Grace Chia, Hayley Teo, Hoo Yao Lin, Ivana Chua, Jayne Yeo, Kevin Ho, Lee Wan Jun, Maria Rutz, Mia Liu, Priscilla Chong, Razali Maulod, Roy Tan,
Serena Toh, Song Jia Jia, Sue Ann Huang, Tang Yi Bing, Teri Liew, Tracy Pham, Woon Pek Yong, Yolanda Guo
Keppelite I June 2015
CO REG NO: 196800351N
Editorial
Fostering innovation
as second nature
Innovation
has propelled Keppel to
accord recognition to good innovation efforts that
leadership in its businesses. Our KFELS B Class rig
could potentially lead to profound changes in our
has set a global benchmark as the most used rig
business, even as they are yet to be profitable.”
design in the industry while Keppel Land has built
iconic landmarks in key cities around the globe.
We need channels to generate and share ideas, big
Carving our niches, we have turned challenges into
and small, as well as to source ideas from within
advantage and developed proprietary solutions by
the Group through the expertise and experience of
anticipating and meeting customers’ demands.
our people and tap that of customers, institutions
and our wide networks. And we need leaders who
Still, we have yet to unleash the full potential of
will surface ideas and keep our people actively
our innovative spirit, which has driven many of
engaged in developing ideas without fear of
our achievements. Innovation has to be holistic
failure.
and broad based, to become second nature. It
has to span new or better processes, business
If we are to grow Keppel into a truly global
models, ways of connecting to customers, and
company, we cannot afford not to innovate.
even transform how we lead and manage.
Aptly put by CEO Loh, “Without innovation, we
risk losing relevance in our markets while others
At Keppel, we want to encourage the proliferation
who innovate eat our lunch.” Mindful that our
of ideas and continue to spur an active curiosity
competition is always there, we have to be more
in Keppelites which translate to improvements,
ambitious, more agile and more flexible in a fast
solutions and value. The recent inauguration of the
changing environment.
Keppel Innovation Convention reflects how serious
our commitment is to innovation as a Group.
Keppelites were walking the talk on our core values
long before they found articulation. Through
The 58 entries from various business units
collective effort and clarity of focus, we too can
groupwide, whether from Singapore or overseas,
make the embrace of innovation the “way of life”
submitted at the Convention demonstrated that
at Keppel.
innovation takes many forms – from Realised
Innovation, Early-stage Innovation to Productivity
Gems. As Mr Loh Chin Hua, CEO of Keppel
Corporation, encouraged, ”We should value and
Keppelite I June 2015
Sustaining Growth
4Sustaining Growth
World’s first triple rig naming ceremony
The three rigs will bring the total number of jackup rigs that Keppel has delivered to
Mexico to 14.
Keppel FELS is on track to
deliver three KFELS B Class
jackup rigs to the Mexican
company Grupo R safely, on
time and on budget.
The rigs were named at
the world’s first triple rig
naming ceremony held on
30 May 2015 at Keppel
FELS’ yard. Mr Chan Chun
Sing, Singapore’s Minister in
the Prime Minister’s Office
and Secretary-General of
the National Trades Union
Congress was the Guest-ofHonour.
Built to Keppel’s proprietary
KFELS B Class design, the
three identical rigs were
christened CANTARELL I,
C A N TA R E L L I I a n d
CANTARELL III, after the
Cantarell oil field in offshore
Mexico. They are the first
t h re e o f f i v e rigs that
Keppel FELS is building for
Grupo R, and will bring the
total number of jackups
Keppel has delivered to
Mexico to 14.
Speaking at the ceremony,
Mr Chan said, “Keppel’s
achievement in the naming of
these three rigs underscores
Singapore’s capabilities as a
world leader in rig building.
To continuously sharpen
Singapore’s competitive
edge, the government will
continue to collaborate
actively with the industry in
Keppelite I June 2015
When delivered, the three rigs CANTARELL I, II and III will bring the total number of KFELS B Class rigs working in Mexico to 11, making it the
dominant rig design in the region
research and development,
productivity improvements
and skills training.”
Mr Chow Yew Yuen, CEO of
Keppel Offshore & Marine
(Keppel O&M), added, “We
are pleased to name the first
three of five rigs for Grupo R
together which are on
track for a timely and safe
delivery. We have reaped
synergies from working
on five rigs at one time
to maximise resources and
improve efficiencies in the
construction process. This is
extremely helpful especially
when we will be delivering
15 rigs this year, which is the
second highest number of
deliveries in a year.
“When delivered, these
three rigs will bring the total
number of KFELS B Class rigs
working in Mexico to 11.
The KFELS B Class design
is the dominant rig design
in the region, with those
already in operation turning
out robust, efficient and
economical performances
for Mexico. Besides two
more rigs for Grupo R, we
currently have another two
under construction for other
Mexican customers.”
Mr Ramiro Garza, CEO of
Grupo R, said, “In spite of
the current low oil price
environment, Mexico is
focused on finding new
resources to increase its oil
production in the face of a
long-term decline.
Celebrating the world’s first triple rig naming are (first row from left to right) Mr Tong
Chong Heong, Senior Advisor, Keppel O&M; Mr Chow Yew Yuen, CEO, Keppel O&M ; Mr Loh
Chin Hua, CEO, Keppel Corporation, and Chairman, Keppel O&M; Lady Sponsor Mrs Gabriela
Garza; Mr Chan Chun Sing, Minister, Prime Minister’s Office, and Secretary-General,
National Trades Union Congress; Lady Sponsor Ms Karla Garza; Lady Sponsor Ms Mariella
Garza; and Dr Lee Boon Yang, Chairman, Keppel Corporation
“Our new KFELS B Class
j a c k u p r i g s a re h i g h l y
efficient, with a proven track
record. Combined with our
expertise and experience,
these five new rigs from
Keppel will strengthen our
position as the leading
drilling contractor in Mexico.
Sustaining Growth5
“We have built these rigs
with Keppel FELS to ensure
cost efficiencies in getting
customised and high quality
products that are able to
exceed the expectations
of our customers. We look
forward to continuing this
win-win partnership as we
grow our fleet of rigs.”
Keppel’s partnership with
Mexico began in 2004
when it was awarded a
contract to build two
accommodation modules.
Besides building new jackup
rigs for Mexico, Keppel has
also repaired and serviced
a total of 18 rigs that have
been deployed in Mexico.
keppelite
Union of strengths
Strong
labourmanagement relations is
a key factor of Keppel’s
success.
everyone’s safety, and that
every project is delivered
on time and within
budget.
Noting this at the naming
c e r e m o n y, G u e s t - o f Honour Mr Chan Chun
Sing said, “I am happy to
note that Keppel’s success
is also a result of the
strong
labourmanagement relations
that have been nurtured
over the past 32 years with
the union.
“This is only possible with
the trust between the union
and the management,
which is not to be taken
for granted. This strong
relationship is the result of
many years of hard work
and requires continuous
efforts to ensure we
m a i n t a i n t h i s s t ro n g
tripartite relationship
that will be Singapore’s
competitive advantage.”
“The trust shared
between the company
and the union has
Mr Chan Chun Sing (first row, third from left), Minister, Prime Minister’s Office and SecretaryGeneral, National Trades Union Congress, seen here with members of Keppel FELS Employees
Union and Keppel senior management at the naming ceremony
resulted in high employee
morale, a conducive
working environment, and
increased productivity and
quality.
“Every time I visit Keppel, I
am struck by the sense of the
Keppel family. Employees
and management work
closely together to ensure
Keppelite I June 2015
6Sustaining Growth
Ocean Mineral Singapore awarded
seabed exploration contract
The signing of the exploration contract for polymetallic nodules took place between Mr Ong Ye Kung (seated, right), Director of Ocean Mineral Singapore and Director of Group Strategy &
Development, Keppel Corporation, and Mr Nii Allotey Odunton (seated, left), Secretary-General of the International Seabed Authority. Witnessing the signing ceremony were (back row, from
L-R) Ambassador Tommy Koh, Singapore’s Ambassador-at-Large; Guest-of-Honour Mr Masagos Zulkifli Bin Masagos Mohamad, Minister, Prime Minister’s Office and Second Minister for
Home Affairs and Foreign Affairs; and Mr Loh Chin Hua, CEO of Keppel Corporation
Ocean Mineral Singapore
(OMS) has entered into
a 15-year exploration
contract for polymetallic
nodules at a site within
the Clarion-Clipperton
Fracture Zone of the
Pacific Ocean with the
International Seabed
Authority (ISA). Sponsored
by the Singapore
Government, OMS is the first
Singaporean company to
be awarded an exploration
contract for polymetallic
nodules.
Keppelite I June 2015
Contract Signing
Ceremony
The contract signing took
place between Mr Nii Allotey
Odunton, Secretary-General
of the ISA, and Mr Ong
Ye Kung, Director of OMS
and Director of Group
Strategy & Development,
Keppel Corporation.
The c eremony h el d o n
16 June 2015 was witnessed
by Guest-of-Honour
Mr Masagos Zulkifli Bin
Masagos Mohamad,
Minister, Prime Minister’s
Office and Second
Minister for Home Affairs
and Foreign Affairs,
Ambassador Tommy Koh,
Singapore’s Ambassadorat-Large, and Mr Loh
Chin Hua, CEO of Keppel
Corporation.
The contract signing
follows the approval
of OMS’s application for
the exploration licence
for polymetallic nodules
awarded by the ISA earlier
on 21 July 2014.
Mr Ong said, “We are
encouraged by the
attainment of another
milestone in our journey
to find a more sustainable
way o f s u p p o r t ing t he
world’s need for metal
resources. We look
forward to working closely
with the ISA and other
stakeholders to develop
an environmentally
responsible
and
commercially viable
solution for deep seabed
harvesting.”
Mr Zulkifli said, “The signing
ceremony marks a new
milestone as it is the very
first deep seabed exploration
contract awarded to a
Singapore company. Deep
seabed mining is an area
where interest is booming.
Recent advances in
technology have opened
up new opportunities
and enabled us to explore
parts of the deep seabed
that were inaccessible in
the past. We are gratified
that the ISA has shown its
confidence in Singapore and
our sponsored entity Ocean
Mineral Singapore.”
Exploration phase
OMS is a Singaporeincorporated company
majority owned by Keppel
Corporation, with UK Seabed
Resources Ltd (UKSRL), a
wholly owned subsidiary
of London-based Lockheed
Martin UK Holdings Ltd,
and Singapore-based private
investment company Lion City
Capital Partners Pte. Ltd., as
minority shareholders.
Polymetallic nodules contain
copper, nickel, cobalt and
manganese, as well as rare
earth minerals, and have
the potential of supplying
these key metals to meet
growing global demand in
applications as diverse as
construction, aerospace and
alternative energy.
Supported by the KeppelNational University of
Singapore (NUS) Corporate
Laboratory, OMS will be
conducting environmental
Sustaining Growth7
Ambassador Tommy Koh (extreme left), Singapore’s Ambassador-at-Large and Chairman of the Advisory Board of Lee Kong Chian Natural
History Museum, receiving a polymetallic nodule on behalf of the museum from Mr Loh Chin Hua (second from right), CEO of Keppel
Corporation. Witnessing the presentation were Mr Nii Allotey Odunton (second from left), Secretary-General of the International Seabed
Authority, Guest-of-Honour Mr Masagos Zukifli Bin Masagos Mohamad (third from left), Minister in the Prime Minister’s Office, Second Minister
for Home Affairs and Foreign Affairs, and Mr Ong Ye Kung (extreme right), Director of Ocean Mineral Singapore and Director of Group Strategy
& Development, Keppel Corporation
studies and surveys for
deposits of polymetallic
nodules within the
approved area of 58,000
square kilometres, which is
approximately 80 times the
size of Singapore.
land and 70% sea. With a
growing human population
and rapid urbanisation, it will
be a challenge to continue to
extract metals almost solely
from the land on which our
communities live and toil.”
Mr Ong said, “Keppel
offers a range of offshore
and marine solutions,
from oil and gas drilling
and production, floating
solutions for liquefaction
a n d re - g a s i f i c a t i o n o f
natural gas, to floating
hotels, pipe laying and
installation v essels for
offshore wind turbines to
generate renewable energy.
It is with this same Can Do!
and pioneering spirit that we
are exploring the possibility
of moving harvesting metals
offshore someday.
Keppel Offshore & Marine
Te c h n o l o g y C e n t r e
(KOMtech), the research
and development arm
o f K e p p e l O ff s h o re &
Marine, is developing
the technology that will
be used for harvesting the
nodules. Besides designing
an environmentally friendly
nodule collector, KOMtech
is also working on various
concepts for bringing up the
nodules from the seabed to a
specialised surface ship.
“It is a logical proposition,
because the earth is 30%
KOMtech, UKSRL and a
team of scientists from NUS
had undertaken a joint
scientific expedition from
12 February to 25 March 2015
to study the geophysical and
environmental conditions
of the site in the ClarionClipperton Fracture Zone.
W ith 22 biologists and
seven geoscientists
onboard, the expedition
collected information on
the marine flora and fauna
as well as geotechnical data
and nodules, which will
serve as baseline data for
technology development
and environmental impact
studies.
Leading a delegation from
the ISA, Mr Odunton
was also in Singapore for
a stakeholder workshop
jointly hosted by the ISA
and the NUS Centre for
International Law, to discuss
the draft framework for
the harvesting of seabed
polymetallic nodules. keppelite
Keppelite I June 2015
8Sustaining Growth
Leading sustainability performer
Underscoring its commitment
to sustainability, Keppel
Corporation has been
maintained as a constituent
of the latest MSCI Global
Sustainability and Euronext
Vigeo World 120 indices.
The MSCI Global Sustainability
Index is a benchmark of a
company’s environmental,
social and governance (ESG)
performance, based on
in-depth research, ratings
and analysis of a company’s
ESG-related business
practices. The index is
designed for investors
seeking exposure to
companies with strong
sustainability profiles. Keppel
Corporation was previously
included in the 2014 edition
of the index, which is
reconstituted annually.
The Euronext Vigeo World
120 Index comprises the 120
most advanced companies in
Europe, North America and
the Asia Pacific in terms of
ESG performance.
Keppel Corporation is the
only Singaporean company
included in the latest edition
of the index, which is reviewed
every six months to ensure
accuracy and relevance. To
be considered for inclusion,
companies are assessed
on up to 330 indicators
across sustainability aspects
such as decent employment
practices, governance and
business ethics. keppelite
Winning safety innovations
Keppel Infrastructure (KI)
bagged three prizes at
the 7th annual Singapore
Manufacturing Federation
(SMF) Workplace Safety
and Health (WSH)
Awards held on 22 May
2015.
Keppel Merlimau Cogen Senior Control & Instrumentation (C&I) Engineer, Arungulavan
Panchanathan (second from right), and Principal C&I Engineer, Ramasamy Gunasekaran
(second from left), receiving the Bronze award for the WSH Innovation Award category on
behalf of the company from Mr Douglas Foo (far left) President of Singapore Manufacturing
Federation (SMF) and Mr Lim Meng Wee (far right), Deputy Chairman of SMF’s Health, Safety,
Security & Environment Function Committee
Keppelite I June 2015
Organised by SMF and
Singapore WSH Council
in collaboration with
Singapore’s Ministry of
Manpower, the awards were
divided into two categories
– the WSH Innovation
Award, which recognises
companies that have put in
place innovative measures
to counter potential safety
hazards, and the WSH
Award for Supervisors,
which honours the efforts
of supervisors who care for
workers under their charge
by advancing health and
safety in the workplace.
KI’s subsidiary Keppel Seghers
Engineering Singapore took
home two silver awards in
the Innovation category for
safety solutions implemented
at its two Waste-to-Energy
(WTE) plants – Senoko WTE
Plant and Keppel Seghers
Tuas WTE Plant – while
Keppel Merlimau Cogen
(KMC) received a bronze
award in the same category.
Senoko WTE Plant’s winning
solution reduces the risk
of tipper trucks lifting up
when they discharge their
loads of fly ash, while KMC’s
solution eliminates the risk of
personnel being asphyxiated
in the gas turbine enclosure
in case of a malfunction in
the gas suppression firefighting system. keppelite
Sustaining Growth9
Hallmarks of excellence
Keppel Land and its
properties continue to garner
international recognition
for excellence in design and
sustainability.
At the BCI Asia Top 10
Awards held in Ho Chi Minh
City, Vietnam, on 22 May
2015, Keppel Land was
named one of the top 10
developers in Vietnam.
was conferred the Silver
Award in the Residential
(High Rise) category. The
development won an award
in the same category at the
FIABCI Singapore Property
Awards in 2014. The award is bestowed
to firms with the greatest
aggregate value of projects
under construction during
the last full calendar year
based on criteria such as
green building ratings.
One of the most prestigious
international real estate
awards, the FIABCI Prix
d’Excellence Award
recognises projects that
embody excellence in
architecture and design,
development and
construction, finance and
marketing, environmental
impact, as well as contribution
to the community. At the FIABCI Prix d’Excellence
Awards held on 30 May
2015, Marina Bay Suites
“The consortium behind
Marina Bay Suites – Cheung
Kong (Holdings), Hongkong
Land and Keppel Land – is
delighted to receive this
significant award and the
international recognition it
garners for Singapore. The
award also cements Marina
Bay Suites’ status as one
of the most iconic luxury
residential developments in
Marina Bay,” said Mr Warren
Bishop, CEO of Raffles Quay
Asset Management (RQAM),
on behalf of the consortium.
“The award will spur us at
RQAM in our commitment to
high standards of excellence
in all our projects, to meet
and even surpass the
expectations of our tenants
and homeowners.”
Bringing out the ‘live’
component in the work-
live-play concept of the
Marina Bay Financial Centre
integrated development,
Marina Bay Suites offers an
exclusive waterfront lifestyle
with close proximity to the
business district and worldclass attractions.
By adopting a holistic
approach in the way it
designs and constructs,
the developers of Marina
Bay Suites ensured efficient
use of land space and
minimised environmental
and social impact during
the construction of the
condominium. The use of
natural materials as well
as lush greenery were also
incorporated into its design.
keppelite
Mr Tan Swee Yiow (third from left), President (Singapore), Keppel Land, and Director, Marina Bay Suites, receiving the Silver award in the Residential (High Rise) category for Marina Bay Suites
at the FIABCI Prix d’Excellence Awards from (L-R): Ir. Yeow Thit Sang, President, FIABCI World Prix d’Excellence Awards 2015 Committee, Duli Yang Maha Mulia Yang Di-Pertuan Besar Negeri
Sembilan Tuanku Muhriz ibni Almarhum Tuanku Munawir, Royal Guest-of-Honour, and Ms Robyn Waters, former FIABCI World President (2014-2015)
Keppelite I June 2015
10 Sustaining Growth
Yard of choice
As a testament to its ability to execute projects with excellence, BrasFELS, Keppel
Offshore & Marine’s shipyard in Angra dos Reis, Brazil, recently delivered a project to
its client’s satisfaction and won a new repair job from a longstanding customer.
Quality delivery
BrasFELS demonstrated its
commitment to quality, safe
and timely execution with
the recent delivery of the
Floating Production Storage
and Offloading (FPSO) vessel
Cidade de Itaguai MV26 to
MODEC and Toyo Offshore
Production Systems Pte Ltd
(MTOPS).
BrasFELS delivered the project
ahead of schedule and with
an excellent safety record.
This is the yard’s third FPSO
project for MTOPS, a joint
venture between MODEC,
Inc. and Toyo Engineering
Corporation.
“Over the years, BrasFELS
has grown its capabilities
for FPSO conversion as well
as module integration and
fabrication. FPSO Cidade de
Itaguai MV26 is BrasFELS’
fifth FPSO project in five
years, and all the projects
were completed safely and
ahead of schedule. We look
forward to supporting the
Brazilian offshore market
with more of such projects.”
New Repair project
BrasFELS also has a robust
track record in repair and
upgrading projects.
C o n t i n u i n g t h e s t ro n g
relationship between Keppel
The successful execution of the FPSO
Cidade de Itaguai MV26 project is
another milestone in the partnership
between BrasFELS and MTOPS. We are
glad to have the continued support
of repeat customers as this is the best
testament to our commitment to safe,
on-time, on-budget and quality deliveries.
Mr Kwok Kai Choong
CEO and President
Keppel FELS Brasil and BrasFELS
and Ensco, the latter’s
semisubmersible rig, ENSCO
6002, arrived at BrasFELS for
repair works in May 2015.
The rig is expected to leave
the yard in 3Q 2015.
Since 2007, BrasFELS has
undertaken 50 repair and
upgrading projects for
Brazilian and international
customers including Ensco,
Diamond, Noble Drilling,
QGOG, Aban Offshore,
McDermott and Transocean.
keppelite
BrasFELS undertook module
installation and integration
for FPSO Cidade de Itaguai
MV26.
Mr Kwok Kai Choong, CEO
and President of Keppel FELS
Brasil and BrasFELS, said,
“The successful execution of
the FPSO Cidade de Itaguai
MV26 project is another
milestone in the partnership
between BrasFELS and
MTOPS. We are glad to
have the continued support
of repeat customers as this
is the best testament to
our commitment to safe,
on-time, on-budget and
quality deliveries.
BrasFELS has delivered FPSO Cidade de Itaguai MV26 (vessel on the left) safely and ahead of schedule to MTOPS
Keppelite I June 2015
Sustaining Growth11
Promoting industry growth
Members of the Association
of Singapore Marine
I nd u stries (ASM I) h ave
elected Mr Chow Yew Yuen,
CEO of Keppel Offshore &
Marine (Keppel O&M), as
the new President of the
15-member ASMI Council.
Mr Chow joined the ASMI
Council as an elected Vice
President in June 2011.
Mr Chow Yew Yuen, CEO of Keppel O&M, has been elected President of the Association of
Singapore Marine Industries Council
As the Council’s President,
Mr Chow will continue to
work towards promoting the
offshore and marine industry
and bringing its members
closer together for stronger
ties, better cooperation and
a greater sense of belonging.
ASMI is a non-profit trade
association formed in 1968
to promote the interests
of the marine industry
in Singapore. It represents
a wide cross-section of
the Singapore ship repair,
shipbuilding and rig building
industry.
Engaging trade associations
is one of many ways that
Keppel O&M actively
contributes to the growth
o f t h e i n d u s t r y. O t h e r
ways include sponsorships,
collaborations, scholarships
a n d t h e p ro m o t i o n o f
welfare for industry workers.
keppelite
Purpose built
On 15 May 2015, Keppel
Singmarine successfully and
safely launched the ice-class
multipurpose duty rescue
vessel that it is constructing
for Bumi Armada.
Following the launch,
commissioning and sea trials
will be conducted before
the vessel is delivered in
3Q 2015.
The multipurpose duty
rescue vessel is one of the
three ice-class vessels that
Keppel Singmarine has been
contracted by Bumi Armada
to build. The other two are
supply vessels that Keppel
Nantong Shipyard, a shipyard
of Keppel Offshore & Marine
located in Nantong, China, is
helping to build.
The two supply vessels were
launched earlier in March
2015 safely and ahead of
schedule. keppelite
Project teams from Keppel Singmarine and Bumi Armada, as well as surveyors from the appointed classification society, celebrate the successful
launch of the ice-class multipurpose duty rescue vessel
Keppelite I June 2015
12 Sustaining Growth
Strengthening networks
BrasFELS, Keppel Offshore
& Marine (Keppel O&M)’s
shipyard in Angra dos Reis,
Rio de Janeiro, Brazil, hosted
visits by government and
industry delegations to share
more about Keppel and its
operations in Brazil.
Government
dialogue
Mr Eduardo Braga, Brazil’s
M i n i s t e r o f M ines and
Energy, visited BrasFELS
on 22 May 2015 to learn
about the history and the
contributions of the yard to
Brazil’s offshore and marine
and energy industries.
Accompanying Minister
Braga were government
and industry representatives
including Federal
Congressmen Mr Luiz Sérgio
Nóbrega de Oliveira and
Mr Fernando Jordão,
Electrical Energy Secretary
Mr Ildo Wilson Grudtner,
President of Electrobras
Mr Jose da Costa Carvalho
Neto, and Mayor of Angra
dos Reis Madam Conceição
Rabha. The delegation
was received by Keppel
management led by
Mr Kwok Kai Choong, CEO
and President of Keppel FELS
Brasil and BrasFELS.
Customer
engagement
On 10 June 2015, BrasFELS,
together with its customer
Modec and Toyo Offshore
Production Systems
Keppelite I June 2015
Mr Kwok Kai Choong (fourth from left), CEO and President, Keppel FELS Brasil and BrasFELS, and Mr Low Tiau Tong (extreme left), Special
Duties Director, BrasFELS, hosted a visit by Mr Eduardo Braga (fourth from right), Brazil’s Minister of Mines and Energy. Accompanying the
Minister here were Federal Congressman Mr Luiz Sérgio Nóbrega de Oliveira (second from left); Councilman of Angra dos Reis Mr Chapinha do
Sindicato (third from left); (third from right to extreme right) Mayor of Angra dos Reis Madam Conceição Rabha; Councilman of Angra dos Reis
and President of the City Council Mr Marco Aurélio Andrade; and Federal Congressman Mr Fernando Jordão
Led by Mr Kwok Kai Choong (fourth from right), CEO and President of Keppel FELS Brasil and BrasFELS, the yard’s management, together with
its customer MTOPS, showed Shell representatives around the yard during a visit on 10 June 2015
(MTOPS), hosted a visit by
Shell representatives. MTOPS
is a joint venture between
MODEC, Inc. and Toyo
Engineering Corporation.
During the yard tour, the
Shell delegation took a
closer look at some projects,
including the Floating
Production Storage and
Offloading (FPSO) vessel
Cidade de Itaguai MV26
that BrasFELS is integrating
topside modules for. The
vessel is the third FPSO
collaboration between
BrasFELS and MTOPS (see
page 10).
Keppel Shipyard, another
Keppel O&M subsidiary,
is currently undertaking
an FPSO conversion for
Shell. Earlier in the year, a
Shell delegation led by its
Chairman Mr Chad Holliday
visited the shipyard in
Singapore.
Agency exchanges
A Singapore government
delegation which was in Rio
de Janeiro for a study visit
was received by BrasFELS
management on 8 June
Sustaining Growth13
2015. The delegation, led by
Mr Lim Chee Hwee, Senior
Director of Programmes,
Municipal Services Office,
learned more about Keppel
O & M ’s e x p e r i e n c e o f
operating in Brazil, as well
as the group’s Near Market,
Near Customer strategy of
setting up a global network
of yards. keppelite
Technology insights
A Keppel Technology Advisory
Panel (KTAP) delegation led
by its Chairman Mr Sven
Ullring and comprising
Professor Chan Eng Soon and
Mr Charles Foo, Director/
Advisor of Keppel Offshore
& M a r i n e Te c h n o l o g y
Centre, made a study visit
to the Federal University
of Rio de Janeiro (UFRJ)
and University of São
Paulo (USP) on 5 May and
7 May 2015 respectively.
R e c e i v i n g t h e K TA P
delegation at UFRJ was
Professor Antonio Fernandes
of COPPE/UFRJ. COPPE refers
to the Alberto Luiz Coimbra
Institute of Graduate Studies
and Engineering Research.
At UFRJ, the delegates visited
a lab affiliated with fKN,
a consortium formed by
FloaTEC, Keppel Offshore
& Marine and the National
University of Singapore,
and learnt about its work
t h ro u g h t e c h n i c a l a n d
research presentations and
demonstrations.
In São Paulo, the delegation
was joined by KTAP member
Professor Kazuo Nishimoto,
who is based in USP, and
who helped to host the
visit at the university in
São Paulo.
KTAP was established in
2004 as a key platform
to advance the Group’s
technology leadership. Its
members include eminent
business leaders and industry
experts from across the
world.
O v e r t h e y e a r s , K TA P
members have contributed
to a broad range of ideas
and developments in
Keppel. The areas include
drilling and production
technology, offshore wind,
coal gasification, waste-toenergy, as well as potentially
disruptive technologies.
(From left) Professor Antonio Fernandes of the Federal University of Rio de Janeiro, together
with KTAP members Mr Charles Foo, Professor Chan Eng Soon and KTAP Chairman Mr Sven
Ullring, touring a laboratory at the university
keppelite
Keppelite I June 2015
14 Sustaining Growth
Networking in Norway
Singapore’s Minister for Transport and Second Minister for Defence Mr Lui Tuck Yew (third from right) and Mr Hiroshi Muto (third from left), Japan’s Vice Minister for Transport, Tourism and
International Affairs were hosted at Keppel O&M’s booth at Nor-Shipping 2015 by Keppel O&M senior management comprising (L-R) Mr Louis Chow, ED (Commercial), Keppel Shipyard;
Mr Michael Chia, MD (Marine & Technology), Keppel O&M; Mr Chor How Jat, MD, Keppel Shipyard; and Mr Abu Bakar, MD, Keppel Singmarine
Keppel Offshore & Marine
(Keppel O&M) touched base
with customers and industry
partners and explored the
future of the global maritime
industry together at the NorShipping Conference and
Exhibition (Nor-Shipping)
held in Oslo, Norway, from
1 to 5 June 2015.
Featuring insightful
conference and dialogues,
extensive networking
opportunities and an
exhibition of the best and
latest in maritime technology
and solutions, the biennial
event drew leading global
offshore and marine players.
At the Singapore Pavilion
of the exhibition, Keppel
O&M helped to promote the
country’s maritime industry
Keppelite I June 2015
through a showcase of its
broad-ranging capabilities
and services.
Singapore’s Minister for
Tr a n s p o r t a n d S e c o n d
Minister for Defence Mr Lui
Tuck Yew officially opened
the Singapore Pavilion, which
was coordinated by Singapore
Maritime Foundation
(SMF) and Association of
Singapore Marine Industries,
and supported by Maritime
Port Authority of Singapore
and International Enterprise
Singapore.
SMF also held a Singapore
Nite Reception on 3 June
2015, which allowed
participants in the Singapore
Pavilion and Norway-based
Singaporeans to network
over Singaporean cuisine.
Singapore’s Minister for Transport and Second Minister for Defence Mr Lui Tuck Yew (centre)
opening the Singapore Pavilion at Nor-Shipping 2015
Nor-Shipping 2015 marks the
50th anniversary of the event
which had an expanded
programme this year to
celebrate the occasion. New
initiatives included Brazil@
Nor-Shipping, which focused
on the risks and rewards
of doing business in Brazil,
a n d t h e Wo m e n @ N o rShipping Waves of Change
Conference, which focused
on women who set the
agenda in the leadership
and future of the maritime
industry. keppelite
Sustaining Growth15
A win-win
relationship
President of Azerbaijan Mr Ilham Aliyev (extreme left) was briefed on the progress of the
country’s first modern semi by (from second from left to right) Caspian Drilling Company
General Director Mr Farid Akhundov, State Oil Company of Azerbaijan President Mr Rovnag
Abdullayev, and Caspian Shipyard Company CEO Mr Lau Kuat Pin
Showcase in
Azerbaijan
While the construction of
Azerbaijan’s first modern
semisubmersible (semi) rig
is still underway at Caspian
Shipyard Company (CSC),
a preview of its completed
look was given through
a model of the rig at the
22nd Caspian Oil and Gas
exhibition. CSC is Keppel
Offshore & Marine’s shipyard
in Baku, Azerbaijan.
The semi is being built
to Keppel’s DSS™ 38M
design for Caspian Drilling
Company, a subsidiary of
the State Oil Company of
Azerbaijan (SOCAR).
During the exhibition held in
Baku from 2 to 5 June 2015,
President of Azerbaijan
Mr Ilham Aliyev viewed the
rig model at CDC’s booth
and was updated on the
smooth progress of the rig,
which was 58% completed
as at end May 2015, ahead
of schedule. The rig is
expected to be completed
and delivered by end 2016.
As a testament to Keppel
Logistics’ excellence in
service, Electrolux, a
leading home appliance
manufacturer and longtime
customer, has extended its
contract with Indo-Trans
Keppel Logistics (ITKL),
Keppel Logistics’ subsidiary
in Vietnam.
With the renewal of the
contract, ITKL will continue
providing nationwide
integrated third-party
logistics services to Electrolux
in Vietnam, helping it to
cater effectively to the
consumption needs of
the country’s burgeoning
middle-class.
Mr Nelson Wu, GM of ITKL,
said, “We are pleased that
Electrolux recognises the
best-in-class logistics services
that Keppel Logistics has to
offer, and we look forward
to more years of close
partnership together.”
Mr Nguyen Anh Thi, GM
o f E l e c t ro l u x V i e t n a m ,
concurred, “Continuing the
partnership is win-win for
both Keppel and Electrolux.
We can now focus on our
core business and leave
logistics fulfilment in the
good hands of Keppel.”
keppelite
At the end of the briefing,
President Aliyev said he was
very pleased that an ultramodern rig is being built in
Azerbaijan, and expressed
his wish for more of such
rigs to be built in the country.
The DSS™ 38M rig is the
most advanced semi to be
built in the Caspian region
and has been designed for
the operational environment
of the Caspian Sea. The
rig will be the first shallow
water semi capable of drilling
and expanding the areas of
operation in the oil fields of
Azerbaijan. keppelite
ITKL, Keppel Logistics’ subsidiary in Vietnam, has won the trust of Electrolux, a returning
customer which has extended its contract
Keppelite I June 2015
16 Sustaining Growth
Strong ties, best practices
Keppel Offshore & Marine’s
global yards work closely
with leading maritime and
offshore classification service
providers such as American
Bureau of Shipping (ABS) to
ensure projects are executed
in adherence to stringent
quality standards.
To foster closer working
relations with the
classification society, Keppel
Nantong Shipyard hosted
a visit by a management
team from ABS led by
Mr Tony Nassif, Executive Vice
President & Chief Operating
Officer, on 26 May 2015.
Led by Mr Edmund Lek,
President, Keppel Nantong
Shipyard, the management
team gave an overview of
the operations of the yard
and conducted a tour of its
key facilities.
The Keppel Nantong Shipyard management team, led by President Mr Edmund Lek (fifth from right), hosted a visit by ABS management
including Executive Vice President and Chief Operating Officer Mr Tony Nassif (fifth from left) on 26 May 2015
Given the emphasis that both
Keppel Nantong Shipyard
and ABS place on safety, the
tour included a visit to the
safety training centre where
the ABS visitors gained a
deeper understanding of
the yard’s safety programme
and initiatives.
The exchange on safety
included a training the
next day for the shipyard’s
management team and
contractors conducted by
Duncan Peart, Assistant Chief
Surveyor, ABS (Greater China
Division), during which he
shared safety best practices
that can be adopted at
the shipyard. keppelite
Telling the Singapore Maritime story
Keppel O&M is featured in a National
Geographic documentary
Keppelite I June 2015
An active contributor to
the growth of Singapore’s
maritime industry, Keppel
Offshore & Marine
(Keppel O&M) is the
Gold sponsor of a
documentary that the
Maritime and Port
Authority of Singapore
( M PA ) a n d S i n g a p o r e
Shipping Association have
commissioned National
Geographic to produce
in conjunction with
Singapore’s 50th birthday
celebrations in 2015.
The documentary, Inside
Maritime Singapore, aims
to capture the growth
and success of Singapore’s
maritime industry while
offering a glimpse into its
future.
Given the significant
presence of the offshore
industry in Singapore, the
documentary includes a
dedicated offshore segment
which prominently features
Keppel O&M.
Inside Maritime Singapore
premiers on 30 June
2015 at 7.00pm on the
National Geographic
channel in Southeast Asia
and Hong Kong. Repeat
broadcasts will be aired on
2 July 2015 at 9.00pm and
5 July 2015 at 1.25pm. keppelite
Sustaining Growth17
Keppel Cove gears up for launch
Keppel Cove, Keppel
Land’s latest integrated
development in Zhongshan,
China, has been gearing up
for the soft launch of its villa
units scheduled for 3Q 2015.
A s K e p p e l L a n d ’s f i r s t
integrated residential cum
marina lifestyle development
in the Pearl River Delta region
of Zhongshan, located on
MoDao Island in Shenwan
Town, Keppel Cove has
received positive interest
and strong support from the
market and local authorities.
On 30 May 2015, Mr Li
Jinzao, Chairman of the
China National Tourism
Administration, led
a delegation visit to the
Keppel Cove precinct.
During the visit, Mr Li was
given a tour and briefed on
what to expect when the
project is fully completed.
Apart from the 250 villas that
come with a private berth each,
there will also be a world-class
marina with amenities such
as fine dining restaurants,
158 additional berths and a
special Customs, Immigration,
Quarantine and Ports building
which will facilitate direct
sailing between Zhongshan
and Macau.
After the visit, Mr Li voiced
his strong support for the
integrated development
which he believes will
contribute significantly to
the growth of the tourism
industry of Zhongshan.
As part of the efforts to
drum up further publicity
for the project, Sunsea
Yacht Club (Zhongshan)
Co. Ltd, the Zhongshan
subsidiary of Keppel Land,
recently worked together
with Hilton Hotel in
Zhongshan to set up a
Keppel Cove exhibition in
its lobby.
The centrepiece of the
exhibition, designed with a
luxury waterfront theme, is a
hanging yacht model made
of close to 3,000 sparkling
crystals, symbolising the
unparalleled luxury of the
waterfront lifestyle that
Keppel Cove offers.
The crystal yacht and the
exhibition will be on display
from 29 May to 28 August
2015. keppelite
China National Tourism Administration Chairman Li Jinzao (third from right) being given a tour at Keppel Cove, Keppel Land’s first integrated
residential cum marina lifestyle development in Zhongshan, China
The hanging yacht model made of close to 3,000 sparkling crystals is the centrepiece of the Keppel Cove exhibition
at Hilton Hotel in Zhongshan
Keppelite I June 2015
18 Sustaining Growth
Sharing of lessons learned
To share lessons learned and
facilitate cross-organisational
knowledge sharing, senior
management and project
directors from across the
Group came together for
a series of workshops to
share their experiences in
project and investment
management.
Through this initiative led by
Group Risk Management,
various business units took
turns to organise and host
workshops over the past
months. Chaired by the
business units’ respective
CEOs, the workshops shared
on pertinent lessons learned
from past and recently
completed projects. The
discussion not only brought
out learning points and areas
of improvement in project
execution, but also successes
in risk mitigation which
could be replicated in future
projects and investments.
One such workshop
was hosted by Keppel
Infrastructure on 3 June 2015,
using the Runcorn Energyfrom-Waste project as a case
study. Phase 2 of the project
was recently handed over to
the client in May 2015. Case
studies in other workshops
focused on projects including
Keppel Land’s Reflections at
Keppel Bay development,
Keppel Telecommunications
& Transportation’s Tianjin
Logistic Centre, and Keppel
Shipyard’s Floating Production
Storage and Offloading vessel
upgrading project. keppelite
Keppel senior management led a series of workshops to share on past project management
experiences and identify key learning points
Reaffirming safety goals
To reaffirm the goals of
‘Safety Excellence 2020’,
Nakilat-Keppel Offshore &
Marine (N-KOM) organised
a Safety Excellence Day on
15 June 2015. ‘Safety
Excellence 2020’ was
i n t ro d u c e d i n 2 0 1 4 t o
steer the shipyard towards
achieving an incident
and injury-free work
environment by 2020. The
event, which was attended
by over 150 Keppelites,
customers and stakeholders,
showcased the efforts that
have been implemented in
the past year to take the
company a step closer to its
safety vision.
Mr Chandru Rajwani,
CEO of N-KOM, also
announced a slew of
new safety initiatives,
which include a training
programme to enhance
the knowledge and
skills of engineers in the
enforcement of yard safety
regulations.
A three-day safety carnival
was also held to raise
awareness on High Impact
Risk Activities among the
workforce and to strengthen
their knowledge of the right
safety gear and equipment
to use for different tasks and
working environments. keppelite
Mr Chandru Rajwani (fifth from right), CEO of N-KOM, and employees of N-KOM pledged their robust commitment to safety during the yard’s Safety Excellence Day
Keppelite I June 2015
Sustaining Growth19
Unifying platform
As Keppel works towards
becoming a truly global
c o m p a n y, t h e U n i f i e d
Communications (UC)
p ro j e c t h a s p ro v e d a n
important tool in achieving
that goal. Initiated in 2013
b y G ro u p I n f o r m a t i o n
Systems (GIS), the project
aims to provide Keppel staff
worldwide with convenient
access to an integrated suite
of real-time communication
tools.
Anchoring the UC is the
M i c ro s o f t Ly n c s y s t e m
(Lync), recently rebranded
as Microsoft Skype for
Business, which features
instant messaging, presence
information, telephony,
video conferencing, as well
as sharing of documents,
presentations and interactive
whiteboards.
Besides the obvious boon
of more convenient daily
communication between
colleagues, UC has enabled
the Group to reap cost
savings. According to a study
by GIS, the potential savings
for business units that have
already implemented UC
could reach $1.94 million
over five years, achieved
mainly through the reduction
o f v o i c e a n d ro a m i n g
charges.
GLOBAL INCLUSIVITY
As the roll-out of UC gains
momentum, it has emerged
as a powerful way to make
During the Global Keppelite Forum in February 2015, Keppelites from all over the world, including those in Keppel Nantong Shipyard in China
(pictured on screen), were able to participate live through the UC system
Keppel Group events globally
inclusive.
In February 2015, the
Global Keppelite Forum
was beamed live through
the UC system to over 4,000
Keppelites gathered in more
than 50 locations. This
enabled Keppel Corporation
CEO Mr Loh Chin Hua to
address questions from
Keppelites across the
globe in real time in an
unprecedented Group-wide
townhall meeting.
Likewise, project teams
f ro m B r a z i l a n d Q a t a r
were able to participate
live in the recent Keppel
Innovation Convention
(see page 22) through the
video conferencing features
of the UC system. Chief
Judge Ms Wang Look Fung,
Director, Group Corporate
Affairs, Keppel Corporation,
noted that the international
participation was a sign
that Keppel is truly on
its way to becoming a
global company. For its
innovativeness, the UC
project was a winner in
the “Productivity Gems”
category of the convention.
CONNECTING ON THE GO
As any personal assistant can
attest, coordinating highlevel meetings between
board directors and senior
management can be
challenging, especially since
many of them are often on
the road. By connecting
users on the go, UC enables
meetings to take place
across borders seamlessly,
increasing organisational
efficiency.
Previously, international
c o n f e re n c e c a l l s w e re
conducted using traditional
conference bridge devices,
but the sound quality was
often unreliable. Lync, on
the other hand, offers
dependably high sound
quality – given optimal
internet connection –
whether it is being used on
a laptop or mobile device.
Mr Tan Ek Kia, a Nonexecutive and Independent
Director on the Board of
Keppel Corporation, can
attest to that. Having used
Lync to participate remotely
in board meetings, he gives
it the thumbs up for its “first
class audio clarity.” keppelite
Keppelite I June 2015
20 Sustaining Growth
Boosting pandemic preparedness
With the resurfacing of the
Middle East Respiratory
Syndrome (MERS) virus in
South Korea in May and
Thailand in June, it is more
crucial than ever that
nations and organisations
are well prepared to cope
with infectious disease
threats.
As a conglomerate with
a wide global network,
K e p p e l C o r p o r a t i o n ’s
Group Risk Management
(GRM) and the Group’s
business units hold exercises
regularly, reviewing existing
procedures and protocols to
ensure the efficacy of their
Business Continuity Plans
(BCP).
From 22 to 24 April 2015,
Keppel Corporation
conducted a pandemic
simulation exercise based on
the scenario of an employee
returning from West Africa
with symptoms of the Ebola
virus.
This triggered a pandemic
alert that escalated to an
evacuation and work-fromhome activation on the third
day of the exercise.
The objectives of the
exercise included assessing
staff response during the
sudden onset of a crisis
that requires immediate
evacuation; ensuring all
employees understand
their respective roles and
responsibilities in executing
the company’s BCP; as well
as testing the availability of
IT systems such as webmail,
Lync and remote access to
the global intranet.
As part of the simulated
scenario of an early stage
of an influenza outbreak,
all employees were required
to take their temperature
to help in the detection of
infection.
After the exercise, feedback
from the participants was
shared with the department
BCP coordinators to finetune the BCP.
Suspected patients were
isolated in areas of the
building demarcated as
quarantine zones.
E m p l o y i n g a d i ff e re n t
scenario, Keppel
Te l e c o m m u n i c a t i o n s &
Transportation (Keppel T&T)
held a H1N1 virus pandemic
flu drill at 9 Gul Circle on
29 May 2015 to test the
robustness of its BCP.
Subcontractors such as
the cleaning staff also
participated in the drill. They
were deployed to disinfect
all common areas as a
preventive measure during
a flu pandemic. keppelite
A security guard from Keppel T&T taking the temperature of a deliveryman (left photo) and Keppel T&T staff reporting to a health declaration station (right photo) during a simulated scenario of
a flu pandemic to test the robustness of the company’s business continuity plans
Keppelite I June 2015
Sustaining Growth21
Promoting the growth of REITs
As one of Singapore’s leading
re a l e s t a t e i n v e s t m e n t
trusts (REITs), Keppel REIT
participated in the inaugural
REITs Symposium on 23 May
2015 to further promote the
growth and development of
the industry.
The one-day event attracted
over 1,300 investors who
were looking to enhance
their financial knowledge in
REIT investments.
Mr Toh Wah San, Executive
VP, Asset Management of
Keppel REIT Management,
was amongst the speakers
who shared insights on
the REITs industry, as well
as provided updates on
Keppel REIT and its business
operations.
Keppel REIT also set up a
booth at the symposium
where investors could get
more information on the
leading office REIT.
The symposium was jointly
organised by Share Investor
and the REIT Association of
Singapore (REITAS), of which
Keppel REIT is a founding
member. keppelite
Keppel REIT’s Executive VP (Asset Management) Mr Toh Wan San speaking at the inaugural
REITs Symposium which saw more than 1,300 investors attend to learn more about the
industry and investment opportunities
Gelling through golf
To celebrate another year of excellent business relations with tenants and business partners, Keppel REIT and Ocean Financial Centre held a golf tournament on 18 June 2015 at the Sentosa
Golf Club. Mr Khoo Ken Hee (right picture), a tenant at Bugis Junction Towers, a property under Keppel REIT, emerged the overall champion from a field of close to 100 golfers. The annual
tournament is an excellent platform for Keppel management to interact and strengthen ties with its tenants and other stakeholders
Keppelite I June 2015
22
Special Focus
1
3
4
1. Board directors, senior management and winners from the Realised Innovation category at the inaugural Keppel Innovation Convention 2015; 2. Project teams from various business units presented their innovations
exhorted Keppelites to sharpen their innovative edge and remain hungry in seeking out ways to advance Keppel’s businesses; 4. The panel of judges comprised senior management across the Group, including (from rig
Marine (Keppel O&M); Chief Judge Ms Wang Look Fung, Director, Group Corporate Affairs, Keppel Corporation; Mr Wong Kok Seng, MD (Offshore), Keppel O&M & MD, Keppel FELS; Mr Thomas Pang, CEO, Keppel Te
also on the judging panel are Mr Nicholas Lai, ED (Gas-to-Power), Keppel Infrastructure; Mr Tan Boon Leng, ED (Waste-to-Energy, X-to-Energy), Keppel Infrastructure, and Ms Christina Tan, MD, Alpha Investment Partn
Thriving through innovation
“Think big, start small, act
fast.”
With this call to arms, Mr Loh
Chin Hua, CEO of Keppel
Corporation, kicked off the
inaugural Keppel Innovation
Convention 2015. Held on
15 June 2015 at Keppel
Leadership Institute, the
event was organised by
Keppelite I June 2015
Keppel Young Leaders under
the supervision of project
sponsor Mr Ong Ye Kung,
Director, Group Strategy
& Development, Keppel
Corporation.
Conceived as an annual
platform to foster an
innov ativ e c ultu re an d
re c o g n i s e o u t s t a n d i n g
i n n o vati o n s acro s s th e
Group, the convention
also aims to encourage
Keppelites to exchange best
practices and embrace new
ideas and methodologies,
t h e re b y d r i v i n g h i g h e r
productivity while ensuring
the profitable, safe and
responsible execution of the
Group’s businesses.
About 150 participants
were present, comprising
board directors, senior
management and
Keppelites.
PLANTING WHILE
HARVESTING
Emphasising the importance
of nurturing an ecosystem
for innovation to flourish,
23
23
2
We have a chance to develop an
innovation ecosystem that runs
alongside our existing profitgenerating businesses. It is akin to
planting seeds as you harvest.
Mr Loh Chin Hua
CEO
Keppel Corporation
s to the judges in a variety of formats; 3. During his opening address, Keppel Corporation CEO Mr Loh Chin Hua
ght) Mr Abu Bakar, MD, Keppel Singmarine; Mr Michael Chia, MD (Marine & Technology), Keppel Offshore &
Telecommunications & Transportation; and Mr Tan Swee Yiow, President (Singapore), Keppel Land. Not pictured but
ners
Mr Loh said in his opening
address, “We need channels
for ideas, big and small,
status quo-preserving or
disruptive, to surface and be
noticed…We have a chance
to develop an innovation
ecosystem that runs
alongside our existing profitgenerating businesses. It is
akin to planting seeds as you
harvest.”
Drawing inspiration from
a recent conference he
attended in Seattle, USA,
with many CEOs of tech
start-ups, Mr Loh exhorted
Keppelites to emulate
the grit and gumption of
Silicon Valley entrepreneurs
in pushing forth ideas.
“Simple ideas can grow
into commercial hits in
response to real, unmet
needs. Never underestimate
a simple idea that questions
the status quo.”
Mr Loh also noted the
importance of recognising
efforts by Keppelites to
innovate through platforms
such as the convention,
whether or not immediate
success is apparent.
“Innovation requires a
runway before takeoff,
where you will not generate
Economic Value Added (EVA)
or profit. So we should value
and accord recognition to
good innovation efforts that
could potentially lead to
profound changes in our
business, even as they are
yet to be profitable.”
While innovation remains
one of Keppel’s hallmarks,
Mr Loh challenged Keppelites
to sharpen their dynamic
edge and remain hungry
in seeking out ways to
advance Keppel’s businesses.
“We need a healthy sense
of insecurity regarding
existing businesses that
are already doing well.
Big innovation may look
contrarian, or even foolish
at first. Eventually, however,
the best ideas generate
huge returns.”
SPURRING ON
COMPETITION
The innovation competition,
the main component of
the convention, attracted
58 entries from various
business units as well as
Keppel Corporation,
underscoring the importance
of innovation not only to
business operations, but also
to how the Group is led and
managed.
Besides entries from business
units in Singapore, teams
from the Group’s operations
in other countries including
Belgium, Brazil, China,
the Philippines, Qatar and
Vietnam, joined in the fray.
Cognizant that innovation
takes many forms, the
organisers designed the
competition to have three
categories – Realised
Innovation, Early-Stage
Innovation and Productivity
Gems.
The first category, Realised
Innovation, was for projects
Continues on page 24...
Keppelite I June 2015
24
Special Focus
...continued from page 23.
that have significantly added
value to Keppel’s products,
processes, service quality or
business models. The second,
Early-Stage Innovation, was
for projects that are still in the
design, detailed engineering
or prototyping stage. Lastly,
Productivity Gems was for
incremental or small-scale
projects that have improved
productivity, or raised the
quality of existing products
or services.
During the convention,
project teams from the
Realised Innovation category
presented their innovations to
a panel of judges comprising
senior management. A team
from Brazil even presented
their project to the judges
through a live video feed.
Presentations were followed
by questions from the judges,
who probed for insights
and offered suggestions for
further improvement.
Leading the panel as Chief
Judge was Ms Wang Look
F u n g , D i re c t o r, G ro u p
Corporate Affairs, Keppel
Corporation. The other
ju d g e s we re Mr Wo ng
Kok Seng, MD (Offshore),
Keppel Offshore & Marine
(Keppel O&M) & MD, Keppel
FELS; Mr Michael Chia, MD
(Marine & Technology),
Keppel O&M; Mr Abu Bakar,
MD, Keppel Singmarine;
Mr Thomas Pang, CEO,
Keppel Telecommunications
& Transportation; Mr Nicholas
Lai, ED (Gas-to-Power),
Keppel Infrastructure;
Mr Tan Boon Leng, ED (Wasteto-Energy, X-to-Energy),
Keppel Infrastructure;
Mr Tan Swee Yiow, President
(Singapore), Keppel Land; and
Ms Christina Tan, MD, Alpha
Investment Partners.
Commending the efforts
of the project teams,
Ms Wang exhorted
Keppelites to continue to
constantly think out of the
box. Encouraging them to
venture out of their comfort
zones, she shared during
her closing speech, “Mozart
detested the flute, but he is
keppelite
INNOVATION CONVENTION 2015 WINNERS
Category Business unitProject name
Realised Innovation*
1. Keppel FELS
B Class jackup 2013
2. Keppel Shipyard
Conversion of the Golar Hilli LNG
Carrier to a Golar Hilli Floating LNG
Vessel
3. Keppel FELS
(BrasFELS) FPSO Cidade de Mangaratiba –
flare tower lifting
Keppel Shipyard
(special mention)
Keppel safety training centre
Keppel Land
(special mention)
Green world
Early-stage Innovation* 1. Keppel FELS
Arctic jackup
CAN DO drillship
2. Keppel FELS
3. Keppel Infrastructure DANO drum modification
Productivity Gems
Keppel Corporation
Keppel global network
Keppel Corporation
Unified communications
Keppel FELS
CAN DO barge
Keppel Shipyard
Automated blasting system
Keppel Shipyard
Universal lock-out tag-out system
Keppel Shipyard
Vacuum-packed electrode
Keppel Nantong
Shipyard
Panel line mobile platform
Keppel Singmarine
6 Axis robotic welding
Keppel Singmarine
Auto-welding carriage for erection
joint welding with quantum lift
Keppel Singmarine
MPS automated fabrication process
Keppel Singmarine
SAW 1G welding innovation for flat
and curved plate joining
Keppel Singmarine
SM3D piping support
Keppel Infrastructure
Senoko Waste-to-Energy reduced
lime consumption
Keppel Land
Bulk purchase of electricity
Keppel Land
Green fingers
*Only Realised Innovation and Early-Stage Innovation winners were ranked.
Keppelite I June 2015
among the composers who
wrote the best concertos
for the flute. He overcame
his prejudice through his
creativity – something I think
we should all learn as well.”
Sustaining Growth25
Spurring Innovations
Eye on safety
Keppel Logistics’ state-ofthe-art warehouse facility at
7 Gul Circle serves a wide
variety of customers from
industries such as biomedical,
book publishing, chemical
and Fast Moving Consumer
Goods (FMCG). At the facility,
which has more than half
a million square feet of
warehouse space, goods are
placed on pallets, which are
structural foundations usually
made from wood, to allow
for handling and storage
efficiencies.
On average, Keppel Logistics
employees have to handle up
to 100 pallets per day. Some
of these pallets are stored on
racks as tall as five tiers, which
requires the use of a forklift
to stack or retrieve these
pallets. Apart from a forklift
operator, another employee
is required to be an extra
pair of eyes to watch out for
the operator’s blind spots.
This is to ensure safety at all
times and minimise the risk of
damage to the goods.
Due to the height of the
racks, employees often have
to strain their necks for some
time to make sure that the
blades of the forklift are
elevated to the appropriate
level and aligned properly to
the shelving space.
After identifying the problem
and ascertaining that the
safety and productivity of the
pallet retrieval and storage
process could be improved,
Alex Liew and Jerald Lim,
Logistics Executives, came up
with a simple and effective
solution that won a Safety
Innovation Project Silver
award at the eighth Keppel
Safety Convention in 2014.
Dubbed the ‘Laser Eye’, their
solution involves attaching
to the blades of the forklift
a wirelessly operated laser
which helps to align the
blades to the rack.
The new process achieves a
nearly five-fold decrease in the
time required for the operator
to confirm alignment of the
pallet and blades. A spotter
for the operator is no longer
required, which means that
valuable manpower can be
better deployed.
“The forklift enhanced with
the ‘Laser Eye’ has given
g re a t e r c o n f i d e n c e t o
operators when putting away
pallets at high locations. This
is especially so for the new
operators, who previously
required greater supervision
to avoid accidentally hitting
the beams or racking,”
said Alex.
The team plans to take the
successful implementation of
the project to the next level
by using a height-activated
laser-projected line to allow
for even greater accuracy in
alignment. keppelite
By attaching lasers to the blades of its forklifts, Keppel Logistics forklift operators now have a clear and accurate visual indication (the orange dots in right photo) that the forklift blades are
aligned to the rack, which has significantly reduced the retrieval and storage time for pallets placed on high racks
Keppelite I June 2015
Empowering Lives
26 Empowering Lives
Platform for exchange
Keppel Land’s Annual Staff Conference 2015 brought together about 500 Keppelites from its local and overseas business units to exchange experiences and network over four days
About 500 employees from
Keppel Land’s Singapore
and overseas business
units gathered at Suntec
Convention Centre from
26 to 29 May 2015 for the
company’s Annual Staff
Conference (ASC), a valuable
platform for staff to network
and exchange lear ning
experiences.
In his opening speech on the
first day of the ASC, Mr Ang
Wee Gee, CEO of Keppel
Land, commended staff for
the company’s creditable
performance and for the
awards garnered over the
past year.
Keppelite I June 2015
He shared, “We will
c o n t i n u e t o g ro w o u r
property development and
property fund management
businesses, actively recycle
assets to maximise returns,
grow our commercial
presence overseas, form
strategic alliances to
strengthen our capabilities
and invest opportunistically
in high-growth markets.”
Mr Ang also shared how
the company places great
emphasis on developing
and retaining talent, and
has put in place mentoring
programme for staff.
Besides trainings, Keppel
Land’s talent management
programme encompasses
job rotations and overseas
postings, allowing staff to
gain practical experience
while grooming them for
senior roles.
During the opening
session of the ASC, Keppel
Land’s senior management
also provided updates on
the company’s performance
in various markets and
shared their outlook
and strategies. An open
and robust dialogue
session between senior
man ag emen t an d s taff
then followed.
Over the course of the
four days, Keppel Land
s t a ff p a r t i c i p a t e d i n a
series of workshops and
training programmes,
with topics ranging
from
marketing
and workplace safety and
health to risk management.
A highlight of the ASC
is the Work of a Winner
(WOW!) competition
which showcases the
innovative spirit and
ideas of staff. During the
competition, teams formed
by the various business
functions showcased
projects with innovative
Empowering Lives27
solutions that were
implemented during the
course of the year.
Of the seven teams that
p a r t i c i p a t e d t h i s y e a r,
t h e t e a m b e h i n d Z e ro
Capex Lights Retrofit, a
project by Keppel Land’s
Property Management and
Knowledge Management
department, walked away
with the title of Champion.
The ASC ended on a high
note with management
and staff letting their hair
down during the company’s
Dinner & Dance held on
29 May 2015. keppelite
CEO of Keppel Land Mr Ang Wee Gee (second from right) learning about one of the projects on showcase during the Work of a Winner
(WOW!) competition which encourages innovation and creativity among Keppelites
Fun in action
Keppel Land’s annual
Dinner & Dance brought
the staff convention to a
rousing close. Held at the
Fairmont Hotel, the event,
themed “Lights, Camera,
Action!”, saw staff dressing
up as their favourite movie
characters ranging from
those in traditional Chinese
folklore such as Journey
to the West, to modern
favouri tes such as the
minions from the animation
movie Despicable Me.
During the dinner, awards
were presented to longserving Keppelites in
recognition of their
contributions.
Keppel Land staff having a ball of a time at the company’s annual Dinner & Dance event
Keppelite I June 2015
28 Empowering Lives
Scoring high
As part of its people
d e v e l o p m e n t s t r a t e g y,
Keppel Offshore & Marine
(Keppel O&M) readily
provides opportunities and
support to employees for
continuous growth and
realisation of their full
potential.
Keppelite speaks to
four individuals who,
encouraged by the
company and colleagues,
re c e n t l y c o m p l e t e d o r
will soon complete their
further studies with
excellent achievements,
proving themselves to be
outstanding both at school
and the workplace.
Finding success
in Singapore
Juggling a full-time job
and part-time diploma
studies is no mean feat.
Undeterred, Somnath Das,
a Shipwright Supervisor at
Keppel Shipyard, and Xiao
Kun, a Piping Technician
at Keppel Shipyard, hit the
books whenever they had
a chance in their free time.
Das, 30, hails from India
while Xiao, 29, is from China.
Their diligence ultimately
paid off. Somnath and Xiao
Kun graduated as the top
student in their respective
engineering courses in Ngee
Ann Polytechnic. Somnath
achieved a perfect Grade Point
Average (GPA) for his Diploma
in Marine Engineering course
while Xiao Kun obtained
his Diploma in Mechanical
Engineering with a GPA of
3.9 out of 4. For graduating
top of their cohorts, Somnath
and Xiao Kun each received a
$200 book prize.
To attain such stellar results,
both Keppelites spent six to
10 hours a week studying,
completing assignments or
revising for exams in their
dormitories at Acacia Lodge.
This was on top of their
thrice-weekly night classes
that spanned three hours
per session.
So mn ath , wh o le f t his
hometown in India to join
Keppel five years ago,
shared, “Since my studies
were sponsored by the
company, I did not want
to let the organisation
or my supervisors down.
I challenged myself to
maintain my grades
throughout the course of
my studies.
“It was a pretty stressful two
and a half years of working
and studying at the same
time, but I am thankful to have
very supportive roommates
who encouraged me and
accommodated me in little
ways, such as by lowering
Mr Chow Yew Yuen (second from right), CEO of Keppel O&M, sharing a proud moment with Xiao Kun (extreme left), Somnath Das (second from left) and John Kartigan (extreme right) at their
Graduation Ceremony at Ngee Ann Polytechnic on 23 May 2015
Keppelite I June 2015
Empowering Lives29
Presently leading a team
of as many as 20, John
has come a long way since
he first started out as a
Technical Associate with
Keppel O&M five years ago.
“When I joined Keppel in
2010, I was totally new to
the industry and was not
sure if I could rise up to the
challenge. Thankfully, I had
very supportive supervisors
who not only mentored
me in my work, but also
encouraged me to take up
further studies.”
Beyond excelling
academically and performing
well at work, Mercado Aldrich
Gail Deposoy, a Technical
Associate (Machinery) from
Keppel Singmarine, has been
recognised with the Lee Kuan
Yew Model Trainee Award
for outstanding conduct
and leadership.
Mercado Aldrich Gail Deposoy (right), Technical Associate (Machinery), Keppel Singmarine, receiving the Lee Kuan Yew Model Trainee Award at
the ITE Student Achievers’ Awards Ceremony from Mr Bruce Poh (left), Director & CEO of ITE
the volume of the television
whenever I was revising.”
Xiao Kun left China eight
years ago to embark on a
career with Keppel. Wanting
to upgrade himself so that
he could take on more roles
and responsibilities, he
e n ro l l e d i n a d i p l o m a
course which he paid for
himself.
He shared, “I believe that
learning never stops no
matter how old you are.
To advance in our careers,
we have to keep seeking
new knowledge. I am
glad to have successfully
completed my diploma
and plan to study either
Mechanical Engineering or
Naval Architecture in a local
university in Singapore.”
Local boys
ace their course
John Kartigan, a
Superintendent from Keppel
FELS, is a Keppel O&M
scholarship recipient with
plenty of reason for cheer.
Not only did the 29-yearold graduate with a Marine
Engineering Diploma from
Ngee Ann Polytechnic with
commendable grades, he
also got married, purchased
a house and became a
father in the two and a half
years he took to complete
his studies.
Recounting his hectic
days as a part-time
student, John chuckled as
he shared, “There were
a number of very busy
periods as many assignment
deadlines coincided with
project deliveries. I studied
whenever I could find the
time, such as during lunch
breaks. I even studied in the
hospital when my wife was
in labour!”
The 23-year-old Singaporean,
who is currently pursuing
a Higher National Institute
of Technical Education
(ITE) Certification (NITEC)
course in Marine & Offshore
Te c h n o l o g y u n d e r t h e
Technical Associate Scheme
with Keppel O&M, was
selected from over 500
trainees for the award, which
was presented at the ITE
Student Achievers’ Awards
Ceremony on 28 May 2015.
The award recognises NITEC
and Higher NITEC trainees for
their outstanding leadership
qualities or exemplary
personal attributes.
Continues on page 30...
Keppelite I June 2015
30 Empowering Lives
...continued from page 29.
Noticing that some of
his classmates had more
difficulty following the
mathematics lessons due to
their weaker foundations in
the subject, Mercado decided
to set up a study group. The
group met thrice a week
on weeknights to revise,
discuss problems and solve
challenges in assignments.
“My greatest satisfaction is
seeing the big improvements
that my classmates have
shown in their studies over
time,” Mercado shared.
Scheduled to complete his
Higher NITEC course in
October 2015, Mercado is
determined to achieve good
results to do his family proud.
He shared, “My father, who
is also working in the marine
industry as a lead engineer,
has been a huge inspiration
for me. He used to share
stories about his daily work
at the yard which sparked my
interest in the offshore and
marine industry. To be able
to work in a huge company
like Keppel O&M is a great
first career step for me and I
want to do my best so that I
make my family proud.”
Mr Chow Yew Yuen, CEO
of Keppel O&M, had a
tea session with the four
outstanding Keppelites on
29 May 2015 to learn more
about their work and study
journey. Mr Chow said,
“Despite a heavy workload,
these four Keppelites
managed to do exceedingly
well in school and have
definitely exemplified our
Can Do! spirit. Their hunger
for knowledge and desire
to improve themselves are
traits we can all learn from.”
keppelite
Chatting over tea, the four outstanding Keppelites shared their work and study journey with Mr Chow Yew Yuen (centre in blue), CEO of Keppel O&M
Fuel for thought
The expectations of life depend upon diligence; the mechanic
that would perfect his work must first sharpen his tools.
Confucius
Keppelite I June 2015
Empowering Lives31
Insights into China
As part of Keppel Young
Leaders’ (KYL) lear ning
programme of case studies
o n K e p p e l ’s o v e r s e a s
business units, a team of
KYL members from Keppel
Land conducted an in-depth
study of the company’s
wholly owned subsidiary,
Keppel Land China, based in
Shanghai, China.
many who gained valuable
insights from the event. He
said, “When we talk about
doing business in China, we
think about the predominance
of guan xi (relationships).
However, as the panellists have
shared, relationship building is
practiced across the world in
many ways, not necessarily
through fancy dinners but
also constant engagement.
I also learned more
about the importance of
having an effective recruitment
plan such as Keppel Land
China’s ‘Grow Your Trees’
programme to hire and retain
local talents for our overseas
ventures.”
This is the third case study
that KYL has completed. The
first two case studies were on
Keppel AmFELS and Keppel
Subic Shipyard, Keppel’s
yards in the US and the
Philippines respectively. keppelite
The team studied wideranging aspects of Keppel
Land China’s development,
from conceptualisation,
set-up, operations,
strategies and challenges
to future directions. The
comprehensive study was
presented to Keppel senior
management and fellow
KYL members at Keppel
Leadership Institute on
9 June 2015.
The presentation drew
great interest from the
audience, evidenced by a
lively question and answer
session with a group of
panellists comprising Mr
Ang Wee Gee, CEO, Keppel
Land, and Keppel Land
China senior management
including President Mr Ho
Cheok Kong, CFO Mr Patrick
Lim, GM of Operations Mr
Ben Lee and GM of Human
Resources Mr Vincent See.
Despite coming from a
different industry, Lim Beng
Kiat, Senior Project Manager
(Commercial) of Keppel
Shipyard, was one of the
(From L-R) Mr Vincent See, GM (Human Resources) of Keppel Land China, Mr Ho Cheok Kong, President of Keppel Land China, and Mr Ang
Wee Gee, CEO of Keppel Land, fielded questions on Keppel Land’s experience in China
After gaining insight into Keppel Land China’s development through the case study presentation, audience members learnt more by posing
questions directly to the company’s senior management
Keppelite I June 2015
32 Empowering Lives
Model employees
Tw o K e p p e l i t e s f r o m
Keppel Singmarine, Than
Soe Oo, a supervisor in the
Machinery Department, and
Hossain Shahadat, a worker
in the Hull Department,
and one Keppelite from
Keppel Shipyard, Ang Hong
Siong, an electrician, were
conferred May Day Model
P a r t n e r s h i p Aw a rd s b y
the National Trades Union
Congress (NTUC) on 23 May
2015.
They were among 62
individuals, 44 companies
and 173 partners receiving
recognition for championing
the spirit of teamwork and
work excellence at the
annual NTUC May Day
Model Partnership Awards.
Mr David Loh, GM
(Operations), Keppel
Singmarine, who was at
the ceremony to support
the Keppel awardees, said,
“Soe Oo and Shahadat are
exemplary employees who
have worked hard for the
betterment of the company
and the co-workers around
them.
“As a supervisor, Soe Oo
came up with an effective
checklist system to guide
his team members and
track their progress, while
Shahadat has applied what
he learnt from his trainings
to execute his work well. I
am happy that their hard
work has been recognised.”
keppelite
Hossain Shahadat (third from the left) from Keppel Singmarine receiving the May Day Model
Partnership award from Mr Chan Chun Sing (third from right), Secretary-General of NTUC.
The presentation was witnessed by Mr David Loh (extreme left), GM (Operations) of Keppel
Singmarine, and Mr Razali Bin Maulod (second from left), President of Keppel Employees
Union
Loyal service
In recognition of the
contributions of 36
employees who have been
with the company for
five years, Sino-Singapore
Tianjin Eco-City Investment
and Development Co.,
Ltd (SSTEC) held a Long
Service Awards Ceremony on
18 May 2015.
The awards were jointly
presented by SSTEC CEO
Mr Ho Tong Yen and CEOdesignate Mr Liew Choon
Boon.
Thirty-six SSTEC employees received five-year Long Service Awards from Mr Ho Tong Yen (first row, fifth from left), CEO of SSTEC, and Mr Liew
Choon Boon (first row, sixth from right), CEO-designate of SSTEC
Keppelite I June 2015
Mr Ho said, “We are
happy to present the Long
Service Awards to 36 of
our colleagues, who have
contributed actively to SSTEC
and the development of
the Sino-Singapore Tianjin
Eco-City.
“Their steadfast loyalty is
one reason why the EcoCity development has
made steady progress since
it began seven years ago
and we want to show our
recognition and appreciation
for that.” keppelite
Empowering Lives33
Unbreakable sporting spirit
The 28th Southeast Asian (SEA) Games, held from 5 to 16 June 2015, saw Singapore
achieve its best performance to date with a record haul of 259 medals. Keppelites
who were part of Team Singapore share how they brought their Can Do! spirit onto
the regional stage.
Compared to his maiden
SEA Games experience in
Thailand in 2007, archer
Leow Ting Hao, Assistant
Superintendent, Keppel FELS,
found competing on home
turf “much more electrifying
and unforgettable”. Ting
H a o , w h o re p re s e n t e d
Singapore in the Individual
and Team Compound events,
enthused, “There was a
huge turnout for all the
matches and the cheers from
the home crowd was a huge
morale booster for all of the
Singapore athletes.”
Sharing that the unwavering
support from his family,
sup e r vi so r s an d fellow
colleagues spurred him on to
give his best, Ting Hao said,
“Our training sessions were
grueling and intensive, but my
manager from Keppel FELS,
Mr Thanaraj Krishnasamy,
was very understanding. He
granted me two months of
leave so that I could focus
on the Games. During the
competition period, my
colleagues cheered me on
constantly by sending me
texts of encouragement.”
who took away precious
memories from the event
a s o n e o f S i n g a p o re ’s
representatives in volleyball.
Despite being in the reserve
team, Zoe got over her initial
disappointment to cheer
her teammates on from the
sidelines.
Ting Hao was captain for
the Team Compound event,
in which Singapore came in
fourth place. “Even though
we came in fourth, this has
been a very fulfilling journey.
We gave our best and are
more determined to perform
better at the next SEA
Games. With an unflagging
Can Do! spirit, we will be
able to do just that.”
“All of us trained very hard
and I wanted badly to play
in the SEA Games together
with my sister, Grace, who
was selected for the squad.
Nonetheless, it is a great
honour to be a part of the
national team. When we
won the match against
Myanmar to clinch the
Bronze medal, it was such
a joyous moment that all of
us were in tears. Our years
of training paid off and that
victorious feeling was simply
incredible.”
Zoe Seet, Graduate Engineer,
Piping (Production), Keppel
FELS, was another Keppelite
Leow Ting Hao, Assistant Superintendent, Keppel FELS, had an unforgettable experience
competing in front of a home crowd as a member of Singapore’s archery team (Picture credit:
Sport Singapore)
Z o e ’s f e l l o w G r a d u a t e
Engineer, Heng Yang Ling,
contributed to the success
of the SEA Games in a
different capacity – as a
National Technical Officer
for Table Tennis. Likewise,
Keppel FELS’ Wong Xinyi,
Project Manager, officiated
Shooting, while Yeo Teck
Chye, Assistant Marketing
M a n a g e r, a n d T h o m a s
Mok, Draftsman, officiated
Taekwondo.
“It has been 10 years since
I represented Singapore
as an athlete in Shooting
during the SEA Games held
in Philippines. Although
I’m not playing this time
around, it is still a great
honour to officiate for such
a big sporting event held
on home ground,” Xin Yi
shared. keppelite
Zoe Seet (left), Graduate Engineer, Piping (Production), Keppel FELS, celebrating with her
sister, Grace Seet (right), when Singapore’s volleyball team clinched a Bronze medal at the
28th SEA Games
Keppelite I June 2015
34 Empowering Lives
K-Star Search has its winner!
The first-ever K-Star Search –
a Keppel Group-wide singing
competition organised by
Keppelite Recreation Club
– culminated in a final
showdown on 19 June
2015 at The Star Performing
Arts Centre.
Over 1,200 Keppelites from
across the business units,
together with families and
friends of the contestants,
turned up in full force with
their clappers, banners (some
of which even lit up) and fan
paraphernalia to support the
11 semifinalists.
Asian Games theme song –
and veteran award-winning
singer-songwriter Jimmy
Ye were the judges for the
evening.
Cheers from adoring fans
filled the auditorium as the
contestants unleashed star
power of their own, belting
out songs which showcased
their impressive vocal ranges,
honed through professional
training under renowned
vocal coach Chen Peter.
Kicking off the contest
was Lee Chien Wen from
Keppel Infrastructure who
wowed the audience with a
show-stopping rendition of
Taiwanese superstar A-Mei’s
“Bad Boy”, complete with
sizzling belly-dance moves.
Md Luqman bin Mohdari
from Keppel FELS enthralled
the audience with his
suave vocals and prowess
on the guitar, performing
jaunty acoustic renditions
of popular hits. Luqman,
who has his own YouTube
channel, eventually came in
first-runner up.
Decked out with sunglasses,
a glittery dollar sign chain
around his neck and a
Lending glamour to the
event were local celebrities
such as the hosts, comedians
Chua Enlai and Patricia Mok,
who had the audience in
stitches with their banter and
jokes in English, Mandarin
and even Hokkien.
The Sam Willows frontman
Benjamin Kheng, artiste
Tabitha Nauser – the singer
behind the 28th Southeast
Muhd Hafiz bin Senin of Keppel FELS (second from right), was crowned Keppel’s first-ever K-Star at the K-Star Search Final Showdown on
19 June 2015. CEO of Keppel Corporation Mr Loh Chin Hua (extreme right), presented Hafiz with a trophy and a cheque of $5,000, in the
presence of judges Benjamin Kheng (extreme left), frontman of local band The Sam Willows, and veteran award-winning singer-songwriter
Jimmy Ye (second from left)
The 11 K-Star Search semifinalists opened the show with a rousing performance of Whitney Houston’s “The Greatest Love of All”, led by celebrity vocal coach Chen Peter (centre with hat)
Keppelite I June 2015
Empowering Lives35
spiffy jacket, Balasundaram
Ponnambalam of Keppel
Te l e c o m m u n i c a t i o n s
& Transportation looked
every inch a hip hop star
as he performed a Tamil
song, “Ethirneechal”,
commanding the stage with
his nifty footwork and groovy
dance moves.
But the brightest glow was
to be found in the smile
on the face of Keppel FELS’
Muhd Hafiz bin Senin when
he was crowned the firstever K-Star for his winning
combination of powerful
vocals, confident stage
presence and unbridled star
quality.
The competition comprised
two rounds, with the top
five performing a second
song each in the final round.
Besides the top three awards,
which included cash prizes of
$5,000, $3,000, and $1,000
respectively, there were
prizes for “The X-Factor”
and “Best Dressed”, which
went to Keppel REIT’s Xu
Yawen and Keppel Shipyard’s
Cindy Chew respectively.
Cheering on from the front
row with his wife was
Mr Loh Chin Hua, CEO
of Keppel Corporation.
Singing the contestants’
praises, he said “From the
performances tonight, the
passion of our Keppelites
is evident. We can also see,
from how the audience
cheered, the tremendous
support that they gave to
their colleagues.
“One of the goals of
Keppelite Recreation Club
is to promote the spirit of a
unified Keppel. The singers
have done themselves proud;
even the judges themselves
told me onstage what a
remarkable group of talents
we have in the Group.”
Echoing these sentiments was
Mr Lim Tow Fok, President of
Keppelite Recreation Club.
“Thanks to the organising
committee and all the talent
managers, our months of
hard work have resulted
in a memorable event that
fostered stronger bonds
among the Keppelites!
K-Star Search is a unique
platform to strengthen
camaraderie amongst the
business units and promote
the spirit of One Keppel. I am
proud to say that we have
indeed achieved this.” keppelite
Continues on page 36...
Talents from across the group impressed the Keppel management with their vocal prowess
Colleagues, family and friends of the contestants turned up in full force to cheer on the
contestants
Chua Enlai (not pictured) and Patricia Mok (right) added glamour and humour to the show,
bantering with contestants such as Md Luqman bin Mohdari (left) from Keppel FELS who
came in second place in the competition
Keppelite I June 2015
36 Empowering Lives
...continued from page 35.
MEET SOME OF THE STARS
Muhd Hafiz bin Senin,
Keppel FELS – K-Star Search Champion
Hafiz attributes his success in the competition to an important figure in his life, his
mother. “Thanks to my mother, I am deeply influenced by old Malay rock songs.
The second song that I performed, “Kembali Padaku”, which means “come back
to me” in Malay, is my original composition and a tribute to her.
“I am humbled to be named as the first-ever K-Star. After all, I only joined Keppel
six months ago. However, I am deeply thankful for the support from my supervisors
and colleagues throughout this exciting journey which has definitely brought me
closer to them.”
Xu Yawen,
Keppel REIT – Second runner-up
Representing the Keppel Land group, Xu Yawen of Keppel REIT delivered soulful
renditions of two Mandarin ballads to the voluble delight of a legion of supporters
who came ready with colourful banners and clappers.
He said, “I did not plan on participating in the K-Star Search, but was asked to
take my colleague’s place as he was unable to attend the auditions. I am glad I
did! Singing has been a big part of my life since my choir days in school, and I feel
lucky to be able to share my passion with so many Keppelites!”
Gwen Foong,
Keppel FELS – Fifth place
With her soulful, powerhouse vocals, Gwen Foong of Keppel FELS moved the
audience with her renditions of Adele’s “Make You Feel My Love” and Christina
Perri’s “Human”.
Gwen shared, “It’s hard to imagine what it would be like without music in my
life. I started singing and playing musical instruments when I was five, and took
music as an ‘O’ Level subject. Making it to the top five of the K-Star Search is a
dream come true!”
Wong Mun Keong,
Keppel Shipyard – Most senior contestant
Sixty three-year-old Wong Mun Keong is a Keppel veteran, having been
with the company for 36 years. No stranger to singing competitions,
Mun Keong has won the championship title for a singing competition organised
by a community centre, as well as the last karaoke competition organised by
Keppelite Recreation Club.
Undeterred by not having made it to the second round of the finals, Mun Keong
is raring to compete again. “I really enjoy singing as I believe it is good for health
– it keeps my lungs strong! I know I can do better in K-Star Search and cannot
wait for the next run!”
Keppelite I June 2015
Empowering Lives37
Keppelites Around the World
Global citizen
John Yap likes to be known
as a global guy. It is a fitting
description, given that
the Singaporean has been
thrice posted overseas, to
Myanmar, Indonesia and
China, since he joined
Keppel Land in 2008. While
constant changes and
adapting to new cultures
may unsettle some, John
relishes every moment of his
life overseas.
“Working overseas often
offers a fresh perspective of
life. You see how different
cultures view and handle
issues differently. After
you amalgamate all these
diverse views, you can
gain new understanding
and make decisions that
you might not have made
before,” the 48-year-old
GM of Jiangyin Yangtze
International Country Club,
Keppel Land’s golf club in
Jiangyin, Jiangsu Province,
China, said.
edge, one cannot afford to
stay put in one’s comfort
zone. “Wuxi’s Taihu Lake
alone is bigger than the
whole of Singapore – and
it is just a lake! Given the
size of China, there are
boundless opportunities
for anyone who is willing
to take up the challenge of
exploring.”
Taking on challenges was
precisely what John did
when he leapt at the chance
to join the country club in
late 2013. He had never
worked in China prior to
that. Despite being no
stranger to immersion in a
foreign culture, John admits
that the initial months were
tough, especially since he
was not all that fluent in
Mandarin.
“The locals found it difficult
to understand me through
my ‘broken Mandarin’!
Moreover, I lead a team of
350 staff, so I have to work
extra hard at communicating
clearly with them to foster
mutual understanding and
respect.”
Through daily interactions
with his staff and local
business partners, John’s
Mandarin has improved
by leaps and bounds. The
improved fluency has been
coupled with a deeper
appreciation of Jiangyin. It
is an appreciation shared by
his wife and three children,
who moved from Singapore
to join him and who have
also fallen in love with the
rustic beauty of the city.
“My kids and wife have
adapted smoothly to the
culture here,” John said.
“While Jiangyin may be very
different from Singapore,
we appreciate all the various
beauties and quirks that this
place has to offer. Sometimes
all it takes is the support of
your family and the will to
succeed to make any corner
of the world your home.”
keppelite
Located on the southern
bank of the Yangtze River,
Jiangyin, which means
“shade of the river” in
Mandarin, is one of the
river’s five major ports in
Jiangsu Province.
In an increasingly globalised
world, John is certain that
to maintain a competitive
Keppelite I June 2015
John Yap (second from left) and his family have happily adapted to life in Jiangyin, a city in the Jiangsu Province of China
Keppelite I June 2015
38 Empowering Lives
Family time over dinner
In support of the annual ‘Eat With Your Family Day’ (EWYFD), an initiative by the Centre
of Fathering to strengthen family ties, Keppelites were encouraged to head home at
5.00 pm on 29 May 2015 and spend quality time with their families over a hearty meal.
Maritz Mansor (third from left), Head of Corporate Services, Keppel Telecommunications &
Transportation, shared, “It is important to catch up with the family regularly and not just on
special occasions, no matter how busy our schedules are.”
Lee Wan Yi (extreme left), Human Resource Executive, Keppel Telecommunications &
Transportation, celebrated EWYFD over steamboat, capturing the occasion with a ‘wefie’
Annie Poh (second from left), Senior Confidential Secretary, Keppel Land International,
prepared special dishes for her family on EWYFD. “Family plays an important part in our lives.
We are appreciative of this opportunity to gather and celebrate.”
Nur Syafiqah Suratemin (second from right), Senior Human Resource Assistant, Keppel
Singmarine, had a hearty chat with her family at home over dinner. “Family meals allow us to
share daily happenings and keep family bonds strong. I also get to enjoy my mom’s cooking!
Bullet Tan (extreme right), AGM (Health, Safety and Environment), Keppel Infrastructure,
shared, “Dinner holds a special place in my heart. While I may be away from home during
the day, there is always this strong desire to return home at the end of a work day to share a
meal with my love ones.”
Teo Shu Min (right), Accountant, Group Control & Accounts, Keppel Corporation, brought
her family out for dinner. “Mookata, a restaurant serving Thai-style steamboat, has been on
my family’s to-do list for a long time. We decided to take this opportunity to give it a try and
celebrate my sister’s birthday as well.”
Keppelite I June 2015
Communities39
Nurturing Nurturing
Communities
39
Care in the community
Keppelites continued their
efforts to positively impact
the communities in which
they operate – whether
through protecting the
environment or bringing joy
to youths.
Helping Mother
Nature
On 5 June 2015, Keppel Thai
Properties worked with Chet
Khot-Pong Kon Sao Nature
Study Centre located within
the Khao Yai National Park in
Saraburi province, Thailand,
to build check dams and
salt licks in the national
park. Check dams will help
to prevent soil erosion in
the area, which is highly
prone to floods during the
rainy season, while the salt
licks will benefit wildlife by
preserving minerals on the
forest floor that wild animals
depend on for nutrients.
on the preservation of the
ecosystem.”
Art comes alive
A total of 64 Keppel REIT
employees, children, parents,
caregivers and staff from
the Muscular Dystrophy
Association (Singapore)
(MDAS) had an exhilarating
time on 17 June 2015 when
they experienced art coming
to life at the Alive Museum.
The day started with
interactive games for the
children from MDAS and
Keppel REIT volunteers. This
was followed by a hearty
buffet lunch where everyone
bonded over good food
and laughter, before the
much anticipated visit to the
museum.
New friendships were forged
as everyone enjoyed hours
of fun interacting with art
exhibits created using threedimensional painting, shading
and drawing techniques.
Volunteers from Keppel Thai Properties laying the stone foundation for a check dam in the
Khao Yai National Park
Ten-year-old Muhd Hirwantor
shared excitedly at the end
of the day, “This is my first
time at the Alive Museum
and it is so much fun! My
new friends from Keppel and
I were laughing as we posed
for photos at the various art
exhibits.” keppelite
Sixty employees, including
their President, Mr Oh Lock
Soon, participated in the
dam construction. While
it may have been tiring
work for some, the activity
brought the volunteers closer
to nature, and increased
their appreciation of the
environment.
Ms Panicha Piromrak, Senior
Marketing and Sales Officer,
Keppel Thai Properties,
shared, “I have never done
anything like this before. I
am glad I had the chance
to create a direct impact
Keppel REIT volunteers and young members of the Muscular Dystrophy Association (Singapore) having fun interacting with the art exhibits at
the Alive Musuem
Keppelite I June 2015
40 Nurturing Communities
Sowing environmental awareness
Led by Keppel Land CEO Mr Ang Wee Gee (first row, sixth from right), some 80 Keppel Land volunteers spruced up the Tiong Bahru neighborhood with Chairman of the Public Hygiene Council,
Mr Edward D’Silva (first row, seventh from right), and representatives from the Public Hygiene Council and Tanjong Pagar Town Council
World Environment Day is
an initiative by the United
Nations Environment
Programme to raise global
awareness on climate
change and environmental
protection. In support of the
campaign, Keppelites across
the globe undertook activities
with the communities in
which they operate to spread
the green message.
Singapore
Reaffirming its commitment
to caring for the environment,
Keppel Land has adopted the
heritage-rich estate of Tiong
Bahru as a new “Bright Spot”
under the Public Hygiene
Council’s “Keep Singapore
Keppelite I June 2015
Clean Movement”. Keppel
Land is the first property
developer to do so with a
residential area.
The movement encourages
communities, organisations,
schools, interest groups and
individuals to adopt and
take ownership of shared
spaces by keeping them
clean, while educating and
encouraging eco-practices
among residents.
Keppel Land’s first litterpicking activity took place on
5 June 2015 in conjunction
with World Environment
Day. Some 80 employees,
led by CEO Mr Ang Wee
Gee, spruced up the
neighbourhood, where the
company’s latest residential
project Highline Residences is
located. Joining in the activity
were Public Hygiene Council
Chairman Mr Edward D’Silva,
and representatives from the
Public Hygiene Council and
Tanjong Pagar Town Council.
Mr Ang said, “We adopt a
proactive approach towards
environmental management
and protection to create a
sustainable future. We are
committed to caring for
the Tiong Bahru estate and
making it cleaner and more
beautiful for the benefit of
communities living in the
vicinity and Singaporeans
at large.”
Meanwhile, Keppel Land
continued to support
Ricoh’s Eco-Action Day, an
environmental awareness
initiative targeted at office
tenants.
Roadshows were held in
Keppel REIT’s properties –
Ocean Financial Centre,
Bugis Junction Towers and
Marina Bay Link Mall (for
Marina Bay Financial Centre
and One Raffles Quay) – to
share energy conservation
and other green tips with
tenants and visitors. Tenants
were also invited to pledge to
Nurturing Communities41
reduce energy and resource
consumption at work and
at home.
Brazil
In Angra dos Reis, Brazil,
BrasFELS volunteers gave
a presentation on water
conservation to about 200
students from Cor nelis
Verolme Municipal School on
3 June 2015. The students
also learnt how to create
homemade mosquito traps
by reusing plastic bottles.
BrasFELS’ Environmental
Technician Douglas Andrade
said, “It was very rewarding
t o s e e t h e c h i l d r e n ’s
enthusiasm in doing
their part to preserve the
environment. We are happy
to play a role in helping to
guide these children to be
socially responsible citizens.”
Qatar
Nakilat-Keppel Offshore
& Marine (N-KOM) and
Nakilat co-sponsored a
nationwide Environmental
Photography Competition
organised by a local nonprofit youth organisation,
The Youth Company, to raise
environmental awareness
amongst youth. By using
the photo-sharing social
media platform Instagram,
the organisers hope to
engage more young
people to participate in the
competition.
Back at their yard, N-KOM
organised an ‘Adopt
a Tree’ campaign which
saw employees sponsoring
trees to be planted within
the shipyard to add more
greenery to their workplace.
A total of 80 trees were
planted.
China
S i n o - S i n g a p o re T i a n j i n
Eco-City Investment and
Development Co., Ltd, the
master developer of the
Sino-Singapore Tianjin EcoCity, organised a quiz along
the township’s Commercial
Street on 5 June 2015.
Delighted participants
walked away with prizes
for correctly answering
questions on environmental
protection.
The prizes included energyefficient household items such
as mechanically powered
flashlights. The event was
part of year-round efforts to
increase awareness of and
encourage the adoption
of an eco-friendly lifestyle
among residents. keppelite
Keppel Land employees cleaning up Tiong Bahru, the company’s adopted “Bright Spot” under
the “Keep Singapore Clean Movement”
Mr Chandru Rajwani, CEO of N-KOM, giving the “green” thumbs-up to environmental
preservation during the tree-planting activity at the shipyard
BrasFELS volunteers teaching students from Cornelis Verolme Municipal School how to make
mosquito traps by reusing plastic bottles
There was enthusiastic participation by the general public in the environmental awareness
quiz organised by SSTEC along Sino-Singapore Tianjin Eco-City’s Commercial Street
Keppelite I June 2015
42 Nurturing Communities
Carnival with a cause
In conjunction with KK
Women’s and Children’s
H o s p i t a l ’s ( K K H ) S G 5 0
programmes, Keppel Care
Foundation has donated
$50,000 to the KKH Health
Endowment Fund for
underprivileged children
under its care. At KKH’s children’s carnival
held on 13 June 2015,
Mr Robert Chong, CEO of
Keppel Care Foundation
a n d D i r e c t o r, G r o u p
Human Resources, Keppel
Corporation, presented the
donation cheque to Professor
Kenneth Kwek, CEO of KKH,
in the presence of Ms Grace
Fu, Minister, Prime Minister’s
Office, Second Minister for
the Environment and Water
R e s o u rc e s a n d S e c o n d
Minister for Foreign Affairs.
At the carnival, 80 Keppel
volunteers set up games
stalls and posters showing
facts and figures about
Singapore to educate
and entertain over 200
children and their families.
Ex-national Singapore
footballer Aleksandar Duric
also held a football session
for the children at the event.
Mr Chong shared, “We are
delighted that Keppel Care
Foundation’s support of
KKH programmes, including
this children’s car nival,
allows KKH and Keppel
Volunteers to collaborate
Keppelite I June 2015
Mr Robert Chong (left), CEO of Keppel Care Foundation and Director, Group Human Resources, Keppel Corporation, presented a donation to
the KKH Health Endowment Fund on behalf of the Foundation to Professor Kenneth Kwek (right), CEO of KKH. Witnessing the presentation,
which took place during a KKH children’s carnival, was Ms Grace Fu, Minister, Prime Minister’s Office, Second Minister for the Environment and
Water Resources and Second Minister for Foreign Affairs
on outreach activities that
benefit underprivileged
children and their families.
It was meaningful that
our volunteers were able
to engage the children
on interesting facts and
figures about Singapore in
celebration of our nation’s
jubilee year. “Building on ongoing
initiatives by Keppel
Volunteers with KKH, we will
strengthen the partnership
through developing
sustainable programmes that
will benefit more children
in need.” keppelite
Keppel volunteers engaged in a morning of fun and games with beneficiaries of KKH at a
carnival held on 13 June 2015
Nurturing Communities43
Nourishing lives
Whether bonding through
baking or donating blood,
Keppel Volunteers seek to
make a difference through
meaningful volunteer
activities.
Fun with baking
Armed with recipes and
baking tools, 17 Keppel
volunteers took on the role
of master chefs and walked
through the steps of baking
cupcakes with 15 students
from the Association for
Persons with Special Needs
(APSN) on 16 May 2015.
Before long, the rich scent
of their confectionery
creations filled the
air in the APSN kitchen.
While delicious, it was
not the cupcakes that the
volunteers found the most
rewarding.
Shawn Yeo, Project Manager,
Keppel FELS, shared, “It was
a joy for me to do something
new like baking together with
the APSN students. Some of
them seldom get to handle
kitchen appliances and tools
and were understandably
feeling apprehensive at first.
Keppel volunteers and APSN students specially arranged their confectionery creation to celebrate Singapore’s 50th birthday this year
But their natural curiosity in
trying something new soon
helped them overcome their
doubt and fear, which was
very heartening to see.”
Another volunteer, Nerissa
Ng, Development Officer,
K e p p e l S h i p y a rd , s a i d ,
“Setting aside some time
to engage in such simple
but meaningful community
activities make me appreciate
what I have more. It was
heartwarming to see the
smiles on the students’
faces as they enjoyed
the cupcakes we baked
together.”
Joy in giving
Supporting the efforts of the
Singapore Red Cross Society,
Keppel Volunteers organised
the ninth run of the Keppel
blood donation drive from 9
to 12 June 2015. Over 100
Keppelites responded to the
call for blood donors.
One of the blood donors,
G o h S i H u i , E n g i n e e r,
Keppel Shipyard, shared,
“Keppel’s blood donation
drive encourages many of
my colleagues to participate,
especially since it is difficult
for most of us to find the
time to visit the blood bank
because of work and family
commitments. It is a great
and accessible way to make
a difference to someone’s
life.” keppelite
Shawn Yeo (left), Project Manager, Keppel FELS, and an APSN student (right) adding the
finishing touch to their cupcakes together
Keppelites across the Group gamely heeded
the call for blood donors
Keppelite I June 2015
BackPage
44
First Keppel DC REIT acquisition
Keppel DC REIT Management
Pte. Ltd., Manager of Keppel
DC REIT, has entered into a
sale and purchase agreement
with Macquarie Telecom
(MT) on 28 May 2015 to
acquire the shell and core
building of Intellicentre 2
(IC2) in Sydney, Australia,
for a purchase consideration
of approximately
A$43.3 million (S$45.9
million). This marks Keppel
DC REIT’s maiden acquisition
five months after its listing.
MT will sign a 20-year
triple-net lease agreement
with Keppel DC REIT, which
includes a mechanism for
annual rental escalation
and options to extend the
lease. MT will be managing
IC2 and be responsible
for all property-related
outgoings. MT, which is
listed on the Australian Stock
Exchange, was named the
Best Australian Data Centre
Service Provider by Frost &
Sullivan in 2013.
Keppel DC REIT’s first acquisition, Intellicentre 2, is a Tier III carrier-neutral data centre in Sydney, Australia
The purchase consideration
of approximately
A$43.3 million compares
favourably with the
independent market valuation
carried out by Colliers
International. The facility is
expected to be accretive to
the REIT’s distribution per
unit and net asset value per
unit. With this acquisition, the
overall portfolio Weighted
Average Lease Expiry (WALE)
will increase to 9.2 years
and portfolio risk will be
lowered through tenant
diversification.
Mr Chua Hsien Yang, CEO
of Keppel DC REIT, said,
“Sydney is a prominent
d a t a c e n t re h u b g i v e n
i t s s t ro n g d a t a c e n t re
ecosystem with established
telecommunication
infrastructure, skilled IT
human resources, geological
and political stability, as well
as a high concentration of
multinational corporations.
“This acquisition builds on
Keppel DC REIT’s established
track record in Sydney and
expands its footprint in
Australia. Keppel DC REIT
will be well-positioned to
tap the market’s growth
potential”
According to Frost & Sullivan,
Australia’s data centre
services market is expected
to grow at a compounded
annual growth rate of
13.9% from 2013 to 2020.
Their latest survey revealed
that over three quarters of
organisations that utilise
a data centre are using an
outsourced provider.
The acquisition will initially
be fully funded by debt and is
expected to be completed in
3Q 2015. Upon completion,
Keppel DC REIT’s aggregate
leverage is expected to
increase from 26.7% to
approximately 29.9%. The
inclusion of IC2 will bring
Keppel DC REIT’s portfolio of
quality data centres to a total
of nine which are strategically
located in key data centre
hubs across the Asia Pacific
and Europe, with an assetsunder-management value of
approximately S$1.07 billion.
keppelite
Keppelite I June 2015
Printed on recycled paper
IC2 is a Tier III carrier-neutral
data centre strategically
located within the
Macquarie Business Park, a
research and business park
in Sydney that specialises
in the communications and
information technology (IT)
sectors. Completed in 2012,
the data centre has a total
lettable area of 8,169 sm
and sits on approximately
20,000 sm of freehold
land.