Window to the World - Keppel Land China · 2014-06-03 · the Offshore Technology Conference (OTC)....

Window to the WorldMCI (P) 153/01/2014

May 2014www.kepcorp.com/ekeppelite

Two of a kind 4

Strengthening

ASEAN synergy 11

Keppel women

rule the waters 24

Keppelite I May 2014

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Contents

CO REG NO: 196800351N

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Cover image: Following the success of Words on Wheels in Hanoi, Keppel Land once again partnered the Singapore International Foundation (SIF) to bring their mobile library programme to Ho Chi Minh City. (Photo courtesy of SIF)

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 AdvisorWang Look Fung

EditorEileen Tan

Editorial CommitteeAng Lai Lee, Candice Low, Carol Huang, Cheryl Goh, Chew Chong Peng, Dale Lai, Donald Sng, Elizabeth Widjaja, Eva Ho, Frances Teh, Grace Chia, Hayley Teo, Hoo Yao Lin, Ivana Chua, Jayne Yeo, Lee Chin Siang, Lee Wan Jun, Liang Hui Hui, Priscilla Chong, Razali Maulod, Roy Tan, Sam Neo, Say Huan Yuan, Serena Toh, Sue Ann Huang, Teri Liew, Tracy Pham, Woon Pek Yong, Yolanda Guo, Yu Zehan

SUSTAINING GROWTHTwo of a kind 4

Keppel REIT sells Prudential Tower for $512 million 5

Building on strong ties 6

China chords 8

Superior accommodations 9

Stellar homes

Spotlight on safety 10

Strengthening ASEAN synergy 11

Key appointments 12

Lauded for safety 14

Forging stronger relations with Brunei 15

Brazilian heavyweight

SpECIAl FOCUSSetting green standards 16

Food for thought 19

Labour cause

Spurring InnovationsThe right match 20

Changing mindsets 21

Green marina

Communicating excellence 22

Engineering improvements

EMpOWERING lIVESInspiring leadership 23

Keppel women rule the waters 24

Refreshing makeovers 25

Rewarding internship 26

Keppel Games is back

Keppelites AbroadTenacious teacher 27

NURTURING COMMUNITIESWindow to the world 28

Oceans of fun 29

Nature wonders 30

Music to their ears

Keppel VolunteersAgainst all odds 31

BACK pAGEInnovative rig with P&A features 32

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Editorial


Pledge towards a sustainable future

The 12th Parliament of Singapore opened its second session on 16 May 2014, with President Tony Tan calling on fellow Singaporeans to renew their pledge to build a better and brighter Singapore.

The President emphasised that new strategies will be set out to chart the next chapter of growth for our nation even as Singapore marks its 50th year of independence next year. As the President aptly put it, “Our environment has changed, and so must our approach to nation building.”

Likewise at Keppel, we have to increase our agility in a fast-changing world and continue to improve our value proposition to stakeholders.

To do that, we must first be adept at sensing the shifts in the environment. That is why it is important to always keep ourselves abreast of industry trends, for example, through active participation in international exchanges and conferences – be it closer to Singapore like the ASEAN Council on Petroleum or further afield such as the Offshore Technology Conference in Houston. By doing so, we keep our fingers on the pulse of the markets to create and capture opportunities.

We must take bold and measured steps in shaping our future. Our recent extension of Near Market Near Customer strategy into the offshore sector in China is a prime example. In April, Keppel Offshore and Marine entered into a partnership with Titan Petrochemicals Group by signing a conditional management service agreement for a 30-year period to manage the Titan Quanzhou Shipyard in China, traditionally a closed market in this sector. The huge Chinese market represents tremendous opportunities if tapped correctly. By structuring a win-win collaboration with strong Chinese partners, we would potentially be able to populate the Chinese market with our proprietary offshore solutions.

To support our ability to take decisive actions towards growth, we must continue to sharpen our tools of the trade. Hard work and continuous innovation remain key to our drive towards excellence and value creation, as with the ability to do so in a sustainable manner.

The award of BCA Green Mark Champion to Keppel Land (see Special Focus) this year is a recognition of Keppel’s continuous efforts in applying green technologies and environmental standards. As a commitment in taking a proactive approach towards environmental protection and sustainability, Keppel Land has set a benchmark for all its new projects in Singapore to attain at least the BCA Green Mark GoldPLUS rating. In addition, a further target was set for all its completed commercial properties in Singapore to meet at least the BCA Green Mark GoldPLUS standard by 2015.

Amidst rapid changes in the global arena, one thing remains constant – people will be the cornerstone of our success. Keppel remains committed to cultivate and empower a robust and united workforce that embraces the same zeal for the future and passion for innovation, to deliver value for our businesses.

Singapore has survived through the early years of nation-building and become today a thriving cosmopolitan city. At 50, Singapore is still “a young nation”, “with great promise ahead”, as the President noted.

Likewise, Keppel, having celebrated its 45th anniversary just last year, remains steadfast to our goal of achieving sustainable growth by constantly shaping itself for the future.

4 Sustaining Growth


4 Sustaining Growth

Keppel FELS’ B Class jackup rig has proven itself to be the trusted, reliable workhorse of the industry. Keppel FELS has delivered its second project for Malaysia’s UMW Oil & Gas Corporat ion Berhad (UMW O&G) 32 days ahead of schedule and with no lost-time incident on 29 April 2014.

F o r i t s o u t s t a n d i n g performance, Keppel FELS was awarded an early delivery bonus of US$480,000.

The vessel was named by the Lady Sponsor Puan Sri Habibah Mohd Salleh, wife of Chairman of UMW O&G, Yang Berbahagia Tan Sri Asmat Kamaludin.

Speaking at the delivery

Two of a kind

ceremony, Mr Chow Yew Yuen , CEO of Keppe l Offshore & Marine (Keppel O&M), sa id, “Through good teamwork, Keppel and UMW’s f i r s t two collaborations have been successful. Both UMW Naga 5 and our first project, UMW Naga 4, were completed safely and ahead of schedule.

A third KFELS B Class jackup for UMW O&G is under construction at Keppel FELS, and is on track for delivery in the third quarter of 2015.

“I would l ike to thank UMW O&G for repeatedly choosing Keppel and the KFELS B Class for the expansion of its premium fleet. Today, the KFELS B Class is the industry standard

for robust, cost-effective drilling solution for shallow waters. The design has a proven track record for efficient operations in many parts of the world. As such, we are certain that UMW Naga 5 will also prove to be a valuable asset to UMW O&G as it continues to grow presence in the Asia Pacific region.”

UMW Naga 5 w i l l be deployed by Nido Petroleum in the Philippines. Delivered to UMW O&G in 2013, UMW Naga 4 is currently supporting the operations of Petronas in Malaysia.

Developed by Keppel ’s jackup design arms, Offshore Technology Development and Bennett Offshore,

the KFELS B Class rig is able to operate in water depths of up to 400 ft and drilling depth of 30,000 ft. The design incorporates Keppel’s advanced and f u l l y - a u t o m a t e d h i g h capacity rack and pinion elevating system and self-positioning fixation system.

In 2009, the KFELS B Class received the Prestigious Engineering Achievement Award from the Institution of Engineers Singapore for its environmentally-friendly features.

W i t h s t r o n g m a r k e t demand, the KFELS B Class makes up about 30% of the jackups to enter the global market since 2000. keppelite

Lady Sponsor Puan Sri Habibah Mohd Salleh (front row, centre) celebrates the naming and delivery of UMW Naga 5 with UMW management led by Yang Berbahagia Tan Sri Asmat Kamaludin (front row, third from right), Chairman of UMW O&G, and Keppel management led by Mr Chow Yew Yuen (front row, third from left), CEO of Keppel O&M


Sustaining Growth 5

Keppel REIT sells Prudential Tower for $512 millionKeppel REIT has entered in to agreements w i th companies held by KOP Limited, Lian Beng Group Ltd, KSH Holdings Limited and Centurion Global Ltd for the sale of its 92.8% interest in Prudential Tower for $512 million.

This is 4.5% above the latest valuation of $490 million a s a t 28 Apr i l 2014 . It also represents a 46.7% premium over Keppel REIT’s original purchase price of $349.1 million.

A substantial amount of the sale proceeds will be used to repay existing debt to provide Keppel REIT with greater financial flexibility, with the remaining amount to be used for general corporate and working capital purposes and/or for pursuing acquisition opportunities.

The divestment of the property is in line with the Manager’s pro-active review and evaluation of its assets to optimise its portfolio. With a net lettable area (NLA) of 221,080 sf, it constitutes 7.1% of Keppel REIT’s total portfolio by NLA.

Post divestment, Keppel REIT’s aggregate leverage

will decline from 42.1% to 38.8%.

Keppel REIT has received a n i n i t i a l d e p o s i t o f $25.6 mi l l ion and the transaction is expected t o b e c o m p l e t e d o n 26 September 2014.

Following the divestment, Keppel REIT’s portfol io in Singapore will consist of four premium office buildings – a 99% interest in Ocean Financial Centre, a one-third interest in Marina Bay Financial Centre Phase One (comprising Towers 1 and 2 and Marina Bay Link Mall), a one-third interest in One Raffles Quay, and Bugis Junction Towers, all of which are 100% committed.

Located near the Raffles Place MRT Interchange and Telok Ayer MRT stations, P rudent ia l Tower i s a 16-year old Grade A office building which is currently fully occupied. In 2013, Prudential Tower completed a $3.3 million refurbishment to enhance the common f a c i l i t i e s a n d o v e r a l l aesthetics of the building.

P rudent ia l Tower i s a BCA Green Mark GoldPLUS

certified building. It was conferred the Water Efficient

Building Award by the Public Utilities Board in 2009 and the FIABCI Prix d’Excellence Award in the office category in 2003. keppelite

Keppel REIT has sold its 92.8% stake in Prudential Tower for $512 million which is 4.5% above its valuation

6 Sustaining Growth


Customers, partners and business associates of Keppel Offshore & Marine (Keppel O&M) from around the world gathered once again in Houston, Texas, US, at the company’s cocktail reception held in conjunction with the Offshore Technology Conference (OTC).

Held on 6 May 2014, the cocktail party hosted by Keppel O&M’s Board and

Building on strong tiesManagement, has become a flagship event at the annual OTC.

Over a thousand guests turned up for the cocktail party where old friendships were rekindled and new contacts made.

Keppel O&M also used the opportunity to put up exhibits on its suite of solutions and global operations with a

focus on its yards in the US and Brazil, as well as its commitment to move ahead with Mexico.

Upcoming new proprietary solutions including the CAN DO drillship, Seafox 8 accommodation jackup with plug and abandonment features, as well as its Floating Liquefied Natural Gas conversion capabilities, were also showcased.

Nakilat-Keppel O&M, Keppel’s joint venture yard in Qatar, also introduced its new lift boat which is customised for service in the Middle East region.

Founded in 1969, OTC is the world’s foremost event for the development o f o ff shore re sources in the fields of drill ing, exploration, production and environmental protection. keppelite

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Catching up with old friends at OTC Houston 2014 are (from left) Mr Choo Chiau Beng, Senior Advisor, Keppel Corporation; Mr Daniel Rabun, Chairman, President and CEO, Ensco plc; Mr Loh Chin Hua, CEO, Keppel Corporation and Chairman, Keppel O&M; Mr John Rynd, CEO and President, Hercules Offshore; Mr Chow Yew Yuen, CEO, Keppel O&M; and Mr Mark Burns, EVP and COO, Ensco plc


Sustaining Growth 7

2. Moving with Mexico: Mr Loh Chin Hua (second from left), CEO, Keppel Corporation and Chairman, Keppel O&M, and Mr Wong Kok Seng (first from right), MD (Offshore), Keppel O&M and MD, Keppel FELS with Mr Gonzalo Gil White (second from right), CEO, Oro Negro and Mr Manuel Olea (first from left), Special Projects Director, Oro Negro; 3. (From left) Mr Kenny Cai, MD, TS Offshore; Mr Lim Chin Leong, Board Director, Keppel O&M; Dr Lee Boon Yang, Chairman, Keppel Corporation and Mr Zhao Xuguang, Chairman, Titan Petrochemicals Group; 4. Ladies having a good time: (From left) Mrs Zafni Sharples; Mrs Clara Chow; Mrs Eileen Choo; Ms Wang Look Fung, Director, Group Corporate Affairs, Keppel Corporation; Mrs Gaye Bennett and Mrs Oon Kum Loon, Board Director, Keppel Corporation; 5. Guests viewing the exhibits at the Keppel O&M reception at OTC Houston; 6. (From left) Mr Chor How Jat, MD, Keppel Shipyard; Mr Tong Chong Heong, Senior Advisor, Keppel O&M; Mr Faron Thibodeaux, Region VP – Australia Region and MD, Apache Energy; Mr Chow Yew Yuen, CEO, Keppel O&M and Mr Hoe Eng Hock, MD, Keppel Singmarine; 7. (From left) Mr Jonathan Fairbanks, Partner and Co-founder, Global Energy Capital; Mr Chan Hon Chew, CFO, Keppel Corporation; Mr Michael Chia, MD (Marine & Technology), Keppel O&M and Mr Sit Peng Sang, Board Director, Keppel O&M

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8 Sustaining Growth


Keppel continues to cultivate its cherished ties with China by building on strong rapport and relations with Chinese delegations.

SHARING BEST pRACTICESKeppel recognises that good corporate governance is vital to the sustainability of the Company’s businesses and performance. Its unwavering focus on strong corporate governance and prudent risk management continue to draw interest from the Chinese business community.

On 21 May 2014, Keppel Corporation’s Chairman D r L e e B o o n Ya n g w a r m l y r e c e i v e d a 4 1 - s t ro n g d e l e g a t i o n from China’s State-owned Assets Supervis ion and

China chordsAdministration Commission o f t he S t a t e Counc i l (SASAC).

Jo in ing Dr Lee at the exchange were Mr Danny Teoh, Independent Director, and Mr Teo Soon Hoe, Senior ED of Keppel Corporation.

The delegates were engaged in robust discussions to gain insights into the Group’s co rpora te gover nance processes. The meeting concluded with a tour of the show gallery at Corals at Keppel Bay.

VISIT TO ZHONGSHANOn 12 May 2014, Mr Hu Chunhua, Member of the Pol i t ical Bureau of the Communist Party of China (CPC) Central Committee and Secretary of the CPC

Guangdong P rov inc ia l Committee, visited Keppel Land’s integrated residential c u m m a r i n a l i f e s t y l e development in Zhongshan.

The v is i t fo l lows Party Secretary Hu’s recent visit to Marina at Keppel Bay in Singapore on 20 April 2014.

A c c o m p a n y i n g P a r t y Secretary Hu were Secretary of the CPC Zhongshan Mun i c i pa l Commi t t ee Mr Xue Xiaofeng, Zhongshan Mayor Mr Chen Liangxian, Zhongshan Vice Mayor Mr Xie Zhongfan, Shenwan Party Secretary Mr L in Xiquan, Shenwan Town Mayor Mr Chen Fuxin and Deputy GM (Zhongshan), K e p p e l L a n d C h i n a , Mr Jack Long.

Keppel Corporation’s unwavering focus on corporate governance drew interest from the SASAC delegation

During the visit, Vice Mayor Xie updated Party Secretary Hu on the developments in the yacht manufacturing and leisure industries in Shenwan, as well as on Keppel Land’s project.

Located in Shenwan Town, the deve lopment w i l l comprise landed houses with individual private berths as well as mid- and high-rise apartments.

It will be one of the first p r e m i u m w a t e r f r o n t d e v e l o p m e n t s i n t h e region, offer ing about 450 additional berths for the yachting community, fine dining options and comprehens ive mar ina recreational activities for res idents and v i s i tors . keppelite


Sustaining Growth 9

Keppel Land has achieved s t rong take-up for i t s residential development, The Estella in Ho Chi Minh City, with about 97% of 719 units in Phase 1 sold.

Hot on the heels of this success, Keppel Land and its joint venture partner, Tien Phuoc, held an exclusive auction of its two show units. The luxuriously furnished show units were sold at 5.84 billion VND ($345,000) and 7 .37 b i l l i on VND ($438,000) respectively.

Located on the eleventh storey, the apartments overlook the swimming

Stellar homesp o o l a n d l a n d s c a p e d gardens, offering residents a panoramic view of the city’s skyline.

The Estella is located within the popular expatr iate community of An Phu-Thao Dien in District 2. It is a 15-minute drive to the central business district via the East-West Highway and Thu Thiem Tunnel. C l o s e t o r e p u t a b l e international schools, it is minutes away from Metro Hypermarket as well as Parkson shopping centre and Lotte cinema, providing a d d e d c o n v e n i e n c e to residents. keppelite

The Estella is located in the popular District 2 of Ho Chi Minh City, which enjoys close proximity to the central business district

F l oa t e l I n t e r na t i ona l , a subsidiary of Keppel Offshore & Marine, has been awarded a contract to provide an accommodation and construction support vessel for the BP Magnus Life Extension Project, located in the North Sea.

T h e D S S ™ 2 0 N S a c c o m m o d a t i o n semisubmersible Floatel Superior, jointly developed by Keppel’s Deepwater Technology Group and partner GustoMSC, will commence its charter in February 2015 for a period of three months. keppelite

Superior accommodations

The DSS™ 20NS accommodation semisubmersible Floatel Superior will be supporting BP in its operations in the North Sea

10 Sustaining Growth


With safety as a core value, Keppel commits significant resources to raising safety awareness and competencies across its business units as well as in the industry.

WSH CONFERENCEPlaying its part to advance workp lace sa fe t y and health (WSH) standards and practices in the industry, Keppel was once again a Gold Sponsor with a contribution of $150,000 to Singapore’s WSH Conference. Keppel has been a sponsor of the biennial event since it debuted in 2010.

Organised by the Singapore’s WSH Council, WSH Institute and Ministry of Manpower, the conference was held from 7 to 8 May 2014 and attracted some 700 delegates from

Spotlight on safetyacross the regions. This year, the theme was ‘Integrating Safety and Health: Towards a holistic approach’.

BOARd SAFETy COMMITTEE VISITAs part of its continual efforts to strengthen safety standards across Keppel’s business units worldwide, Keppel Corporation’s Board Safety Committee (BSC) visited BrasFELS, Keppel Offshore & Marine’s (Keppel O&M) yard in Brazil on 8 May 2014. The visit allowed the BSC to better understand the yard’s Health, Safety and Environment (HSE) programmes, init iat ives and prac t i ces , and to re commend a rea s fo r improvement. Located in Angra dos Reis, Rio de Janeiro, BrasFELS has a

workforce of around 7,200 and is currently working on a number of significant projects for Brazil.

During the visit, the BSC c o m p r i s i n g C h a i r m a n Mr Tan Ek Kia, members D r L e e B o o n Ya n g , Mr Loh Chin Hua and Mr Tan Puay Chiang, walked the yard and observed first-hand the workers’ daily work practices. They also spoke to workers to gauge their understanding of good safety habits and procedures. Mrs Oon Kum Loon, Chairman of the Keppel Board Risk Committee, Mr John Birchall, Keppel Group Safety Coordinator and Mr Yong Chee Min, GM (HSE) of Keppel O&M, also participated in the yard walkabout.

SAFETy WORKSHOpO v e r a t K e p p e l T h a i Properties, Keppel Land’s subsidiary in Thailand, a to ta l o f 23 s ta ff and contractors participated in a “Safety Management in Construction” workshop at Villa Arcadia Srinakarin on 30 April 2014. The workshop was conducted by Mr Jak Siripak, Director, Thailand’s Safety and Health at Work Promot ion Assoc iat ion who has over 30 years of experience in the field.

Participants learnt more using construction tools and equipment in a safe manner, as well as tips on how to prevent injuries at worksites. This was followed by a robust discussion, led by President of Keppel Thai Properties, Mr Oh Lock Soon. keppelite

Keppel Corporation’s Board Safety Committee, led by Chairman Mr Tan Ek Kia, visited BrasFELS on 8 May 2014 to better understand the yard’s HSE programmes and practices


Sustaining Growth 11

To strengthen synergy and foster cooperation in the Southeast Asian petroleum sector, Keppel Corporation hosted the 77th ASEAN Counc i l on Pet ro leum ( A S C O P E ) N a t i o n a l Committee & Associated Meetings from 14 to 20 May 2014.

O v e r 1 5 0 d e l e g a t e s congregated at Pan Pacific Singapore Hotel where they engaged in robust discussions on diverse petroleum-related issues and chal lenges. The intensive schedule of meetings notwithstanding, the delegates also found the time to form new friendships and catch up with old friends.

Established in 1975, ASCOPE c o m p r i s e s 1 0 A S E A N

Strengthening aSEaN synergy

(Association of Southeast Asian Nations) country members who are mostly represented by their national oil companies.

K e p p e l h a s b e e n representing Singapore in ASCOPE since 2010. Mr Choo Chiau Beng,

Representing the 10 ASEAN countries, the ASCOPE National Committee Chairpersons and Mr Victorino S. Bala (extreme right), ASCOPE Secretary-In-Charge, gathered in Singapore for the 77th ASCOPE National Committee Meeting

(From L-R) Mr Koh Ban Heng, ASCOPE National Committee Chairperson for Singapore; Mr Loh Chin Hua, CEO of Keppel Corporation; Mr Victorino S. Bala, ASCOPE Secretary-In-Charge; and Mr Chow Yew Yuen, CEO of Keppel Offshore & Marine, attended the welcome dinner for ASCOPE National Committee Chairpersons on 18 May 2014

Senior Advisor of Keppel Corporation, is a Council Member for Singapore, while Mr Koh Ban Heng, Board Director of Keppel Infrastructure and Senior Adv i so r o f S i ngapo re Petroleum Company, is the National Committee Chairperson for Singapore.

T h r o u g h f a c i l i t a t i n g active collaboration and mutual assistance in the development of petroleum resources amongst ASEAN countries, ASCOPE harnesses the strategic importance of petroleum to contribute to the economic development of Southeast Asia. keppelite



Mr Thomas Pang will be appointed CEO of Keppel Telecommunications & Transportation with effect from 1 July 2014

As part of Keppel Group’s c a r e e r d e v e l o p m e n t framework for key executives, several appointments were made in May.

INFRASTRUCTUREMr Khor Un -Hun has succeeded Mr Thomas Pang Thieng Hwi as the CEO of Keppel Infrastructure Fund Management (KIFM), Tr u s t e e - M a n a g e r o f Keppel Infrastructure Trust (KIT), with effect from 15 May 2014.

Consequently, Mr Thomas Pang relinquished his role at KIFM and has assumed h i s new ro le as CEO-Designate with Keppel Te lecommunicat ions & Transportation (Keppel T&T).

Key appointments

He will succeed Mr Pang Hee Hon as CEO on 1 July 2014. Mr Pang Hee Hon has resigned due to personal reasons.

Mr Khor Poh Hwa, Chairman of KIFM, said, “The Board wi l l l ike to express i ts appreciation of Thomas’ contributions to KIT as the first CEO since its listing in 2010.

“During his tenure, the Trust delivered steady financial results. In addition, the management augmented one of the properties in its portfolio with Singapore’s largest solar photovoltaic installation.”

On Mr Khor Un-Hun’s

appointment, Mr Khor P o h H w a s a i d , “ T h e Board is confident that Un-Hun’s experience in corporate finance and his understanding of capital markets throughout Asia wi l l a l low him to spur Keppel Infrastructure Trust’s growth with its widened investment mandate.”

Mr Khor Un-Hun was appointed Development D i r e c t o r o f K e p p e l Infrastructure Holdings (KI) in April 2014, where he worked on KI’s various business development initiatives.

Prior to joining KI, Mr Khor Un-Hun spent most of his career in banking, during which he was involved in

a wide range of mergers and acquisitions, financial advisory, capital markets and debt t ransact ions across different sectors throughout Asia.

He held various positions in the corporate finance teams of Deutsche Bank and ING Bank in Singapore and Hong Kong before becoming MD and Head of Corporate Finance, Asia at ING Bank, where he oversaw the origination and execution o f c o r p o r a t e f i n a n c e transactions in the region. He was also a member of ING Bank’s regional management committee.

Mr Khor Un-Hun, 44 years old, holds a Bachelor of

Mr Khor Un-Hun has been appointed CEO of Keppel Infrastructure Fund Management, Trustee-Manager of Keppel Infrastructure Trust



Accountancy degree with First Class Honours from Nanyang Technological University and is a Chartered Financial Analyst.

On Mr Thomas Pang’s appointment, Mr Teo said, “The Board is confident that given Thomas’s track re co rd w i th i n Keppe l Group and his business acumen, he will be able t o s p u r K e p p e l T & T onto i t next phase of development. As part of the Keppel Group’s career development framework for key executives, he was identified as demonstrating strong Keppel values and management ski l ls. We believe that Thomas will build on the successes of Keppel T&T and add further value to its businesses.”

As the CEO of K I FM, Mr Thomas Pang was responsible for working with the Board to determine the strategy for KIT. He worked with other members of the KIFM’s management team to execute the stated strategy of KIT.

Mr Thomas Pang joined Keppel Offshore & Marine (Keppel O&M) in 2002 as a Senior Manager (Merger Integration Office) to assist in the merger integration o f K e p p e l F E L S a n d Keppel Shipyard. He was promoted to GM (Corporate Development) in 2007 and oversaw the investment, mergers and acquisitions and strategic planning of

Keppel O&M, during which he assisted in Keppel O&M’s expans ion into Japan, Indonesia, China, Qatar and Azerbaijan, as well as the establishment of Keppel O&M Technology Centre.

Prior to that, he was an Investment Manager with Vertex Management (United Kingdom) from 1998 to 2001. Mr Thomas Pang was also the VP (Central USA) of the Singapore Tourism Board from 1995 to 1998, as well as Assistant Head (Services Group, Enterprise Development Division) at the Economic Development Board of Singapore from 1988 to 1995.

Mr Thomas Pang, 49 years old, obtained a Bachelor of Arts degree and an Honorary Master of Arts degree from the University of Cambridge in 1988 and 1993 respectively.

KEppEl CORpORATIONIn a separate move, Mr Tay

Lim Heng, 50, has been appo inted as D i rec tor (designate) of Group Risk M a n a g e m e n t , K e p p e l Corporation. He will take over the portfolio officially from 1 July 2014 from Ms Tina Chin, GM, Group Risk Management, who will be retiring after having served more than 30 years in the Group.

Mr Tay was MD (Waste-to - Ene rgy ) o f Keppe l Infrastructure. He was the CEO of Keppel Integrated Engineering from January 2011 to April 2013, and Deputy CEO from June to December 2010. He is also a Director in various subsidiary companies under the Keppel Group.

Prior to joining the Group, Mr Tay se r ved in the Singapore Administrative Service as Deputy Secretary (Deve lopment ) i n the M i n i s t r y o f N a t i o n a l Development. Before that, he was the Chief Executive

of the Maritime and Port Authority of Singapore, where he was also a Board Member of the Singapore Maritime Foundation and Centre of Maritime Studies.

Mr Tay held various key a p p o i n t m e n t s i n t h e Singapore Armed Forces and was awarded the Public Admin i s t r a t i on Meda l (Gold) (Military).

Mr Tay is currently the President of the Singapore Water Association Council and a Member of the Consultative Committee of the Department of Building, Nat iona l Un ivers i ty of Singapore. keppelite

Fuel for thought

Perseverance is not a long race; it is many short

races one after the other.

Walter Elliot, Scottish Politician



Lauded for safety

Receiving the International Safety Awards from the CEO of the British Safety Council, Mr Alex Botha (right), is Mr Marken Ang, Workplace Safety and Health Manager, Keppel Land

Safety takes preeminence as a Keppel core value and forms an integral aspect of the Group’s operations. Across the Group, business units were lauded for their good safety management and performance.

KEppEl SHIpyARdK e p p e l S h i p y a rd w a s presented a cheque of US$10,000 by M3nergy Offshore Limited (M3nergy Offshore) on 30 April 2014 for achieving two million safe man-hours without lost - t ime inc idents on the Floating Production Storage and Offloading (FPSO) Ratu Nusantara project. Keppel Shipyard is undertaking refurbishment and life extension works; fabrication and installation of new structures, piping systems, spread-mooring system; upgrading of the living quarters; as well as the installation and integration of the topsides process modules for the FPSO, which will be deployed offshore Indonesia.

Mr Burt Loh, GM (Operations) of Keppel Shipyard, said, “Keppe l Sh ipyard and M3nergy Offshore have established great rapport and strong partnership from years of working together on conversion projects. Keppel Shipyard will continue to be committed to safe execution and quality delivery to the satisfaction of our customer.”

KEppEl dHCSA t K e p p e l D H C S , a n appreciation lunch was held for its staff and contractors to commemorate 500,000 m a n - h o u r s o f s a f e operations, maintenance and project works, clocked cumulatively across all its plants and project sites since 2013. Keppel DHCS provides cost-effective and green district heating and cooling solutions in Singapore at Changi, Woodlands, Biopolis and Mediapolis. Its plant in the Sino-Singapore Tianjin Eco-City, China, incorporates the use of geothermal energy.

Mr Joseph Ng, CEO of Keppel DHCS, said, “We constantly strive to ingrain safety in our work culture. We are pleased to have reached this milestone and we will continue to work with our partners to ensure safety remains a priority for our people’s wellbeing.”

KEppEl lANdKeppel Land’s excellence in

safety management at the workplace was recognised at the International Safety Awards held in London on 25 April 2014 when it was conferred the Merit Award.

Into i ts 56th year, the International Safety Awards is organised by the British Safety Council. It seeks to promote high standards o f hea l t h and s a f e t y management practices.

M3nergy Offshore Project Manager Robert Mountjoy (third from right) presented Keppel Shipyard with a cheque for FPSO Ratu Nusantara project’s achievement of two million man-hours without lost-time incidents

A total of 550 entr ies w e r e r e c e i v e d f r o m international organisations across various industries. All applications have to undergo comprehensive and independent audits conducted by the Council to verify the efficiency, e f f e c t i v e n e s s a n d reliability of the company’s occupational health and safety management systems. keppelite



With a lifting capacity of 2,000 tonnes, the newly installed gantry crane at BrasFELS, Keppel’s yard at Angra dos Reis, Rio de Janeiro, has been busy with the lifting of various projects.

Operational since April 2014, the gantry crane has been supporting the i n s t a l l a t i on o f megablocks weighing 1,932 tonnes for the first of six DSS™ 38E semisubmersibles which Keppe l O ff sho re & Marine is building for Sete Brasil. keppelite

Brazilian heavyweight

BrasFELS’ newly installed 2,000-tonne gantry crane is supporting the installation of megablocks for a DSS™ 38E semisubmersible project

As part of his eight day visit to Singapore from 1 8 t o 2 5 M a y 2 0 1 4 under the Lee Kuan Yew Exchange Fellowship, YB

Forging stronger relations with BruneiPehin Dato Haj i Abdul Rahman Ha j i I b rah im, Second Minister of Finance, The Prime Minister’s Office, Brune i , v i s i ted Keppe l

Offshore & Marine (Keppel O&M), on 21 May 2014.

Keppel management led by Mr Loh Chin Hua, CEO of Keppel Corporation and Chairman of Keppel O&M, and Mr Chow Yew Yuen, CEO of Keppel O&M, hosted the Second Minister and brought him on a tour around Keppel FELS.

T h ro u g h a c o r p o r a t e presentation and robust discussions, the Second Minister learnt more about Keppel O&M’s businesses and capabilities in technology and innovation.

A wide range of topics were discussed, including Keppel’s Near Market, Near Customer strategy, as well as opportunities for stronger relations with Brunei.

This is not the first visit by Brunei. In recent years, a number of representatives from Brunei’s royal family and government, such as Her Royal Highness Princess Fadzilah Lubabul Bolkiah a n d P e h i n D a t o Dr Mohammad Yasmin Umar, Minister for Energy, The Prime Minister’s Office Brunei, have graced Keppel’s facilities. keppelite

Mr Loh Chin Hua (right), Chairman of Keppel O&M and his CEO, Mr Chow Yew Yuen (left), presents Second Minister of Finance at the Prime Minister’s Office, YB Pehin Dato Haji Abdul Rahman Haji Ibrahim, with Keppel’s “More Than Mettle” book


16 Special Focus

Setting green standardsCommitted to creating a sustainable future, the Keppel Group takes a proactive approach towards environmental management. at the recent Building and Construction authority of Singapore (BCa) awards held on 22 May 2014, Keppel garnered 12 accolades.

Keppel Land was awarded the highest honour of BCA Green Mark Champion, while Keppel Data Centres clinched the BCA Green Mark Platinum and BCA-IDA Green Mark Platinum awards for Keppel Datahub 2.

To qualify for the Green Mark Champion Award, a developer or building owner must clinch at least 10 BCA Green Mark Gold awards for its building projects, including at least three Platinum and three GoldPLUS.

KEppEl lANdReceiving the Green Mark Champion Award on behalf of the company, Mr Ang Wee Gee, CEO of Keppel Land, shared, “As environmental, social and governance issues dominate global agendas, we recognise that sustainability is no longer an option, but a necessity.

“As one of Asia’s leading d e v e l o p e r s , w e a r e committed to deve lop properties that improve the quality of life of communities a c r o s s A s i a t h r o u g h integrating sustainability into our business operations.”

Keppel Land has consistently a d o p t e d a p r o a c t i v e

Category Awarded to Green Mark Champion Keppel Land

Green Building Individual Award Mr Lim Tow Fok, GM, Property Management and Knowledge Management, Keppel Land

Green Mark Awards - Platinum Keppel Bay Tower Bugis Junction Towers Keppel Datahub 2

BCA-IDA Green Mark – Platinum Keppel Datahub 2

Green Mark Awards – GoldPLUS Highline Residences Prudential Tower

Universal Design Mark Award – GoldPLUS Corals at Keppel Bay

Universal Design Mark Award – Gold The Glades

Green Mark Awards (Overseas) – Gold Central Park City Plot 1, Wuxi Stamford City Block 5

Keppel swept a total of 12 awards at the annual Building and Construction Authority of Singapore (BCA) Awards night held on 22 May 2014, including the prestigious BCA Green Mark Champion Award, received by Keppel Land CEO Mr Ang Wee Gee (centre), as well as the BCA Green Mark Platinum Award and BCA-IDA Green Mark Platinum Award received by Mr Chng Hak Kiat (right), Senior GM, Keppel Data Centres and Mr Rick Lim (left), Deputy GM, Keppel Datahub

17


17 17

Continues on page 18...Bugis Junction Towers has been awarded the BCA Green Mark Platinum rating

a p p r o a c h t o w a r d s environmental protection through harnessing human capital, technology and innovation. Since 2012, Keppel Land has set the benchmark for all of its new projects in Singapore to obtain at least a Green Mark GoldPLUS rating. In addition, a further target was set for all its completed commercial buildings in Singapore to achieve at least a Green Mark GoldPLUS standard by 2015, as well as a Green Mark Gold rating or its equivalent for overseas projects.

Increasingly, companies prefer to be housed in green office developments as this not only contributes to savings in operating costs,

it also enhances corporate branding and reputation.

Mr Ang added, “Tenants also find that these green buildings enhance the overall well-being of employees, thanks to features that result in better indoor environmental quality and more natural day light in their offices.”

Recognising the need for stakeholder engagement to incu lcate a ‘green’ mindset, Keppel Land has also reached out to tenants through programmes such as Go Green with Keppel Land. The company also regularly organises activities and events such as talks and bazaars to promote eco-consciousness among

Spearheading eco-initiativesHaving played an instrumental role in driving green initiatives and building consensus among Keppel Land’s various stakeholders, Mr Lim Tow Fok (LTF), GM of Keppel Land’s Property Management and Knowledge Management unit, was awarded the Green Building Individual award by the BCa. Keppelite shares excerpts of his interview with the BCa.

What does your role at work encompass?lTF: I manage about 2 . 5 m i l l i o n s f o f commerc ia l space in Keppel Land’s buildings. In my day-to-day work, I have to communicate with different office tenants and constantly strive to encourage them to take into account environmental considerations during their decision-making processes.

What current initiatives are you working on now?lTF: Together with my team, I am working on introducing voluntary green pledges as a mean for building owners to work with tenants to meet certain environmental standards. At the same time, we are also exploring w a y s t o e n c o u r a g e tenants to improve their environmental performance by implementing measures

such as replacing existing l i g h t i n g s w i t h m o r e energy-efficient lamps.

Other ongoing projects i nc lude so la r l ea s ing , o r g a n i s i n g o u t r e a c h activities to spread the green message and providing complimentary Green Mark (Office Interiors) gap analysis for tenants to encourage them to apply for Green Mark certification so as to improve their off ice

environment as well as reduce operational costs.

My own efforts alone will have a limited impact on the environment. I hope to influence as many individuals as possible so as to make a significant difference together.

staff, tenants and the wider public.

Green Fit-Out and Green Office Operation Guides are also distributed to tenants to encourage the adoption

of green initiatives and practices. “Keppel Land will continue to sharpen our focus on sustainability and innovation as we shape the future for


18 Celebrating 45 years 18 Special Focus

Keppel Datahub 2 is the first new data centre in the Singapore to achieve the Platinum Award for BCA-IDA Green Mark

positive and sustainable outcomes for our business, the environment and the communi t y a t l a rge ,” Mr Ang said.

KEppEl dATA CENTRESKeppel Datahub 2 (KDH2) sets the benchmark in sustainable development as it is the first new data centre in Singapore to have achieved the BCA-IDA Green Mark Platinum Award. This is the highest green accolade conferred by the BCA and the Infocomm Development Authority (IDA) of Singapore for data centre developments.

D e s i g n e d t o h i g h specifications, KDH2 is a new

data centre development, undertaken by Keppel Data Centres Holding, a joint venture between Keppel Te lecommunicat ions & Transportat ion (Keppel T&T) and Keppel Land. Strategically located adjacent to the joint venture’s existing data centre in Tampines, KDH2 is currently under construction and is expected to be completed in 3Q 2014. When completed, the development will offer more than 6,000 sm of high quality data centre space with the capability to meet high powered rack requirements.

According to a report on

Data Centre Energy Efficiency Benchmarking published by the National Environment Agency in 2012, Singapore’s total commercial data centre capacity is expected to expand by a further 51%, bringing the total area to nearly 337,000 sm by 2015.

With data centres forming 3.6% of the nation’s total electr icity consumption which is poised to increase at an exponential rate over the next five years, any savings in energy will be significant.

Some examples of the green features and init iat ives employed by KDH2 include:•D y n a m i c R o t a r y

Uninterruptible Power Systems (DRUPs) in place of traditional battery run operated uninterruptible power systems, thereby reducing chemical waste and improving operating efficiency

•Efficient cooling systemsdesigned for hot and cold aisle containment d e p l o y m e n t w h i c h m a x i m i s e s e n e r g y efficiency

•Customised Data CentreInfrastructure Management (DCIM) which tracks data cent re per formance , allowing improved energy management

•Eco-friendly materialsduring the construction of the development

•Computat iona l F lu idDynamics studies were also commissioned to examine the airflow patterns in fine detail to ensure uniformity of temperature distribution

•Post-des ign stage ofKDH2, BCA performed a rigorous assessment to evaluate the overall design across various components i n c l u d i n g e n e r g y efficiency, water efficiency, sustainable construction and management, indoor environment quality and other green features prior to conferring the Green Mark Platinum award.

To-date, Keppel T&T holds a portfolio of nine high quality data centre assets in Asia Pacific and Europe, including those held through its majority stake in the Securus Data Property Fund. keppelite

...continued from page 17.



Leveraging its expertise in third party logistics and cold chain services, Keppel Telecommunications and Transportation (Keppel T&T) was invited to share about the progress of its food zone logistics park in Jilin

Food for thoughtCity, Jilin Province, at the China International Logistics Development Conference 2014.

Speaking at the event held on 27 April 2014 in Beijing, Mr Tan Hoe Lai, GM of

Jilin Sino-Singapore Food Zone International Logistics Co., Ltd, a 70%-owned subsidiary of Keppel T&T, said, “The Sino-Singapore Jilin Food Zone International Logistics Park (Logistics Park) will provide a consolidated platform for the trading, storage and distribution of food products and aims to become a major trading and logistics hub for Changchun-Jilin-Tumen economic belt and the larger Northeast China.”

A joint venture project with the Jil in Municipal Government, the Logistics Park is the sole food logistics

The Sino-Singapore Jilin Food Zone International Logistics Park will provide a consolidated platform for the trading, storage and distribution of food products in Northeast China

park operator within the Food Zone and will offer users a seamless flow of transactions and services. Spanning approximately 40 hectares, the first phase is expected to begin operations in 3Q 2015.

A t t e n d e d b y s e n i o r g o v e r n m e n t o f f i c i a l s and business leaders of China’s large state-owned and private enterprises, the logistics conference provides a platform for related Chinese companies a n d i n t e r n a t i o n a l counterparts to network and exchange industrial insights and experience. keppelite

Mr Chor How Jat, MD of Keppel Shipyard, was awarded the prestigious Medal of Commendation at the National Trades Union Congress (NTUC) May Day Awards held on 29 April 2014 at Orchid Country Club.

The award recogn i ses Mr Chor’s contributions to the labour movement and support towards NTUC’s initiatives.

Over the last 10 years, Mr Chor has been working

Labour causeclosely with the Shipbuilding and Marine Engineering E m p l o y e e s ’ U n i o n t o improve the welfare of yard workers.

Individuals from Keppel FELS Employees Union (KFEU) and Keppel Employees Union (KEU) also received re c o g n i t i o n f o r t h e i r efforts.

Mr Cheong Keng Yoong, VP of KFEU, and Mr Ho Thiam Ee, VP of KEU, were both conferred the Comrade of Labour award. keppelite

Mr Chor How Jat, MD of Keppel Shipyard, was awarded the prestigious Medal of Commendation at the NTUC May Day Awards held on 29 April 2014 (Photo courtesy of NTUC)



Spurring Innovations

The right matchInnovation is not just about creat iv i ty and thinking unboxed. It is also about continual improvement and keeping abreast of the latest technologies to increase productivity and efficiency at work.

Through a course conducted by the Singapore Institute of Manufacturing Technology (SIMTECH) in 2011, Prime Steelkit, a unit under Keppel Singmarine, learnt more about the Radio Frequency I d e n t i f i c a t i o n ( R F I D ) technology. It found that the technology could be a good solution to a challenge the company was facing in its daily operations.

As a steel processing service provider for the offshore a n d m a r i n e i n d u s t r y specialising in computer n u m e r i c a l c o n t ro l l e d plasma/gas cutting and cold forming of steel plates, Prime Steelkit deals with over 13,000 tonnes of steel every year. Often, when full-size plates are not fully utilised, remnant plates are generated and kept for future use.

The challenge lies in the inventory management of these remnant steel plates that are of odd s izes .

Before the implementation of the RFID system, the retrieval process of these steel plates was largely manual. Workers had to physically comb through piles of remnant plates to find a suitable one which matches their specifications. These specifications include dimensions, grade, heat numbe r and ma te r i a l classification. Inevitably, a lot of time is spent which decreases productivity.

To optimise its inventory management p roces s , Prime Steelkit implemented the RFID tracking tool in December 2012. Since then, the search and retrieval time has been reduced by as much as 50%.

Each remnant steel plate is now assigned a RFID t ag wh i ch s to re s the plate’s specifications. This information is also saved in a web-based management system, allowing workers to conduct a quick search on the computer for the plates they need. At the identified storage location, all the staff needs to do is to scan the stacked up plates with a handheld d e v i c e t o d e t e c t t h e correct plate via bluetooth connection.

A p a r t f ro m re d u c i n g material handling time, the company also benefited from optimising remnant steel plates usage, scrap reduction and stocks inventory. More importantly, the successful

“We used to spend a lot of time identifying the remnant plates we need, and then transporting them to the desired location. Now, we can identify the suitable plates within minutes, and allocate manpower efficiently for the retrieval of these materials. This system has truly brought a significant improvement to our productivity”

Mr Tay Zhong Han, GM, Prime Steelkit

Prime Steelkit workers can quickly find the remnant plate needed by scanning the stack of RFID-tagged steel plates with a handheld RFID reader

implementation of the RFID system has given Prime Stee lk i t ’s employees a boost to constantly think of effective and innovative ways to improve their work processes. keppelite



In recognition of its high standards in environmental stewardship, Marina at Keppel Bay has once again clinched the title of Green Maritime Company of 2014 at the annual Asia Boating Awards held in Hong Kong on 9 May.

This is the second time that the marina has been conferred this award, a testament to its steadfast commitment to environmental protection and conservation.

Green marinaKeppel Land Hospitality Management’s Head of Marina Management and GM of Marina at Keppel Bay, Mr Trevor Fong, said, “Since we first received this award in 2011, we have further stepped up our environmental efforts and worked with like-minded partners to develop initiatives to better protect the marine community.

“We are heartened that our efforts thus far have

been recognised, and we are spurred to continue in our sustainability journey.”

Into its tenth year, the Asia Boating Awards honour the industry’s best on an internat ional platform. keppelite

Marina at Keppel Bay was named Green Maritime Company of the Year at the Asia Boating Awards 2014

The winning teams from Southwest University of Political Science and Law and Nankai University came in tops in the “2014 Varsity Eco-Innovation • Green Action” competition (Photograph courtesy of SSTEC)

To encourage te r t i a r y s t u d e n t s t o a d o p t a sustainable lifestyle and be more eco-minded, Sino-Singapore Tianjin Eco-City Investment and Development Co., Ltd. (SSTEC) once again partnered Drucker

Youth Community (DYC) to organise a competition focused on soc ia l and technological innovation.

T h i s w a s t h e t h i r d co l laborat ion between S S T E C a n d D Y C .

Changing mindsetsI n c o n j u n c t i o n w i t h Earth Day, the “2014 Varsity Eco-Innovation • GreenAction” competition and award ceremony was held in the Sino-Singapore Tianjin Eco-City (Tianjin Eco-City) on 26 April 2014.

A total of 47 universities spann ing 24 c i t i e s in China participated in the competition. After a rigorous selection process by a panel of experts, eight entries were shortlisted for the finals. Entries included green inventions such as kitchen waste treatment, disposable tableware recycling and zero carbon emission waste water treatment.

The winning teams from Southwest University of Political Science and Law and Nankai University will showcase their innovative projects at the China (Binhai Tianjin) International Eco-City Forum and Expo 2014 in September. keppelite



Titled “Shaping the Future”, Keppel Corporation’s 45th anniversary video clinched two Gold Awards of Excellence at The Communicator Awards

Keppel Corporation’s 45th anniversary video garnered another top international accolade with its stirring yet simple Keppel story.

Titled “Shaping the Future”, the video clinched two Gold Awards of Excellence at The Communicator Awards in corporate image and use of animation respectively. The accolades follow an earlier win at the prestigious AVA Digital Awards this year.

The Communicator Awards is an annual competition honor ing the be s t i n adver t i s ing , corporate communications, public

Communicating excellence

relations and identity work for print, video, interactive and aud io . The 2014 Communicator Awards received over 6,000 entries from global corporation giants such as AT&T, Bank of Amer ica, ESPN and Panasonic.

The Keppel v ideo was deve loped proud ly by Singaporean digital media company, Moving Bits, together with the Group Corporate Communications, and premiered at Keppel C o r p o r a t i o n ’s 4 5 t h Anniversary Gala Dinner on 6 August 2013. keppelite

As part of its continuous efforts to enhance its engineering capabilities, Keppel FELS held an Engineering Summit on 8 April 2014.

The event was attended by representatives from Keppel FELS’ Engineering Department as wel l as Keppel Offshore & Marine’s (Keppel O&M) Engineering units in China, India and Bulgaria.

Engineering improvements

Together, the participants had rigorous discussions on how to bring the group’s engineering capabilities to a higher level.

They also took stock of the performance of Keppel O&M’s various engineering teams and gave suggestions to spur innovation and improve workflow and processes. keppelite

Representatives from Keppel FELS Baltech, Keppel’s engineering unit in Bulgaria, at the Engineering Summit

Empowering Lives 23


Empowering Lives 23

To stay ahead of the game and bring Keppel to greater heights, we should never rest on our laurel. This was the key take-away during Mr Loh Chin Hua’s, CEO of Keppel Corporation, lunch time sharing to participants of the Inspiring Leadership Summit held on 21 May 2014.

Mr Loh also shared on the challenges and opportunities that each business unit faced, while urging the Summit’s participants to adopt an open mindset and tap on the synergy of the Group. H e e m p h a s i s e d t h e impor tance of peop le as the cornerstone of the Company’s success and growth.

Inspiring leadership

Organised by the Group Human Resources at Keppel Corporation, the annual Summit held from 19 to 28 May 2014 forms an integral part of Keppel’s talent management programme. It aims to empower Keppelites to become more effective and inspiring leaders.

Over 70 Keppelites from operations in Singapore, USA, the Nether lands, Braz i l , the Azerbai jan, China, Qatar, Philippines, Thailand, Germany, Vietnam and Indonesia will immerse themselves in a series of w o r k s h o p s a n d t e a m bonding activities to hone their skills in leadership and management. For the first

time, two participants from Keppel’s joint venture partner, Keppel SMIT Towage, took part in the Summit.

One o f the Summi t ’s highlight will be a two-day immersion programme at Keppel’s four business units. At press time, Keppelites would have met with the management to gain valuable insights into their operations. This would come in useful during their case study discussions which were to be presented to the Keppel Group Board of Directors and senior management at the end of the Summit on 28 May.

Monem, Ship Repair Manager of Nakilat, Keppel Offshore

Management from Keppel Group interacting with participants of the Inspiring Leadership Summit

and Marine, said, “During the lunch sharing, Mr Loh highlighted that the Can Do! spirit defines the Company and is in Keppel’s DNA. I totally identify with that. Passion is a shared value by all Keppelites across continents.”

Selina Hui, Manager of Opera t ion Exce l l ence , Keppel Logistics, said, “The immersion programme at the various business units will be an eye-opener. With participants coming from different business units and countries, the Summit will provide an excellent platform for networking which will facilitate cross business unit collaborations.” keppelite

24 Empowering Lives


With her petite frame and easygoing manner, Sulin Yap, a receptionist and administrative assistant at Alpha Investment Partners, is not someone one might immediately associate with the adrenal in-pumping spo r t o f d ragon boa t racing.

The lithe mother of two t e e n a g e r s c o n f e s s e d , “Apart from our trainings, I do not really exercise.” This is an understatement as the Keppel Dragons train three times a week – once on land and twice in the water.

Keppel women rule the watersWith formidable strength and ferocious determination, the ladies in Keppel Dragons, Keppelite Recreation Club’s dragon boat team, emerged overall champions in the Corporate Women’s category of DBS Marina Regatta, Singapore’s biggest water sports festival held from 17 to 18 May 2014. Keppelite speaks to a Keppel dragon who proves that it is never too late to discover a passion for the sport.

Sulin was roped in two year s ago by another female colleague from the Keppel Dragons. The team is always looking to recruit new female members to what is predominantly a male sport.

Surprising even herself, Sulin took to the sport l i ke a duck to wate r. She shared, “Although it seems like we are just rowing in a sitting position, dragon boat racing actually engages your entire body. It demands total focus and synchronised movements so that each individual plays

an integral part of a unified whole.”

Rebuffing the prevalent notion that dragon boat training makes one bulky and overly muscular, Sulin shared that she has grown leaner and more compact. “The only weight I gained came from increased muscle mass. You can say I have lost and gained at the right places,” she laughed.

Now one of the fittest on the team, Sulin is proof that neither gender nor age poses a barrier to enjoying the unique rush of dragon

Sulin, (seated third from left) with the Keppel Dragons’ ladies team emerged overall champions in the Corporate Women’s Category of the DBS Marina Regatta, beating traditional powerhouses such as DBS and ExxonMobil

boat racing. She enthused, “When you are in the boat, all that matters is your commitment to the team, and I’m extremely lucky to have such an encouraging one.”

Bearing testament to this fervent commitment, the team members trained with total dedication in the eight weeks leading up to the DBS Marina Regatta, even on public holidays. The hard work reaped dividends – from a timing of 1:10:23 last year in the 200 m race, they clocked 1:06:11 this year to emerge champions.keppelite

Empowering Lives 25


Employees enjoy good conversations over a drink at Keppel Land’s new staff lounge, Kloud

To inc rease i t s o f f i ce building’s energy efficiency and create a better working environment for employees, Keppel Verolme renovated and refurbished its office building which was built in 1961.

Emp loyees ce l eb ra ted the complet ion of the renovations on 11 April 2014

Refreshing makeovers

Today and yesterday – the Keppel Verolme building was built in 1961

and eagerly moved into their new offices with great anticipation.

Mr Harold Linssen, MD of Keppel Verolme, said, “We maximised the layout and doubled the number of desks so that all office employees are now under one roof. The air climate has been improved with a

new environment-friendly and energy efficient WKO (water heating and cooling) system. Our staff are really excited with the numerous improvements made but are also glad that the building’s historical characteristics were retained.”

Over at Keppel Land, staff can now relax and unwind at

Kloud, the new staff lounge that was officially launched on 16 May 2014.

Located on the 14th floor of Keppel Land’s headquarters at Bugis Junction Towers, the staff lounge provides a welcoming and intimate space for employees to conduct informal meetings or discussions. keppelite

Lounge sets and a bar counter make for a laidback ambience for Keppel Land’s staff to kick back and relax

26 Empowering Lives


Rewarding internshipInto i ts 10th year, the competition saw Wai Kit and his six-member team overcome stiff competition from eight participating teams. It was a race against time as they worked under pressure to formulate a set of action plan on the development of a mixed-use project using investment funds from a private equity

firm. Formal proposals were presented by the teams to a panel of industry and academic adjudicators.

Wai Kit, who was awarded t h e B u i l d i n g a n d Construction Authority-K e p p e l L a n d B u i l t Environment Scholarship in 2011, has interned at various departments across the

Keppel Land group including Alpha Investment Partners (Alpha). He has since joined Alpha as an Analyst on 1 May 2014.

He shared, “The win would not have been possible without the support and guidance from my colleagues in Alpha, as well as the invaluable knowledge that I h a d g a i n e d d u r i n g my internship in various f u n c t i o n a l g ro u p s i n Keppel Land.

“My stint with Alpha had also enabled me to be more cognizant of the risks and financing options involved in the case, allowing us to better structure our presentation as well as formulate comprehensive solutions that are innovative yet practical.” keppelite

Keppel Land scholar, Wai Kit (first from right), who is now an Analyst with Alpha Investment Partners, led his team from the National University of Singapore to emerge champion at the USC International Real Estate Competition held in Los Angeles

This year, Keppelites will pit their skills and battle it out in games such as b o w l i n g , b a d m i n t o n , volleyball, dragon boating and international chess. The Group-wide annual sporting event will kick off with a golf competition at Jurong Country Club on 26 June 2014.

The groupings for 2014 are as follows:

Team CaspianKeppel Offshore & Marine, KOMtech and Keppel FELS

Team AtlanticKeppel Shipyard, Alpine Engineering Services and Blastech Abrasives

Team pacificKeppel Corporation, Keppel Singmarine, Keppel Telecommunications

& Transportation, M1, Keppel Infrastructure, Keppel Land and

Keppel Seascan

Keppel Land scholar and newly-minted Keppelite, Tai Wai Kit, has led his team from the National University of Singapore to emerge champion at the 10th USC International Real Estate Competit ion organised by the Marshall School of Business at the University of Southern California (USC) from 15 to 18 April 2014.

Keppelites are encouraged to participate in the games and bring glory to their business units.

Let the Games begin! keppelite

Keppel Games is back2014Keppel

Empowering Lives 27


Keppelites Abroad

When Low Tiau Tong, or TT as he is affectionately known by his colleagues and friends, was asked to go to BrasFELS in April 2009 to help out at the yard, he had intended to stay for just four months. Today, five years on, TT is a familiar figure in Keppel’s yard in Angra dos Reis.

As Director of Spec ia l D u t i e s , T T s u p p o r t s Mr Kwok Kai Choong, P res ident and CEO of BrasFELS, in ensuring all operat ions at the yard runs smoothly. Backed by decades of experience at Keppel FELS, TT is a walking encyc loped ia on ya rd operations. Complemented by a generous and warm personality, and fluency in Portuguese, TT also thrives

Tenacious teacherin guiding and mentoring the younger B raz i l i an engineers.

TT ’s invo lvement wi th Brazil goes way back in the late 1990s. “Before this current stint in Brazil which started in 2009, I have been coming to Brazil on and off since 1998. I first visited Brazil in 1998 as part of the P-27 project team. That was the production p l a t f o r m w h i c h K e p p e l u p g r a d e d f o r Petrobras in Singapore. I w a s t h e p r o j e c t superintendant and had to oversee the completion of the project till the unit struck its first oil in Brazil. Perhaps this first project for Brazil sowed the seeds of my deep involvement with BrasFELS,” said TT.

S i n c e B r a s F E L S w a s operational in 2000, TT was involved in almost every major project that BrasFELS undertook for Brazil. This included the mega floating production units (FPUs) P-52, P-51 and P-56, as well as the P-61 and the current semisubmersibles for Petrobras.

On why TT eventua l l y agreed to work in BrasFELS in 2009, he said, “I know i t ’s not easy to work overseas, especially since Brazil is so far away. But I felt a sense of obligation and commitment to Keppel, to do my best to help transform the company. For BrasFELS, I knew we needed to change the mindsets of the people so that improvements can be

made more effectively in the entire yard.”

Four months stretched to five years. Although TT is away from his family in Singapore, he finds great satisfaction from his work as he continues to build trust and rapport with the Brazilian Keppelites, and helping them to work more productively.

“The Brazilian Keppelites have the skillsets to do their jobs well. They just need guidance to organise their work better. I keep reminding them that they need to complete their tasks today and not wait t i l l tomor row, and to follow through tightly the entire process. With our Can Do! spirit, innovative i d e a s a n d c o h e s i v e teamwork, BrasFELS will be the best shipyard in Brazil,” added TT.

Today, BrasFELS has been upgraded and has a strong workforce of 7,200.

“I think my work here is almost done. The work is of course never fully completed but I think it is time to hand over to others to carry on the good work.” keppelite

Low Tiau Tong (left), Director, Special Duties, BrasFELS, sharing his experiences with Trainee Engineers at BrasFELS

28 Nurturing Communities



Following the successful Words on Wheels in Hanoi, Keppel Land has once again partnered the Singapore International Foundation (SIF) to drive their mobile l i b r a r y p rog ramme in Ho Chi Minh City (HCMC).

The mobile l ibrary was u n v e i l e d i n a l a u n c h ceremony held on 15 May 2014. It was witnessed by Singapore and Vietnamese partners, including Mr Le Ton Thanh, Vice Director, Department of Culture, S p o r t s a n d To u r i s m , Ms Leow Siu Lin, Consul-General of the Republic of Singapore in HCMC, Ms Elim Chew, Governor, S IF, Mr Bui Xuan Duc, Director, General Sciences L i b r a r y ( G S L ) , a n d Mr Doan Anh Hung, GM of Keppel Land (Vietnam).

This is Keppel Land’s third partnership with SIF and comes shortly after their collaboration on the Water for Life project in Yangon, Myanmar.

Mr Linson Lim, President, Keppel Land (Vietnam), said, “As a global citizen, we believe that as communities thr ive , we thr ive . Our operations often take us into the heart of many local communities and in Vietnam, where we have been operating for over two decades, we want

Window to the world

The Words on Wheels mobile library was unveiled in a launch ceremony on 15 May 2014 and witnessed by Singapore and Vietnamese partners (Photo courtesy of SIF)

to continue to positively impact the l ives of the people here.

“ B e y o n d m o n e t a r y cont r ibut ions , we a re pleased that our employees across the Keppel Group

have also lent their time as volunteers during the visits to the outer provinces of HCMC. Through our continued support, we hope the Words on Wheels project will open a window to the world to these children.”

Ms Leow added, “Words on Wheels is a strong example o f the long-standing friendship between the people of Singapore and Vietnam. It serves to foster stronger people-to-people ties between our two countries which have enjoyed excellent relations since the establishment of diplomatic relat ions 41 years ago.”

Supported by the GSL and Keppel Land’s Vietnamese jo int venture par tners Tan Truong and Tien Phuoc, the mobile library project wil l provide over 3,000 pr imary and secondary school children in the Binh Chanh district access to educational materials, IT resources and learning facilities. keppelite

The Words on Wheels programme will open a window to the world to over 3,000 primary and secondary school children over the next three years (Photo courtesy of SIF)

Nurturing Communities 29


Oceans of funTo m a k e a p o s i t i v e t rans format ion to the lives of the less fortunate, Keppel Thai Propert ies organises regular activities to engage the communities in which it operates.

On 25 April 2014, Keppel

Thai Properties, together with the Singapore Chamber of Commerce in Thailand, brought a group of 42 boys from Baan Sang San Dek, a home for underprivileged boys, to Siam Ocean World, one of the largest aquariums in Southeast Asia.

The boys, aged between six to 17 years old, were astounded by the sheer size of the aquarium and the myriad of fascinating underwater creatures.

Mr Oh Lock Soon, President of Keppel Thai Properties,

sa id, “We cont inue to seek opportunities to give back to the community, and at the same t ime, e n c o u r a g e o u r s t a f f to part ic ipate in these c o m m u n i t y - r e l a t e d activities.”

“ I t was an en joyab l e outing spent with colleagues and the beneficiaries of the home. I am glad that we were able to brighten up the lives of the boys and bring smiles to their faces”, shared Ms Sarawasri, Real Estate Project Design Manager at Keppel Thai Properties. keppelite

The boys from Baan Sang San Dek home enjoyed an afternoon with staff from Keppel Thai Properties at Siam Ocean World

Gift of water

To pos i t i ve l y impact communities all across Asia through programmes a n d a c t i v i t i e s t h a t support education and the environment, Keppel Land, together with the Singapore Red Cross, supported SIF’s Water for Life project in Yangon, Myanmar. The three-year project will provide more than 7,000 villagers in the townships of Kaw Hmu and Kungyangon, located two hours from Yangon, better access to clean drinking water.

To-date, a total of 12 tube wells with water storage tanks have been successfully installed and seven hygiene workshops have been conducted, benefitting more than 3,200 villagers in the Kaw Hmu and Kungyangon townships. Four volunteer trips, involving a total of 14 volunteers from across the Keppel Group, have been organised to-date. The next volunteer trip is slated for October 2014.

Lucy Toh, Senior Finance Manager at Keppel Land,

said, “This is my first volunteer trip overseas and it has been a real eye-opener for me. We often take clean water for granted but in fact, every

drop of water counts! I am glad I can do my part to help the less fortunate get access to clean water and as a result, better health.”

Volunteers from Keppel Land, Ms Liow Aiwen (left) and Ms Lucy Toh (right) brought smiles to the village children of Kaw Hmu and Kungyangon



It was no ordinary Saturday as 15 Keppel volunteers led 10 students from the Association for Persons with Special Needs (APSN) Centre for Adults on an educational guided walk through Sungei Buloh Wetland Reserve on 3 May 2014.

The group explored the various habitats at the Wetland Reserve, walked through a sea of green and spotted unexpected ‘guests’ like crabs, mudskippers, and monitor lizards.

K e p p e l V o l u n t e e r committee member and event organiser Kue Kheng Zie, remarked, “The most e x c i t ab l e pa r t o f t he excursion was when we spotted a huge monitor lizard just a mere one metre

Nature wondersaway from the boardwalk. It was a first for many of us and everyone started snapping away with their cameras.”

The excitement struck the volunteers as well. Loo Yu Gi from Keppel Shipyard recounted, “I was inspired to be a regular volunteer after assisting the APSN students with their performance at Kepplites Charity Concert two years ago.

“Their enthusiasm was contagious. It was indeed rewarding and enriching to be able to brighten the lives of people. I urge fellow Keppelites to join in this cause to touch lives and make a difference.” keppelite

Keppel Volunteers and students from APSN Centre for Adults spotted mangrove denizens from the boardwalk at Sungei Buloh Wetland Reserve

T i o n g B a h r u , o n e o f Singapore’s heritage-rich housing estates, was a hive of activities from 25 April to 10 May 2014 when Musicity Singapore 2014 charmed the neighbourhood with live music and special performances.

The second edition of the global music programme showcased local musicians and poets who performed in selected locations in the Tiong Bahru Estate, a neighbourhood known for both its high trendy quotient and back-to-the-past appeal.

The event kick-started on 25 April 2014 at presenting sponsor Keppel Land’s show gallery for its upcoming Highline Residences on Kim Tian Road. Close to 150 guests comprising a mix

Music to their earsof corporate guests and entrepreneurs from the Tiong Bahru community attended the opening event.

Mr Albert Foo, GM of Marketing, Keppel Land, said, “We share in Musicity’s vision to influence and enrich lives by bringing arts and music closer to the communities. Featuring original compositions and special ly curated music by local talents, it is also an excellent platform to showcase Singapore’s best to a global audience.”

Founded in London in 2011, Musicity celebrates a city’s music and urban design. The event, which debuted in Singapore in 2012, has been held in cities such as Oslo and Tokyo. keppelite

Singer-songwriter, Marcel Lee Pereira (right) together with a busker, Uncle Thomas, serenades the crowd in Tiong Bahru market on 4 May 2014 as part of Musicity Singapore sponsored by Keppel Land (Photo courtesy of Olivia Kwok)






against all oddsTwelve Keppel Volunteers gathered at the Japanese Garden early on Sunday morning, 18 May 2014, to take part in the 3.5km “Wheel, Walk or Jog” event organised by the Handicaps Welfare Association (HWA).

Desp i te looming dark clouds, the HWA members with the Keppel Volunteers pushed off at the flag-off by Mr Heng Chee How, Senior Minister of State with the Prime Minister’s Office.

However, shortly after the event commenced, the walk was cancelled because of a heavy downpour. Yet this did not put a dampener

on the spirits of the Keppel volunteers. They continued to spend an enr iching morning befriending the HWA members.

Keppel FELS Nursing Officer and second-time volunteer Sharon Goh brought her nine-year old daughter along for the event.

She sa id , “Th i s i s my daughter’s second time p a r t i c i p a t i n g i n t h i s meaningful event. Although we did not complete the walk due to the rain, it was a good opportunity for us to bond and at the same time, interact and help the disabled. We look forward

to volunteering again next year.”

Siow Zi Wei, Naval Architect, M a r i n e Te c h n o l o g y Deve l opmen t , Keppe l Singmarine, nonetheless completed the 3.5 km cour se a t one o f the member’s request.

She said, “Despite the heavy downpour, the member I was wheeling suggested continuing with the course. I was concerned for her health and was worried that she might fall sick. However at her urging, we continued with the walk and I was impressed by her Can Do! spirit!

“ A l o n g t h e w a y, t h e m e m b e r t h o u g h t f u l l y sheltered me under her umbrella as we wheeled to the finishing line.”

Subrata Banerjee, ED of HWA, added, “We are thankful for the priceless g i f t o f t i m e K e p p e l vo lunteers have g iven to our beneficiaries for the second year now. We hope the volunteers found the experience enriching and we look forward to w o r k i n g w i t h K e p p e l Volunteers again soon!” keppelite

Kwok Yan Hoe, Chairperson of Keppel Volunteers, helping a member from the Handicaps Welfare Association during the “Wheel, Walk or Jog” event

Second-time volunteer Sharon Goh (right), Keppel FELS Nursing Officer, rallied her nine-year old daughter to participate in the event

First time volunteer Siow Zi Wei (left), Naval Architect, Marine Technology Development, Keppel Singmarine, befriends a HWA member

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Keppel FELS has signed an engineering services agreement with Workfox B.V, a subsidiary of the Seafox Group (Seafox), to embark on an engineering study of a purpose-built accommodation jackup rig with well intervention and P&A features.

The p ro jec t , wh i ch i s named Seafox 8, is being developed to address a gap in the current P&A market. Subsea fields are reaching the end of their productive lives in areas such as the North Sea and the Gulf of Mexico, and there are a substantial number of wells in both regions that will need to be properly sealed up in the next few years.

Seafox 8 will be able to offer P&A, well intervention as well as accommodation and crane support services. With a spacious deck and comprehensive amenities, i t c a n a c c o m m o d a t e 282 persons on board. The jackup can also be c o n f i g u re d f o r o t h e r offshore support services.

Leveraging the successful partnership of an earlier project, Seafox 5, Keppel Offshore & Marine (Keppel O&M) is also in discussion

Innovative rig with P&a features Keppel will undertake study on accommodation jackup rig with Plug & abandonment (P&a) features based on its KFELS J Class design customised for the harsh environment of the Norwegian North Sea.

with Seafox to enter into a joint venture to place an order for Seafox 8 upon completion of the study, which is expected in 2H 2014.

Mr Keesjan Cordia, CEO of Seafox, said, “With our background in providing support to the offshore oil & gas industry, we noticed the strong demand for P&A services and identified a need for a specialised rig in this market. We believe Seafox 8 offers the ideal solution as it can work all year round including during the North Sea’s winter pe r iod and under take multiple services at a time.

“It has NORSOK-specified accommodation for crew and client personnel, and a lower operating cost than existing equipment with a single role purpose.”

The hull and legs of the new generation jackup rig will be based on Keppel’s new KFELS J Class design which is customised to operate in water depths of up to 112 m in the harsh offshore environmental conditions of the Norwegian North Sea.

Designed as a drilling jackup rig for the Norwegian North

Based on Keppel’s KFELS J Class design, Seafox 8 is being developed to address a gap in the current P&A market and will be 25-30% more economical in terms of dayrates compared to existing jackups

Sea, it is an enhancement of Keppel’s proven harsh environment drilling rigs – the KFELS N Class and KFELS G Class designs. Keppel O&M has previously del ivered three r igs of each design, which are successfully operating in the North Sea including Norwegian waters.

Mr Wong Kok Seng, MD of Keppel O&M (Offshore) and Keppel FELS, said, “For Seafox 8, we are taking the hull of an ultra-harsh environment r ig in our

KFELS J Class for use as an accommodat ion r ig with equipment for P&A services. This is an example of how we have been able to leverage and apply our technology expertise innovatively for a variety of offshore applications. And with an experienced partner like Seafox in this market, we are confident Seafox 8 wi l l be wel l -received and give us a good head start in growing our track record as the leading solutions provider for the P&A services sector.” keppelite

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Window to the World - Keppel Land China · 2014-06-03 · the Offshore Technology Conference (OTC)....

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