The Keppel spirit at iSBUG The Keppel spirit at iSBUG

Keppelite I July 2007

Keppel Group Newsletter

JULY 2007www.kepcorp.com/ekeppeliteeppel

Keppelite

MICA(P) NO. 045/11/2006

Recognised for

global reach 4

Enlarging footprint

with township

homes 20

Colour our future

green 40

The Keppel spiritat iSBUG

The Keppel spiritat iSBUG


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

EditorTeo Chang Ching

Editorial CommitteeAndrea Lee, Andrew Ong, Ang Lai Lee, Clara Ko, Diana Chan, Fatima Lay, Gayathri Prakash Nair, Grace Chia, Ivana Chua, Lai Siang Chin, Lee Yin Chiin, Low Hooi Hoon, Mak Chui Ling,Mohd Nor Nordin, Nicole Ma, Nicole Tan, Pamela Almeda, Phang Weng Onn, Quek Mong Song, Roy Tan, Sarah Seah, Serena Toh, Tan Geok Hong, Teri Liew, Woon Pek Yong

Contents

CO REG NO: 196800351N

eppel

BUSINESSRecognised for global reach 4

Strengthening foothold in drillship market 5

Keppel FELS delivers West Prospero 6

Fifth water project in Algeria 7

SPC Q2 profit up 32.1% on strong refining margins 8

K-REIT Asia’s income rises 36.8% to $9.5 million 9

Evergro’s turnover up 209% to $10.8 million 10

Nurturing ties 11

New CFO joins Keppel Land

Steady progress at our yards 12

Second ice-class AHTS delivered 13

Keppel sponsors Singapore International Water Week 14

Reorganisation of Group Risk Management and Audit

Keppel Cebu inks tugboat deal 15

Executing on an even keel

Delivering excellence 16

Libeskind visits Keppel

Boosting safety standards in Nantong 17

Keppel partners ExxonMobil on safety

Best retail logistics service provider 18

Sharing the Foshan success story 19

Showcasing Keppel’s global network in Norway

Special FocusEnlarging regional footprint with township homes 20

TEAMNetworking on the greens 24

Grooming talents 25

Second batch of Angolan trainees graduate 26

Fulfilling dreams

Fresh opportunities abound in offshore industry 27

Class act by ASMI scholars

Onboard Uniquely Singapore 28

Safety first 32

A trip down memory lane

Dutch delegation visits 33

Grooming leaders on Pulau Ubin

Ready to rise beyond 34

PEOPLEKeppelites AbroadDiscovering the real Shenzhen 37

Breaking through fences to win 38

COMMUNITYLending a helping hand 39

Green InitiativesColour our future green 40

More than a show 42

Bowled over by friendship

Keppel VolunteersA trail for others to follow 43

BACK PAGEKeppel Singmarine clinches S$350 million contracts 44

44

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Editorial


Game for Group goals

The much awaited two-month long Inter-SBU

Games (iSBUG) finally kicked off. Getting into gear

and flexing their muscles, many Keppelites seek

to chalk up scores to win that coveted overall

challenge trophy.

But more than just fun and games, this annual

meet truly sees the Keppel core values at play and

serves as a wonderful platform for the meeting of

minds and resources amongst Keppelites across

the Group.

As Keppelites meet together to train, the

interaction promotes bonding and in the course,

allows us to better understand each other’s roles

in the group and build up stronger networks. It is

heartening to see Keppelites from all ages and all

walks, senior as well as fresh blood, get sweaty

and dirty together and show up their true colours

in different arenas.

Winning in sports requires more than brawn.

Mirroring the way we work at Keppel, we need to

form our strategy and study our competition.

The iSBUG helps keep us nimble on our toes. And

what better way to encourage the mental exercise

amongst Keppelites than to mix pressure with

pleasure.

Into its fifth year running, the iSBUG challenges its

committee members to continually inject fresh and

new ideas to draw participation. This year, the flag

design competition was introduced and Keppelites

across the Group set their creative juices flowing

to come up with icons to best represent their teams

and values.

The Games also celebrate the individual and the

team as they pursue excellence. The newly

incorporated Most Valuable Player award

recognises the contribution of each Keppelite while

team managers get the opportunity to hone their

leadership skills. But at the end of the day, when

each individual comes together to work as a team,

it is the sum total that makes a strong whole.

We see Group resources being leveraged too. This

year, with the introduction of the Vertical Marathon

at One Raffles Quay, Keppelites are made aware

of our portfolio of quality buildings and are

engaged to do their bit for the community. It will

be a run for the money, literally, to help our

adopted charity, the Association of Persons with

Special Needs.

Truly, our spirit of innovation, teamwork and

Can Do! burns bright at the iSBUG and whether

as contestant or cheerleader, every Keppelite plays

a part.

4 Business


4 Business

Keppel Corporation’s globalpresence in more than 33countries enables the Groupto tap market opportunitiesand offer products andservices across geographicalboundaries.

Reflecting this, a significant84% of the group’s S$7.6billion revenue was fromoverseas markets in 2006.This compares with 83% ofits S$5.7 billion revenue fromoverseas markets in 2005.

The high level of its salesrevenue from overseasmarkets puts KeppelCorporation in the sixthplace under the Singapore

Recognised for global reachInternational 100 Ranking2007.

This event is a nationalinitiative which started in2005. It identifies companieswith the largest revenuecontributions from themarkets of Africa, theAmericas, China, Europe,India, the Middle East, NorthAsia, Oceania and SoutheastAsia.

The ranking exercise isbased on the 2006 overseasrevenue.

Keppel Offshore & Marine(Keppel O&M), with its “NearMarket, Near Customer”

strategy bolstered by itsglobal network of 20 yardsin the Asia-Pacific, Gulf ofMexico, Brazil, the CaspianSea, Middle East and Europe,came in seventh place.

Keppel FELS was ranked16th.

Mr Choo Chiau Beng, SeniorExecutive Director of KeppelCorporation and Chairman& CEO of Keppel O&M,r e p r e s e n t e d K e p p e lCorporation in receiving theaward at the event.

Mr Tong Chong Heong,Managing Director andCOO of Keppel O&M and

Mr Michael Chia, ExecutiveDirector of Keppel FELS,received the certifications onbehalf of their respectivecompanies.

The ranking was organisedby IE Singapore with DPInformation Group as theranking organisation.

The gala dinner on 10 July2007 was graced by DeputyPrime Minister and Co-ordinating Minister forNational Security andMinster for Law, ProfessorS Jayakumar. keppelite

Lauded for the Group’s global reach: (from left) Mr Tong Chong Heong, Mr Choo Chiau Beng and Mr Michael Chia received the Singapore International 100 Ranking 2007 awards

Business 5


Strengthening foothold indrillship market

Keppel Shipyard has secureda S$150 million contract toinstall equipment packageson a new drillship.

The new hull is currentlybeing built in China and isdue to arrive at KeppelShipyard in the third quarterof 2008. Keppel Shipyard isexpected to complete its partof the work by the fourthquarter of 2009.

Mr Nelson Yeo, ExecutiveDirector of Keppel Shipyard,said, “We are always on thelookout for new businessopportunities to support ourclients in line with emergingmarket trends.

“This new contract bringsto fore the group’s projectmanagement expertise andcapabilities in convertingand integrating offshore

exploration and productionvessels. Owners can chooset o o u t s o u r c e t h econstruction of bare hullelsewhere.

“This can be beneficial tous because our valuablefabrication capacity can bemade available to carry outother value-added work.”

The workscope includes

installation, integration andcompletion of the ownersupplied power generation,thrusters and dr i l l ingequipment packages on anew hull.

The new drillship is designedto operate in deepwaterdepths of 12,000 feet andis fitted with DynamicP o s i t i o n i n g - 2 ( D P 2 )capabilities. keppelite

Keppel Shipyard has the expertise and capability to carry out a large spectrum of shiprepair and conversion projects

6 Business


Keppel FELS has delivered aKFELS B Class design jackupdrilling rig to SeadrillManagement AS (Seadrill),within budget and ahead oftime.

This rig was named WestProspero by Lady SponsorMrs Jocelyn Pedregosa

Keppel FELS delivers West Prosperoahead of schedule

Shearer, wife of Mr IanShearer, Senior Vice Presidentfor Jackup Units of Seadrillon 30 June 2007.

Mr Liam Mallon, Chairmanand Lead Country Managerof ExxonMobil Malaysia,graced the ceremony asGuest-of-Honour.

West Prospero is the secondKFELS B Class rig that KeppelFELS has delivered to Seadrill.The first rig, West Ceres(ex-Seadrill 3), was deliveredto Seadrill in April 2006.

Keppel FELS is building twomore KFELS B Class jackuprigs for Seadrill. Constructionof the other two rigs isprogressing according toschedule. They are due fordelivery later this year andmid-2008 respectively.

At the naming ceremony,Mr Choo Chiau Beng,Chairman & CEO ofKeppel O&M, said, “Whencompleted, West Prosperowill be the 16th KFELS BClass rig to operate in themarket. She is a modernpremium drilling riginstalled with state-of-the-art equipment.

“Rigs built to the KFELS BClass design are highlyefficient drilling platformswith the best safety featuresfor drilling. With its proventrack record of globaloperations, this designcontinues to be the driller’schoice for modern-dayjackup.”

Besides jackup rigs, theKeppel O&M group has

also built and deliveredfive proprietary designsemisubmersible drillingtender rigs to Seadrill. Theyard has just been contractedto design and build thesixth for Seadrill.

Mr Alf Thorkildsen, COOand Executive Vice Presidentof Seadrill, said, “WithWest Prospero, Seadrill hasspent a total of someUS$900 million with KeppelFELS. Our investments overthe years have beensignificant and our repeatorders at Keppel FELS are atestimony to the predictabledelivery of rigs by Keppel,both in quality andschedule.”

Commenting on thepartnership between Keppeland Seadrill, Mr Choo added,“Keppel is privileged to beable to work with a greatteam of experienced andprofessional members fromSeadrill. I believe that thisrelationship will continue toget better as both companiesintend to be major players inthis industry for years tocome.”

West Prospero has alreadywon a one-year charteragreement with ExxonMobilin West Malaysia. keppelite

West Prospero is the second KFELS B Class rig that Keppel FELS has delivered to Seadrill

Business 7


Keppel Seghers, theenvironmental technologydivision of Keppel IntegratedEngineering (KIE), hassecured a S$7.2 millioncontract to design, build andoperate a wastewatertreatment plant in Laghouatprovince, Algeria.

Awarded by the NationalEnvironment Organisationof Algeria, Keppel Segherswill design and operate theplant for two years. Inaddition, Keppel Seghers willprovide a fully integratedwastewater t reatmentinsta l la t ion inc lud ingwastewater pre-treatment,an activated sludge unit,as well as a settling anddisinfection unit.

When completed in end2008, the plant will be ableto treat 26,700m3/day ofwastewater generated by

Fifth water project in Algeria167,000 people. The effluentwill be used for irrigationpurposes.

Mr Chua Chee Wui, ChiefExecutive Officer of KIE, said,“This is the fifth waterproject that Keppel Seghershas secured in Algeria. Wehad earlier completed fourindustrial and municipalwater treatment projects inthe cities of Tigzirt, Hadjout,Ain M’lila and El Mouradia.Our track record in Algeriaaffirms Keppel Seghers’s t rateg ic focus andcommitment to the Algerianmarket.

“As a leading solutionsprovider for water and solidwaste treatment technologywith a global footprint in 25countries, Keppel Seghers iswell positioned to provide itsexpertise in EPC services andoperation & maintenancefor large water treatmentprojects to our customers in

Algeria and the rest of theMaghreb countries and theMiddle East. We plan tocontinue to strengthen ourpresence in this region.”

With the exception of thenorthern coastal areas,Algeria is a desert countrywithout r i vers . TheGovernment faces a colossaltask of increasing waterresources to meet localneeds.

It is estimated that Algeria’scurrent sources of water arein the neighbourhood of5 billion m3 per year whilelocal need exceeds 15-20 billion m3 yearly, ofwhich 70% is allocated toagriculture.

Rapid increase of populationand economic activities haveled to a surge in the volumeof sewage water producedwhich is forecasted togrow to 1.2 billion m3 per

year by 2020. The Algeriangovernment has drawn up afive-year development planto build a significant numberof new plants and toupgrade existing ones totreat the wastewaterbetween 2010 and 2015.

Keppel Seghers has beenactive in the Arab world forseveral years, havingcompleted over 30 watertreatment projects in Algeria,Egypt, Iran, Saudi Arabia,Tunisia and Turkey.

In October 2006, KeppelSeghers was awardeddesign, build, operate andmaintain contracts for thefirst integrated solid wastemanagement facility in theMiddle East by the QatarGovernment. keppeliteWhen completed in end 2008, the plant will be able to treat 26,700m3/day of wastewater generated by 167,000 people

Mr Chua Chee Wui, CEO of KIE

8 Business


The SPC Group recordeda sales turnover of$1,974.6 million and a netprofit after tax and minorityinterests (PATMI) of$179.2 million for the secondquarter of 2007.

Global crude and refinedpetroleum product marketscontinued to be buoyed bytight crude supply andrefining capacity. During thequarter, SRC successfully andsafely carried out a scheduledmaintenance of the 90,000barrels per day CrudeDistillation Unit No. 1Complex. The shutdown ofthe complex for 26 daysresulted in a reduction ofthroughput by 9.2% for thequarter.

Total sales volume was18.3 million barrels for 2Q2007. This was 9.4% lowerthan the 20.2 million barrelshandled in 2Q 2006, ofwhich 9.2% was partly dueto the maintenance exercise.An average realisation ofUS$70.86 per barrel wasachieved for the period,compared with the averagerealisation of US$72.04 perbarrel for the same quarterin 2006. The US$ continuedto weaken in 2007 and this,coupled with the lower salesvolume, resulted in lowersales revenue for the second

SPC Q2 net profit up 32.1%on strong refining margins

quarter. Sales turnover of$1,974.6 million was 15.0%lower compared to thecorresponding quarter in2006.

Refining margins remainedrobust during the quarter onstrong refined productsdemand from the region. TheGroup achieved an averagerefining margin of aboutUS$9.00 per barrel for thequarter. The gross profit of$237.4 million was animprovement of 7.7% over

the corresponding quarter in2006.

Operational expenses werelower in comparison to 2Q2006 as no drilling expenseswere required to be writtenoff. In 2Q 2006, $7.0 millionof drilling expenses werewritten off.

Downstream activitiescontributed $1,961.8 millionin turnover and an operatingprofit of $186.6 million,while exploration and

production activitiescontributed $12.8 million inturnover and an operatingprofit of $8.3 million.

The Group’s PATMI of$179.2 million for 2Q 2007was 32.1% higher than thecorresponding PATMI in 2Q2006.

FIRST HALF REVIEWFor the first half of 2007, theGroup recorded revenues of$3,899.5 million and a PATMIof $291.3 million.

Refining margins remained robust during the quarter on strong refined products demand from the region

Business 9


For the first six months ofthe year, K-REIT Asia posteddistributable income of$9.5 million, up 36.8% fromthe same period last year.

This works out to adistribution per unit of3.91 cents. On an annualisedbasis, this will translate to7.88 cents.

Net property income rose23% to $13.7 million.

The improvement was dueto higher occupancies andrental rates for newand renewed leases. Thetrust’s portfolio committedoccupancy continues toclimb to 99.6% as at 30 June2007.

K-REIT Asia’s distributable incomerises 36.8% to $9.5 million

POSITIVE RENTALREVISION TRENDTO CONTINUEGiven sound economicprospects and continuedgrowth in most industries,demand for prime officespace is expected to sustain.With limited supply in theCentral Business District(CBD) expected over the nexttwo to three years, rents areexpected to rise further.

According to CB Richard Ellis,occupancy rates for Core andFringe CBD office space rosefurther to 97.3% and 96.2%respectively in 2Q2007.

With increased competitionfor space, prime office rents

rose to $10.50 psf in 2Q2007from $8.60 psf in theprevious quarter and $6.00psf a year ago.

With 70% of the portfolio’snet lettable area due forrenewal between 2007 and2010, K-REIT Asia is well-positioned to furthercapitalise on the marketupswing.

OUTLOOK FOR 2007The Ministry of Trade andIndustry estimates thatthe Singapore economyexpanded 8.2% in 2Q2007.The Singapore governmentexpects the economy torevise its current GDPforecast of 5%-7% for 2007.

Economic growth wasprimarily supported bybroad-based businessexpansion across varioussectors, particularlyconstruction, manufacturingand financial services.

With its portfolio of fourprime office buildings,namely, Keppel Towers,GE Tower, Bugis JunctionTowers and 44% ofPrudential Tower, K-REIT Asiais confident to deliver aperformance that isconsistent with the currentperiod. keppelite

There was continuing firmdemand for crude andrefined products in the firsthalf year. The CDU No. 1Complex shutdown andlower third party tradingvolume resulted in lowersales in the first half. Salesvolume handled was 6.3%lower compared to the sameperiod in 2006.

The average realisation ofUS$65.72 per barrelachieved in 1H 2007 waslower than the US$67.45 perbarrel realisation in 1H 2006.The turnover for the first half

was 13.8% lower as a resultof the lower volume andrealisation. However, theGroup was able to capitaliseon the healthy refiningmargins in the first half torecord a 15.7% increase ingross profit compared to 1H2006.

Due to procurement delays,first oil production fromOyong is now targeted to bein 2H 2007.

The Group’s income taxexpense for the first half yearwas lower due to the write-

back of deferred tax liabilitiesas a result of the lowering ofthe corporate tax rate inSingapore.

The Group achieved afirst half year PATMI of$291.3 million, an increaseof 43.1% over the sameperiod in 2006.

With this performance, theCompany will be paying aninterim dividend in August2007.

PROSPECTSRefining capacity in the

region will continue to beconstrained as new capacityhas yet to come onstream.Demand for refined productswill remain strong with theanticipated pace of regionaleconomic growth. Marginsare, therefore, expected toremain healthy for the rest ofthe year.

On exploration andproduction, SPC has steadilygrown its presence and willcontinue to increase itsexploration acreage andproduction assets. keppelite

10 Business


In the first half of 2007, theGroup’s turnover grew209% to $10.8 million from$3.5 million for the sameperiod in 2006. This wasdue to the recognition of$8.6 million in revenue forPhase 1 of its residentialdevelopment in Tianjin,as well as contributionsamounting to $2.1 millionfrom golf course operations.

A gross profit of $1.6 millionwas recorded for the firsthalf of 2007, mainlyattributed to golf operations.Contributions from Phase 1of the Tianjin residentialproject were marginal dueto low sale prices andsubstantial infrastructurecost associated with itsdevelopment.

Gross profit for the same

Evergro’s turnover up 209%to $10.8 millionOngoing consolidation efforts secure path for future growth.

period in 2006 wassomewhat higher at$2.3 million due to lowercost of sales, confined to golfcourse operations.

Other operating income of$2.2 million was recordedfrom the receipt of two finalinstallments from the sale ofland parcels in Changzhou.

Operating loss in the firsthalf year dropped 68% to$1.6 million, from a loss of$5.1 million in the sameperiod in 2006. Operatingloss was further reducedafter taking into accountinterest income, financecost and the shareof results of associatedcompanies.

In the first half of 2007, theGroup made a gain of

$4.1 million from thedivestment of 50% of aJiangyin company. In thecorresponding period in2006, the Group realised aprofit of $36.5 million fromthe sale of 90% of itssubsidiary company inTianjin.

All in all, the Group reporteda pre-tax profit of$2.5 million in the first halfof this year. With a taxprovision of $1.5 millionrelating to the abovedivestment gain, profit aftertax is $1 million.

During the first six monthsof this year, the Grouplaunched 130 apartmentunits of its residential projectin Changzhou, of which70% has been sold.

The Group’s two otherresidential projects are alsoprogressing well. The designfor the project in Jiangyin isbeing approved by localauthorities and constructionis scheduled to commence inthe last quarter of 2007. Theproject’s soft launch is slatedfor early 2008.

As for the Tianjin project, theremaining 10 villa units inPhase 1 will be launched inthe third quarter of 2007while plans for Phase 2 are

underway. The constructionof Phase 1 is scheduled tocomplete at end-2007 andconstruction of Phase 2 willbegin thereafter.

The Group has also startedplanning the second 9-holegolf course in Jiangyin,whose construction willcommence shortly.

The Chinese economyis expected to continueattaining substantial growth,bolstered by a buoyant stockmarket in the past sixmonths.

Liquidity continues to be akey factor driving theincrease in real estateinvestments as well asproperty prices in China.

While the uptrend isexpected to subsist over thenext 6 to 12 months, theintroduction of new coolingmeasures by the Chinesegovernment may beanticipated.

Looking ahead, Evergro willcontinue to maximise thepotential of its currentportfolio in Changzhou,Jiangyin and Tianjin, as itseeks new opportunities inmiddle-income housingacross China’s second tiercities. keppelite

Evergro will continue to maximise the potential of its current portfolio as it seeks newopportunities in middle-income housing across China’s second tier cities

Business 11


Mr Lim Kei Hin has joinedKeppel Land as its ChiefFinancial Officer on 9 July2007.

Mr Lim, 49, has more than20 years of diverseexperience having served indifferent financial andgeneral management rolesin Singapore, Philippines,Australia and the US. He waswith Singapore AirlinesLimited from 1982-2000 andwas Chief Financial Officer ofSingapore Airport TerminalServices Limited prior to hisnew appointment in Keppel

New CFO joins Keppel LandLand. He holds a Bachelorof Science (Economics) inAccounting & Finance(Honours) from the LondonSchool of Economics &Political Science, UK.

“As Keppel Land expandsits footprint in Asia,Kei Hin’s rich regional andinternational exposure andexperience will contribute toour continued growth,” saidMr Kevin Wong, ManagingDirector of Keppel Land.

Mr Choo Chin Teck, 62, willpass the baton as Keppel

Land’s Chief Financial Officerto Mr Lim. Mr Choo willstill remain as CompanySecretary and Director,Corporate Services.

Mr Choo has served in theKeppel Land Group for morethan 30 years and becameChief Financial Officer andCompany Secretary of thenStraits Steamship Company(Renamed Straits SteamshipLand Ltd in 1989, and KeppelLand Ltd in 1997) in 1980and also Director, CorporateServices in 1985. keppelite

Mr Choo Chin Teck welcoming Mr Lim KeiHin, Keppel Land’s new Chief FinancialOfficer

Nurturing tiesMr Kevin Wong, MD ofKeppel Land, in conversationwith HE Gloria Macapagal-Arroyo, President of theRepublic of The Philippines atthe Philippines-SingaporeBusiness Council (PSBC)Business Dialogue held atThe Fullerton Hotel on25 June 2007. The PSBC,launched in 1994, has beenan effective platform for thedevelopment of businesspartnerships. keppelite

12 Business


Keppel Nantong Shipyardlaunched its first AzimuthStern Drive tugboatsuccessfully on 1 July 2007.Its sister tugboat followedswiftly two days later.

It was a moment of jubilationas all employees presentlooked forward to the firsttouch of water for the pair.

As Mr Lee Tai Kwee,President of KeppelNantong Shipyard, hadaptly noted in his letter toal l employees, “Theheavens are with us, as thetug was launched, theheavens showered us withblessings, which allowedthe sea level to rise, and ourfirst ‘child’ rose with thetide. Let us pray for theheavens to grant it fairwinds and following seas.

“The successful launchingsof these two tugs are notwithout all of our sweat andtoil. I thank all of you, andlet us jointly wish KeppelNantong Shipyard a brightand prosperous future.”

Meanwhile, sister yardKeppel Singmarine alsoachieved milestones on itsprojects.

Steady progress at our yards

Keppel Singmarine also recently launched a 130-tonne AHTS vessel built for GulfmarkOffshore

The first Floating Storageand Offloading vessel forL U K O I L –NIZHNEVOLZHSKNEFT (NVN)laid its keel in late June,witnessed by Mr Yuri Isupov,the authorised representativeof LUKOIL-NVN.

The 130-tonne AnchorHandling Tug/Supply (AHTS)vessel for Gulfmark Offshorewas launched on 16 June2007.

Keppel Singmarine iscurrently building four suchvessels for GulfmarkOffshore, while two othersare being built in KeppelNantong Shipyard. keppelite

A first for Keppel Nantong, two tugboats were launched on 1 and 3 July respectively

Business 13


Keppel Singmarine deliveredVZMORYE to customerLUKOIL Kaliningradmorneft(LUKOIL) nine days early on21 June 2007.

This achievement for thesecond 60-tonne bollard pull,ice-class Anchor HandlingTug/Supply (AHTS) vessel isanother commendable effortby Keppel Singmarine.

The first vessel, M.V. Svetlyy,was also delivered 11 daysahead of schedule on20 December 2006.

VZMORYE was named by

Second ice-class AHTS deliveredLady Sponsor, Ms TamaraUnguryan, Deputy GeneralDirector for Legal Mattersof LUKOIL at a ceremonyheld under the eveningsky in Keppel Singmarine’syard.

Mr Hoe Eng Hock,Executive Director of KeppelSingmarine, said, “The earlydeliveries are an affirmationto our customers that Keppelis the provider of choice inhelping them to grow theirfleet.

“It also reflects the successof the cooperation with our

-20°C in ice thickness ofup to 70 cm.

Keppel Singmarine isconstructing another fivevessels for LUKOIL.

They are two ice-breakingsupply vessels, a FloatingStorage and Offloading (FSO)unit and two Ice-Class multi-purpose standby and rescuevessels that were recentlyawarded (see story on backcover). keppelite

customers as well as ourexperience and expertise inthe design and constructionof sophisticated andcustomised vessels for theoffshore services industry.”

Jointly designed anddeveloped by Robert AllanLtd of Canada andKeppel’s design arm, MarineTechnology Development,VZMORYE will be deployedin the Northern Caspian Searegion to service LUKOIL’soffshore projects.

She will be able to operatein cold weather conditions of

On behalf of LUKOIL, Mr Victor Velikov, Deputy General Director of LUKOIL (first from left) receiving a gift from Mr Charles Foo, Chairman of Keppel Singmarine (second from right) whileMs Unguryan and Mr Hoe look on

14 Business


With effect from July, GroupRisk Management & Auditwas re-organised into twoseparate departments –Group Risk Managementand Group Internal Audit.

Ms Tina Chin hasrelinquished her role inGroup Internal Audit and isre-designated as GeneralManager of Group RiskManagement.

Ms Tan Eng Hwa wasappointed as GeneralManager of Group Internal

Audit on 2 July 2007.Ms Tan was previously fromExxonMobil, with morethan 20 years of workingexperience in variousfunctions including IT systemimplementation, businessa n a l y s i s , m a r k e t i n gdistribution & planning,financial reporting and audit.

Sharing with Keppelite onjoining Keppel, Ms Tan said,“The opportunity to joinKeppel came when I wasbased in the US as the GlobalRetail Financial Operations

Advisor. Parting with acompany where I had spentmy entire work life wasunthinkable but thechallenge to work in a seniormanagement position in apremier listed company inSingapore was hard to resist.

“After researching theKeppel website, I wasconvinced that Keppel hasmuch to offer – it isdiversified, dynamic andmost importantly, growing !Returning home to be nearmy family and friends wasalso a big plus.” keppelite

Keppel Corporation is aFounding Sponsor of theSingapore InternationalWater Week (SIWW) fortwo years.

The SIWW is a five-dayinternational event whichprovides opportunitiesfor government officials,industry leaders as well aswater specialists andpractitioners to gather anddiscuss policies, businesssolutions and watertechnologies.

Keppel sponsors SingaporeInternational Water Week

Besides the Lee Kuan YewWater Prize, a prestigiousinternational award torecognise outstandingcontributions in solvingwater issues, the SIWW alsocomprises the Water Leaders’Summit, Water Conventionand Water Expo.

The theme of the inauguralSIWW, to be held from 23 to27 June 2008, is SustainableWater Solutions for Cities.With growing globalisationand urbanisation, good

urban leadership is critical.Governments, corporationsand industries need toaddress the issues facingcities together throughsustainable and effectiveimplementation of waterinfrastructure, and continuedresearch and innovation.

K e p p e l S e g h e r s , t h eenvironmental technologys u b s i d i a r y o f K e p p e lCorporation, has beendevelping sustainable watertechnology solutions for

more than 30 years thatcovers the full water cycleand offers solutions forwastewater treatment,process water, drinkingwater, desalination, waterreuse and odour treatment.

Leveraging state-of-the-arttechnologies developedin-house and years ofexperience, Keppel Seghersh a s e s t a b l i s h e d a noutstanding track record ofover 500 successful waterreferences worldwide. keppelite

Reorganisation of Group RiskManagement and Audit

Ms Tan Eng Hwa

Business 15


A new 45-tonne bollard pullAzimuth Stern Drive (ASD)tugboat will soon join KeppelSmit Towage’s (KST) fleet ofvessels when Keppel CebuShipyard delivers it in August2007.

This agreement was sealedon 8 May 2007.

Mr Fok Swee Yin, Presidentof Keppel Cebu, shared at

Keppel Cebu inks tugboat dealthe signing ceremony,“Keppel Cebu is the firstISO-certified shipyard inthe Philippines. We seekto constantly upgrade ourfacilities to service thegrowing market for newoffshore support vessels,such as tugboats.”

The new tug, known as Hull15, is driven by two Nigata6L25HX marine engines. She

will have a twin Niigata ZP-21 propulsion systems aswell as two Cummins CSMXTA8.3 generator sets thatprovide auxiliary power.

Keppel Cebu is alsoconstructing two 50-tonnesbollard pull tugboats, Hull 16and Hull 17, for Singapore’sMaju Maritime Pte Ltd. keppelite

It was a proud day for theproject teams working onDiscovery I and Deep Driller6, a KFELS B Class and aKFELS Super B Class jackuprigs Keppel FELS is buildingfor Discovery Drilling andAban Offshore (Aban)respectively.

Keel laying ceremonies forboth projects took place on9 July 2007, which saw thefirst block of a rig beingplaced on keel blocks,marking the start of the rig’snext phase of construction.

Leading the Discovery Iproject, Keppel FELS’ SeniorProject Manager, Mr A. C.Lim, said, “Attaining thisproject milestone is highlysatisfying, knowing that boththe Keppel FELS and

Executing on an even keelDiscovery Drilling teams haveworked closely together tosuccessfully deliver what wehad set out to do. The nextmilestone is a few monthsaway but we are certainlylooking forward to gettingthere.”

Sharing the samesentiments is Mr V. K.Nagpaul, Project Head ofDiscovery Drilling. He said,“Through open discussionsand excellent teamworkbetween the two projectteams, Keppel FELS has againfulfilled its commitment bydelivering this milestone ontime, on budget and safely.We anticipate achieving thesame results for the nextmilestones and to the finaldelivery of a high-qualityrig.”

Deep Driller 6 is the fourthof five Super Bs jackup rigsKeppel FELS is building forAban. Sister rig, Deep Driller5, was delivered on 12 July2007, on time and onbudget.

Hull 15 will be ready to serve Keppel SmitTowage in August this year

Meanwhile in the Philippines,Keppel’s Subic Shipyard laidthe keel for Gold Star, asemisubmersible drilling rigfor the Brazilian drillingcontractor, Queiroz GalvaoPerfuracões (QGP). keppelite

The first block for Discovery I and Deep Driller 6 was laid on keel blocks in Keppel FELS’sdrydock

16 Business


Following the successfuloutfitting job of the FloatingProduction Storage andOffloading (FPSO) facility,Sevan Piranema, in 2006,Keppel Verolme is well ontrack with the secondS e v a n F P S O p ro j e c t ,Sevan Hummingbird.

Two months after thefacility’s China-built steel hullarrived at the yard in April,the topside and centralshaft installation within thedrydock was completed. Theunit is currently undergoingthe equipment installationand commissioning worksalong the quayside.

The FPSO is scheduled to beoperational in end 2007 atthe Chestnut field in thecentral North Sea for a fixedcontract period of two and ahalf years.

Delivering excellenceKeppel Verolme is alsoundertaking the upgradingof an accommodation jackuprig, Port Rigmar for AwilcoAS, and a semisubmersiblerig, Noble Ton van Langeveld,for Noble Drilling (Nederland)BV.

Works onboard Port Rigmarcomprise mainly thestrengthening of one ofthe unit‘s legs. Particularchallenging is the use ofhigh yield strength steel(Dilimax 690) and the heightof installation, which is atapproximately 100 metresabove the dock floor.Simultaneously, the rig willundergo her regulatoryclass special survey, bottomplate renewals andthe installation of newand additional marineequipment.

Noble Ton van Langeveld wassent to Keppel Verolme inMay 2007 for upgradingworks, regulatory inspections,general maintenance worksand installation of two newcranes. Several ballast tankswere re-coated while tank

Keppel Verolme is progressing well on track for its projects. At the foreground,FPSO Sevan Hummingbird and jackup rig Port Rigmar

and hull anodes wererenewed.

For the safe and earlycompletion of the project,Keppel Verolme wasawarded a US$100,000bonus by the satisfied owner.keppelite

Mr Daniel Libeskind, the world-celebrated architectbehind Reflections at Keppel Bay was recently in town from21-22 June 2007. He was invited as speaker in a talk at theURA Centre on 21 June 2007 and delivered his speech,entitled Breaking Ground.

During his visit to Keppel, Mr Libeskind was received byMr Teo Soon Hoe, Keppel Corporation’s Senior ED and GroupFinance Director at Keppel HQ where he was able to enjoya bird’s eye view of how the waterfront precinct of KeppelBay is quickly transforming. keppelite

Libeskind visits Keppel

Business 17


The Gangzha District ofNantong, China, organiseda safety promotion meetingon 19 June 2007 for safety

Boosting safety standardsin Nantong

and branch officers of thevarious zones, villages anddevelopment areas, as wellas representatives of the

Mr Xuan Jing Gang, Head ofthe Administration of WorkSafety, also discussed indetail some case studies ofrecent safety incidents in theregion, emphasising on theimportance of safety.

The fruitful sharing sessionand discussions by KeppelNantong’s HSE departmenton the promotion andenhancement of safetystrategies and initiativesat the workplace left theparticipants with a lastingimpression of the importanceof safety and of KeppelNantong Shipyard. keppelite

ExxonMobil and KeppelShipyard co-produced a 13-minute video to emphasisethe importance of safety atthe workplace.

The video, which took abouta month to produce, wasscreened to workers onboardFPSO Mondo which isundergoing conversion workin Keppel Shipyard. Overthe three days between 18-20 June, a total of about1,700 employees watchedthe video.

Keppel partners ExxonMobilon safety

The video portrayed a typicalday of four workers workingin Keppel Shipyard, from thetime they leave home forwork, communicating andcarrying out their dutiessafely at the workplace andsafely returning home totheir families in the evening.

This video will be screenedfor all working in KeppelShipyard next month. keppelite

Participants of the District Safety Promotion Meeting gained good insights of KeppelNantong’s safety practices

shipbuilding and shiprepairbusinesses in the District.

Some 80 persons attendedthe session, which was heldat Keppel Nantong Shipyard.

The meeting was hosted byMr Shi Yao Lin, BureauDirector of Gangzha’sAdministration of WorkSafety Superintendent.Prior to the meeting,participants toured theKeppel Nantong yard for agood understanding of theyard’s Health, Safety andEnvironment (HSE) practicesand policies.

Mr Abu Bakar, GM (Operations) of Keppel Shipyard addressing the workers before the safetyvideo was screened

18 Business


Keppel Logistics wasbestowed the “Best RetailLogistics Service ProviderAward (Singapore)” in theFrost & Sullivan’s “2007ASEAN Logistics Awards –Voice of Customer” on20 July 2007.

The award recipients werejudged on 25 evaluationparameters by theircustomers, including therange of services provided,industry expertise, speed andconsistency of service,warehouse facilities, level ofintegration of supply chain

Best retail logistics service providerand end-to-end process datacapturing and sharing.

At the awards dinner,Mr Quek Keng Liang,Executive Director ofKeppel Logistics said, “Beingsingled-out by our customersas one of the best-in-classis especially meaningful forus.

“We have a history that goesback to 1965. Through theseyears, we have grown andevolved with our customersand fo rmed s t rongrelationships. One outstanding

example of such a relationshipis a customer who has stayedwith us for more than 40years. Our guiding principleis simple, that is, to add valueto our customers’ businesses.

“This award then validatesnot just our operationalcapabilities. It is really atestament of our closerelationships with ourcustomers as partners. Thisaward will spur us to workharder. It lends us strengthin our efforts to innovateand adapt to take on thechallenges ahead.”

Mr Keow Soon Hiong,Research Analyst at Frost &Sullivan Transportation &Logistics Practice, Asia Pacificsaid, “Keppel Logistics hasbeen rated very highly by itscustomers on performancerelated to the rangeof services, industryexpertise, infrastructure andinformation management.The company has alsoachieved high ratings from itscustomers on performancerelated to consistency ofservice quality, competitivepricing, and commitment toclients’ needs.” keppelite

No one expresses it better: (right) Mr Quek Keng Liang, ED of Keppel Logistics, receives the award for “Best Retail Logistics – Singapore”

Business 19


Showcasing Keppel’s global networkin Norway

Keppel Offshore & Marinemade a strong presence atthe recent Nor-Shipping2007 exhibition with ashowcase of its products andtechnology.

The exhibition, held from12-15 June in Oslo, Norway,saw Keppel FELS, KeppelShipyard, Keppel Singmarineand Keppel Verolmeparticipating under theumbrella of the SingaporePavilion. It provided valuableopportunity for Keppel O&Mto get together with itspartners and suppliers.

Keppel in the Singapore showcase at Nor-Shipping 2007: Keppel Shipyard’s ExecutiveDirector, Mr Nelson Yeo (left) welcoming Mrs Lim Hwee Hua, Minister of State for Finance andTransport at the Singapore Pavilion

Keppel Logistics (Foshan)Limited (KLF) was invited bythe Foshan Governmentto the 4th Foshan(International) LogisticsSymposium on 28-29 June toshare its experience as oneof the leading logisticscompanies in Foshan.

The Symposium wasorganised to introduceFoshan City’s developmentand woo investments fromforeign companies. At theopening ceremony of theSymposium, Mr Au YongKong Seng, GeneralManager of KLF, briefed

Sharing the Foshan success storythe audience on KLF’sdevelopment, performanceand achievements in Foshansince its inception in 1995.

Mr Au Yong said, “With jointefforts by both the Singaporeand Chinese partners as wellas strong support from theFoshan Government, KLF hasachieved annual increase inboth cargo throughput andrevenue, and has alsoestablished subsidiaries inShenzhen and Hong Kong aswell as a representative officein Guangzhou.

“While strengthening

existing operations inFoshan, KLF will be buildinga ‘hub & spoke’ network inthe Pan-Pearl River Deltawhile providing value-addedservices to our customers.”

Mr Au Yong also explainedthe main reasons behindKLF’s confidence in investingand continuing expansion inthe Pearl River Delta and forchoosing Foshan as itsbeachhead.

At the Symposium, KLF alsosigned a pledge to considerrecruiting fresh graduatesfrom Guangdong Industry

Technical College forthe company’s internshipprogramme. keppelite

Mr Au Yong Kong Seng, General Managerof KLF, shared on the comapny’s strategyand growth in the Pearl River Delta

His Majesty King Harald V ofNorway visited the SingaporePavilion and was briefed byMr Nelson Yeo, ExecutiveDirector of Keppel Shipyard.

More than 825 companiesfrom 43 countriesparticipated in the eventwhich featured dignitariesand leading experts indiscussions on Arctic-relatedissues of which Keppel O&Mis very familiar, havinggarnered expertise buildingrigs and vessels for the NorthSea. keppelite

20 Special Focus


Catering to strong demandfor quality housing acrossAsia, sustained by stronghomeownership aspirations,a growing middle class andpositive economic growth,Keppel Land continuesto focus on developingresidential and large-scaletownship homes in Asia’sgrowth cities.

“Today, with a potentialcritical mass of some 150.8

Enlarging regional footprint withtownship homes

million sq ft of gross floorarea for the development oftownships across the region,our strategy is taking flight.We are confident that ourfocus and edge in townshipswill thrust the company intoits next phase of regionalexpansion, and createsustainable streams ofincome for ourshareholders,” said Mr AngWee Gee, Director, RegionalInvestments, Keppel Land.

IN VIETNAM

Dong Nai townshipin HCMCKeppel Land recentlyannounced that it willdevelop a residentialtownship on a 509-ha site inthe fast growing Dong NaiProvince, located just 28 kmto the northeast of Ho ChiMinh City.

Leveraging the two-kmfrontage to the Dong NaiRiver, the vision for the siteis that of a waterfrontre s i d e n t i a l t o w n s h i pcomprising about 14,000homes.

The project will be jointlydeveloped with the DongNai General AgricultureService United Cooperativeand Vietcombank FundManagement.

This new development willbe Keppel Land’s secondtownship in Vietnam. Its firstresidential township, SaigonSports City, themed with ahealthy lifestyle concept, isan integrated residential,commercial and recreationalsporting hub on 64-ha site inHCMC’s prime An Phu Warddistrict.

Under the Agreement, theVietnamese partners shallcontribute the land while

Keppel Land shall contributeconstruction cost as its shareof the capital.

The total investment capitalfor the initial stage of a193-ha parcel, to bedeveloped in phases, isestimated to be aboutUS$357 mil (S$550 mil).

Upon the issuance of theinvestment certificate ando b t a i n i n g r e l e v a n tgovernment approvals,a joint venture companywill be formed, with theKeppel Land subsidiarytaking up a 45% stakeamounting to US$32 million(approximately S$49 million)of the total registeredcapital of US$72 million( a p p r o x i m a t e l yS$110 million), whileDONA Co-op and VCBF willhold the remaining 55%.

Targeted at the middle toupper-middle home buyers,the waterfront homestogether with supportingcommercial and publicamenities will have apotential gross floor area ofabout 28 million square feet.The first phase of thedevelopment is expected tobe launched in 2009.

Mr Ang said, “As we buildup our portfolio of qualitydevelopments in prime

Today, with a potential criticalmass of some 150.8 million sq ftof gross floor area for thedevelopment of townships acrossthe region, our strategy is takingflight. We are confident that ourfocus and edge in townships willthrust the company into its nextphase of regional expansion, andcreate sustainable streams ofincome for our shareholders.

Mr Ang Wee GeeDirector, Regional Investments, Keppel Land

21


locations, we continue tostrengthen our position andreputation as one of theleading foreign propertydevelopers in Vietnam.

“Dong Nai, the province thatattracts the highest foreigninvestments in Vietnamafter HCMC and Hanoi, isundergoing rapid growth,resulting in a steady increasein demand for quality homes.

“We will bring to bear ourexperience and expertise inlarge scale, integrated lifestyle

developments across theregion to meet the strong,sustainable demand.”

The Dong Nai Townshipdevelopment is located nextto District 9, where HCMC’sHi-Tech Park, home to Intel’snew US$1 billion facility, iscurrently being developed.

It is only a 45-minute drivefrom HCMC’s CentralBusiness District, and just 20km from the future LongThanh International Airport,which will eventually replace

the existing Tan Son NhatInternational Airport inHCMC. Construction ofPhase 1 of the new airport isexpected to commence inend 2007 and be completedby 2011.

MOUs for townships inHanoiOver in Hanoi, Keppel Landh a s a l s o s i g n e dM e m o r a n d u m s o fUnderstanding to form jointventure companies todevelop two residentialtownships.

One of the proposed jointventure developments,located at Sai Dong, is signedwith local partner, HanoiElectronics Corporation, astate-owned company underthe purview of the HanoiPeople’s Committee. Locatedin Long Bien District, only sixkm from Hanoi’s CentralBusiness District, thedevelopment on the 407-hasite is that of a moderntownship, also themed witha healthy lifestyle concept.

The other development,located at North Thang Longin Dong Anh District,comprises two parcelscovering a total of 949hectares. It is strategicallylocated along the highwayleading from Hanoi city tothe international airportand about 18 km fromdowntown. The MOU issigned with local partner,Hanoi General Export andImport Corporation, a state-linked company.

ANALYSTS IMPRESSEDWITH FAST-PACEDGROWTHTo help investors gain moreinsights into its regionalstrategy and the Vietnammarket, Keppel Land recentlyorganised a familiarisationtrip to HCMC for adelegation of 20 analysts.They were accompanied byKeppel Land’s Director ofCorporate Services, Mr ChooChin Teck and AGM ofResearch and InvestorRelations, Ms Serena Toh.

The waterfront residential township in Dong Nai Province is expected to create about 14,000 homes

Continues on page 22...

22 Special Focus


The site visit allowed theanalysts to be ‘on-the-ground’ to feel the strongand quick pulse of real estategrowth in Vietnam. They leftVietnam upbeat and verypositive.

They noted Keppel Land’sfirst mover advantage as oneof the earliest and largestforeign developers andwere impressed with thequality of its developmentswhich they toured during thevisit. They also saw forthemselves the risingpurchasing power evidencedby the influx of popularinternational retail brandsand patronage of upmarketrestaurants and outlets.

Following the visit, therewere several upgrades ofKeppel Land stock to BUYwhile others raised theirtarget prices.

During the two-day trip,Keppel Land also organiseda special visit for over 50 ofJP Morgan’s clients to VillaRiviera and the two recentlyacquired sites of The Estella

and the prime waterfrontcondominiums.

IN CHINAKeppel Land is fueling itsgrowth in China with apipeline of mega lifestyleprecincts to be developed inTianjin.

These include the first in aseries of township projectsalong the new Tianjin-Binhaimass transit line; an exclusivearrangement to plan andprepare land for a 44.1 sq kmmodel town in Gegu, as wellas an integrated BusinessProcess Outsourcing park inthe Xiqing Economic &Development Area.

Xin Li Zhen townshipKeppel Land is advancingits pursuit of residentialtownship opportunities alongthe new Tianjin-Binhai masstransit line, with the unveilingof a master plan for a 6.26sq km integrated lifestyleprecinct in Xin Li Zhen.

This follows a Memorandumof Understanding betweenKeppel Land and the

Tianjin Binhai Mass TransitDevelopment Co. Ltd. (BMT),which was signed in thepresence of the PrimeMinister of the Republic ofSingapore, Mr Lee HsienLoong.

The proposed township,whose land will be contributedby BMT, has the capacity toyield more than 52,000 homesover the next 20 years.

“Keppel Land and BMT areworking together exclusivelyto explore strategic townshipdevelopment opportunitiesalong the Tianjin-Binhai masstransit line. Our developmentplans have since progressedexpediently with theidentification and planningof our first site.

“With growing affluenceacross China, more peoplewill desire a better lifestyleafforded by quality homes.We want to cater to thisgrowing demand, by offeringwell-planned and designedtownships that integratequality homes with a widerange of lifestyle amenities.

“Our first project in Xin LiZhen will be a showpiece ofthe quality and scale of ourfuture townships alongChina’s longest citynetwork,” said Mr KevinWong, Keppel Land’sManaging Director.

Gegu model precinctIn addition to unveiling theXin Li Zhen master plan,Keppel Land also sealed itsinterest to prepare land for a44.1 sq km mega waterfrontprecinct in Gegu town at theinaugural Singapore TianjinEconomic and Trade Council(STETC).

Witnessed by Singapore’sMinister for NationalDevelopment, Mr MahBow Tan and Mayor ofTianjin, Mr Dai Xiang Long,a M e m o r a n d u m o fU n d e r s t a n d i n g w a ssigned with the People’sGovernment of Gegu andTianjin Hongkan PropertyDevelopment Company tojointly embark on thisproject.

“The satellite town of Geguhas been earmarked by localauthorities as a model for thepilot testing of various newreform policies in the TianjinBinhai New Area.

“This is an exciting andunprecedented project inChina, where a privatedeveloper may directlypartake in the landpreparation of a massiveprecinct endorsed by thelocal government,” saidMr Wong.

...continued from page 21.

Mr Linson Lim (extreme left), Chief Representative of Keppel Land in Vietnam, sharing insights with visiting analysts on Keppel Land’s regionalstrategy and the Vietnam market

23


The joint venture (JV) willspearhead a series ofactivities including themaster planning andinfrastructural developmentof the entire precinct,resettlement, funding aswell as the promotion andtendering out of landparcels.

The land preparation forGegu will be carried out inthree phases, over 12 to 15years. The entire precinct willbe divided into zones forresidential, commercial,industrial and agriculturaluse.

For its involvement, the JVwill be entitled to proceedsfrom the sale of the preparedland parcels. Keppel Land willalso explore opportunities tosecure land parcels withinGegu for the development oftownships.

“The Gegu precinct, as withXin Li Zhen, enjoys excellentfrontage along Haihe, one ofChina’s major tributaries,and is ideal for integrateddevelopments comprisingwaterfront amenities suchas a marina and relatedrecreational sports facilities.

“As a pioneer Singaporedeveloper in Tianjin, KeppelLand will bring to the tableour experience and expertisein developing such large-scale integrated projects inthe region, to createlandmark waterfront districtsin China,” said Mr Wong.

XEDA integrated BPOparkUnder the auspices of STETC,Keppel Land also enteredinto a Memorandum ofUnderstanding with theXiqing Economic &Development Area

Administrative Committeeand a group of Singaporeorganisations, includingSingapore CooperationEnterprise (SCE), to jointlyexplore the development ofan integrated BusinessProcess Outsourcing (BPO)park in Tianjin.

Tianjin has been designatedas a BPO hub by the ChineseMinistry of Commerce inDecember 2006. With BPOas a key focus in Tianjin’sgrowth plans, the localgovernment is activelyexploring the developmento f c o r e r e g i o n s f o routsourcing activities.

The proposed integratedBPO Park will be situatedwithin the Xiqing Economic& Development Area (XEDA),a nat iona l ly -endorsedelectronic and IT industrialdistrict located in Xiqing

District, at the fringe ofTianjin’s city centre. The Parkwill interface zones forcommercial, residential,recreational and specialisedBPO amenities.

Led by Singapore, the Park’sdevelopment is an importantinitiative under STETCto promote softwareexchange through trainingprogrammes and the sharingof Singapore’s public sectorexpertise through SCE.

In this public-private sectorpartnership, Keppel Landwho is also a foundingmember of the SingaporeConsortium behind theSuzhou Industrial Park,will contribute its experienceand expertise in thedevelopment, managementand marketing of large scaletownship projects in theregion.

Since its establishment in1 9 9 2 , m a n y f o re i g ninstitutions have beenattracted to invest in XEDA,d u e t o i t s s t r a t e g i cgeographical location,c o m p r e h e n s i v einfrastructure, favourablebusiness policies and qualityservices. Multinationals suchas Motorola, P&G andPanasonic have also set upoperations in Xiqing District.

The proposed BPO Park willcontinue to draw an influx oflocal and internationalinvestors and talents toXEDA, and strengthenTianjin’s position as a choicehub for BPO activities inChina. keppelite

Keppel Land unveils its master plan for a 6.26 sq km integrated lifestyle precinct in Xin Li Zhen at the inaugural Singapore Tianjin Economic andTrade Council. From left: Minister for National Development, Mr Mah Bow Tan; Mayor of Tianjin, Mr Dai Xiang Long; Mr Chan Soo Sen, Director(Chairman’s Office) Keppel Corporation and officials from the Tianjin government

24 Team


24 Team

Keppel Land put the businesso f n u r t u r i n g l a s t i n grelationships with its tenantson course through one ofthe annual friendly golftournaments it organises –the 32nd Ocean Building/O c e a n To w e r s G o l fTournament was held atSentosa Golf Club’s TanjongCourse on 22 June 2007.

Excitement was in the air asthe players went all out toconquer the greens, vying forthe divisional prizes and thehole-in-one cash prize ofS$100,000.

Mr Kwek Chok Wen fromPrudential Assurance almostclinched the coveted cashprize with a hole-in-one athole number 2, but had tosettle for a consolation prizeas the designated hole wasnumber 13.

The Overall Champion titlewent to Mr Ng Boon Hengfrom Ernst & Young and hetook home the challengetrophy, a $750 Robinsonsvoucher and two boxes ofTitleist golf balls.

”I’ve participated in thegame for three years andit was always very wellorganised. I certainly lookforward to playing again atnext year’s tournament,”said a beaming Mr Ng.keppelite

Networking on the greens

Overall Champion Mr Ng Boon Heng sharing his joy with fellow golfers

Best Lady Golfer Mrs Lim Hock San in action

Three times lucky for Mr Ng Boon Heng (right), receiving the Overall Champion trophy fromMr Kevin Wong, MD of Keppel Land

Team 25


“Every corporation,organisation or evengovernment is only as goodas its people. Keppel’ssuccess is therefore solidlyfounded on the quality of itspeople – those who strive tomake a difference in ourworkplace by continuallychallenging and improvingthemselves,” said ProfessorBernard Tan, Chairman ofthe Keppel GroupScholarships SelectionCommittee in his openingaddress during the awardceremony on 3 July 2007.

This year, Keppel harvesteda bumper crop of 12scholars. They display amongthem a wide range of talentsand interests, as can be seenby their participation andachievements outside the

Grooming talentsclassroom. We have scholarswho are sportsmen,performers as well asvolunteers of humanitarianprojects. The diversity liesalso in their choice ofstudy which ranges fromEngineering to Economicsand Accountancy.

The scholarship awardsceremony was held at theshow gallery of Reflectionsat Keppel Bay. Other thanpresenting the scholars inperson, the ceremony alsoshowcased what they feelabout growing beyond andwhat drives them throughposters and a short video.

As Keppel Scholars, each ofthem will be given manyopportunities to prove theirworth.

“The Group needs peoplewith passion in what they doand who put in their besteffort in their work,” sharedYew Teik Kheng, a KeppelO&M scholar who willbe pursuing mechanicalengineering in NUS. “I thinkI fit the description and thatwill push me through anychallenge and stretch mebeyond.”

“When an opportunitycomes your way, one shouldrelish it and build upon it.This hunger of mine togetherwith my strong moral valuesof integrity and candor willtake me through my time asa Keppel scholar,” said JoelLeong, a Keppel Energyscholar who will be readingBusiness Management andAccountancy in SMU.

For Jason Ho, a Keppel Landscholar who will be studyingBusiness Managementand Accountancy in SMU,“I am confident that mywillingness to learn and mydetermination to succeedwill see me through allchallenges and obstacles.I look forward to theattachment with Keppelwhere my abilities will be putto the test.”

Since its inception in1989, the Keppel GroupScholarships have nurturedand developed talentedindividuals with the passionand enthusiasm to succeedacross the Group’s spectrumof businesses. To thescholars, congratulationsand welcome to the Keppelfamily. keppelite

New Keppel Scholars: (L-R) Quek Shian Pin, Ho Wei Xiang, Lim Wenjie, Jason Ho, Aaron Wong, Joel Leong, Tan Kai Pin, Xu Youqing, Joh Kia Boon, Alison Liew, Jacky Toh and Yew Teik Kheng

26 Team


The atmosphere was oneof quiet pride andaccomplishment. Smilesadorned the faces of the12 Angolan trainees, theirteachers, colleagues andfriends.

It was a day to celebrate whatthe trainees have achieved inthe past 10 months, comingto a new country, adapting toa new working environmentand learning a new languageand skills.

These trainees, who are partof ExxonMobil’s KizombaC Training Initiative, arethe second cohort to betrained by Keppel Shipyard.ExxonMobil establishedthe training initiative foremployees of Angolancompanies working on theproject. Both batches oftrainees are from Petromar, an

Second batch ofAngolan traineesgraduate

Angolan company whichfabricates Kizomba Ctopsides modules andsubsea components.

The Angolans have beentrained as safety officers,welders, crane operators andscaffolders. They were alsotrained in English by theBritish Council and exposedto Singaporean cultureduring the weekends.

Charles Pedro Pmemba, whoattended both the HumanResources training last yearand the Logistics training thisyear, said “I enjoyed thetraining at Keppel. It is a verybig company and I like itswork ethic and the systemsit has put in place. I hope toimplement the systems I havelearnt here when I go backto Angola.” keppelite

Four undergraduates arenow pursuing a four-yeardegree course in NavalArchitecture and MarineEngineering (BSNA) atthe NAMEI PolytechnicI n s t i t u t e ( N A M E I ) ,Philippines under theKeppel Philippines Marine,Inc (KPMI) Scholarship.

Myra P. Mendoza andAlvin Kenneth A. Ilagan arescholars of KPMI throughKeppel Batangas whileEdgardo Flores, Jr. andJonathan E. Baligad arescholars of KPMI throughSubic Shipyard.

The scholarship programmewill provide not onlyfinancial assistance butopportunities to promisingstudents to realise theirdreams of becomingproductive and professionalpartners of the marine andoffshore industry.

“I applied for thisscholarship so that I willease the financial burdenof my parents who have tosupport my nine brothersand sisters. I am gratefulto Keppel for this life-changing opportunity andit spurs me to strive foracademic excellence to

Fulfilling dreamsprove myself worthy of thescholarship,” said Myra P.Mendoza from Batangas.

Mr Charles Yap, President ofSubic Shipyard, said “Withthe growing participation ofKeppel Philippine yards in theoffshore and marine industry,the scholarship programmewill ensure that the yards willhave qualified individualswho will become dedicatedmembers of the projectteams in the future.” keppelite

Keppel scholars at NAMEI PolytechnicInstitute (building in background) L to R:Myra P. Mendoza, Jonathan E. Baligad,Edgardo Flores, Jr, Alvin Kenneth A. Ilagan

The new graduates together with representatives from Keppel Shipyard, Petromar andExxonMobil, celebrate their big day

Team 27


Even as students fromSingapore Polytechnic’sSchool of Mechanical &Manufacturing Engineeringcelebrated their graduationon 24 May 2007, manyof them were alreadycontemplating their future inthe new work arena.

At the graduating ceremony,Mr Tong Chong Heong, MDand COO of Keppel O&Mwas on hand to advise thestudents on the excellentemployment opportunitiesbefore them, especially in theoffshore and marine sector.

As the global leader in theoffshore and marine industry,Keppel provides a career likeno other to bright young

Fresh opportunities abound inoffshore industry

Project Managers and SafetyOfficers.

With 20 yards worldwide,Keppel has posted manyemployees on overseasassignments for trainingand development, providingthem the opportunity tobroaden their horizons.

Putting things in perspective,Mr Tong said, “I must cautionyou that the offshore andmarine industry is not for thefainthearted. It is for thosewho want challenges and ahighly rewarding career. Youhave to be innovative,adaptable and be ready topick up your bags and travelto anywhere in the world.”keppelite

Mr Tong Chong Heong, MD and COO of Keppel O&M, congratulating a graduate from the47th cohort of Singapore Polytechnic’s School of Mechanical & Manufacturing Engineering

talents. There are excellentcareer prospects forpolytechnic graduates asAssistant Engineers, Project

Supervisors, Designers,Planners, CommercialOfficers, Quality ControlInspectors, Assistant Ship

15 June 2007 was a redletter day for six Ngee AnnPolytechnic students whenthey, all Association ofSingapore Marine Industries(ASMI) scholars, graduatedwith diplomas inengineering, specialising inMarine & OffshoreTechnology and MechanicalEngineering.

The 2007 graduates all didextremely well. Three of

Class act by ASMI scholarsthem graduated withDiploma with Merit, whilefour were awarded prizes.Lyander Zane Tan won theSNAMES Gold Award forOutstanding Performanceand the ASMI prize, Zaw YeNaing and Luong Kok Chongboth won the KeppelOffshore & Marine prizes,while Anand Sathees Kumarwon a CCA Gold prize.

Mrs J. Tan, Zane’s proud

mother enthused, “We’regrateful to Keppel for givingZane the opportunity tofurther his career in theoffshore and marine industry.”

Mr Chee Jin Kiong, ED(Human Resources) ofKeppel O&M said “Throughthe scholarships, we are ableto reach out to talents withthe passion for the marineand offshore industry andsupport their education and

development at an earlystage.”

The scholars will work atKeppel O&M for three yearsafter they graduate. AnandSathees Kumar, who is nowwith Keppel Shipyard, said“The scholarship gave methe opportunity toconcentrate on my studiesand now embark on a goodcareer in the offshore andmarine industry.” keppelite

28 Team


Team 29


30 Team


Team 31


32 Team


Mr Nelson Yeo, Executive Director of Keppel Shipyard, shares the yard’s safetypractices with Mr Lee Tzu Yang (centre) and Mr Anthony Moran, Team Leader ShipQuality Assurance of Shell

Safety is top priority. This corevalue is evident not only tothe Keppel group, but also toour customers and partners.

As with Keppel Shipyard,Shell’s group of companiesplaces great emphasis ontraining to support safety’srole as a key component ofoperational excellence. Aspart of the industry’s practiceto promote safety at theworkplace, Shell Singaporeled by its Country Manager,Mr Lee Tzu Yang, visitedKeppel Shipyard on 6 July2007.

Senior representatives ofKeppel Shipyard’s customer,Single Buoy Mooring(SBM) and members of theoffshore and marine industrysuch as Prof Poo Aun Neow,Chairman of the WorkplaceSafety and Health(WSH) committee, Mr GohChye Guan, Secretariat of

Safety first

the Workplace Safetyand Health AdvisoryCommittee (WSHAC),M r M i c h a e l C h i a ,r e p r e s e n t i n g t h eAssociation of SingaporeMarine Industries (ASMI)and Ms Winnie Low,Executive Director of ASMI,were also present.

The visit served to shareKeppel Shipyard’s bestpractices and programmes,which includes initiativessuch as the SafetyLeadership Programme,Safety Steering Committee,Contractor StewardshipP r o g r a m m e a n dContractors’ Health SafetyEnvironment Watch Group.A fruitful discussionbetween the variousstakeholders took placefollowing a tour aroundKeppel Shipyard (Tuas) andSBM’s project for Shell,FPSO Espirito Santo. keppelite

Mrs Martina Go Ching Hai,daughter of Mr Lim TianTeng, one of the originalfounders of Keppel CebuShipyard, Inc., paid a visit tothe yard on 21 June 2007together with her husbandMr Go Ching Hai. Mr Limwas a founder of Hoa HinCo., which was renamedCebu Shipyard after WorldWar II.

In the prologue to the KeppelPhilippines Marine book,Mrs Go wrote, “I felt bothpainful nostalgia andhappiness that Keppel knewabout my father, Lim TianTeng, and his role, togetherwith Don Ramon Aboitz, inthe strengthening of HoaHin, later on Cebu Shipyard.”

Mr and Mrs Go had earlierattended a ceremonyunveiling a street markernamed after Mr Lim in

A trip downmemory lane

recognition for his threefoldcontribution to Cebu. Mr Limplayed an integral part inCebu’s shipping community,in the guerrilla forces whofought against occupationduring World War II, and inthe Cebuano community.

Commenting on Mrs Go’svisit, Jennifer Macairan,Corporate Affairs Managerof Keppel Cebu Shipyard,said “Keppel Cebu washappy to see that thefamily of the founders ofthe company have vividm e m o r i e s o f i t sachievements.

“In over one hundred yearsof its existence, the companyhas continued to grow anddevelop in its field of business,bringing employment and thetransfer of technology tothe generations to come.”keppelite

Mr and Mrs Go walked down memory lane at Keppel Cebu Shipyard

Team 33


Keppel O&M played hostto a delegation from theAssociation of Dutch Suppliersin the Oil and Gas Industry (IRO)on 18 June 2007.

The 11 delegates representedeight companies with businessinterests in the oil and gasindustry. The purpose of the visitwas to reinforce friendly ties andexplore opportunities forcollaboration with Keppel O&M.

The delegates were given apresentation about thebusinesses of Keppel O&M,followed by a question andanswer session and a tour ofKeppel FELS and KeppelShipyard. keppelite

Dutch delegation visits

Members of the IRO are keen to forge closer ties with Keppel O&M

Keppel O&M’s commitmentto develop its people to growbeyond their potential

Grooming leaders on Pulau Ubincontinues with the inauguralenhanced Leadersh ipDevelopment Programme

which is conducted byOutward Bound Singapore(OBS) at Pulau Ubin.

19 Keppelites from acrossthe Keppel O&M group werethe first to undergo thisprogramme held from 7 – 9June 2007 where their CanDo! attitude, integrity,innovative spirit, people skillsand teamwork were put tothe test.

The participants had toovercome physical andmental rigors of the activitiesdesigned by Keppel O&M

Group HR in collaborationwith OBS to hone theircharacter, team spirit andleadership skills.

Voted “Favourite Comrade”for the course, Deng WeiDeng, Project Engineer atKeppel Shipyard shared,“It was a very fulfill ingexperience for me. Throughthe course, I learnt thatsuccess comes fromdetermination, commitmentand teamwork. These arealso attributes of a goodleader.” keppelite

Teamwork at play – Keppelites undergoing the inaugural enhanced Leadership DevelopmentProgramme in Pulau Ubin

34 Team


This year’s Inter-SBU Games(iSBUG) opened on 29 June2007 with lots of fizz at theRaffles Country Club asMr Choo Chiau Beng, SeniorExecutive Director of KeppelCorporation and Chairman& CEO of Keppel O&M,iSBUG team managersand organisers poppedchampagne amidst cheersfrom Keppelites, all raring torise beyond.

Challenging Keppelites atthe opening of the Games,Mr Choo said, “Our themefor the games this year is“Rising Beyond” and wehope all Keppelites can usethe games to build this spiritin sports and in theirworkplace.

Ready to rise beyond“The interaction will buildcamaraderie and promotecohesiveness within theKeppel family, which iscritical in a large organisationlike ours.

“Leading by example, theorganising committee isrising beyond to bring youvarious new activities thisyear. The most significant isthe introduction of thevertical marathon which willbe held at One RafflesQuay (ORQ), one of ournewest developments in theproperty sector. Keppelitesare known for their fightingspirit and in this light they willliterally be challenged to“rise above” to reach thepeak at ORQ’s 50th storey.”

For the first time ever too,team flags were presentedby Mr Choo to the teammanagers.

Keppelite lets you catch upon the games that took placerecently, namely Golf, Dartsand Badminton.

SWINGING TO TOP FORM“I tell myself that I am onlyplaying against the golfcourse and not any othergolfer. Honestly, I was justenjoying the scenery andhappily making newfriends,” shared Adam Gohfrom Keppel FMO.

Just the day before, Adamhad had a bad round of golfwhen he was playing with

colleagues in preparation forthe tournament, but as luckfavours those prepared, hewas in top form the nextday and snared the firstchallenge trophy for histeam, Epsilon.

From the rosy and smilingfaces of the otherparticipants, it looked likeeveryone enjoyed the golfchallenge too at the RafflesCountry Club. Even after thegame, they were all abuzzabout how they had to swingan accurate drive to fairwaywhere there is water aroundhole 2 and how the ironmust be high and accuratewhen there is a small greenat hole 14.

Mr Choo Chiau Beng, Senior Executive Director of Keppel Corporation and Chairman & CEO of Keppel O&M opens the iSBUG

Team 35


“I hope that my enthusiasmand performance in the golfchallenge will spur the rest ofEpsilon’s players to win theirrespective games as well!”

DARTING GURU STRIKESAGAINThe game was scheduledto start at 9 am but around8 am, participants along withtheir families and supporterswere already at SerangoonGarden Country Clubwarming up for the KIE DartsChallenge held on 1 July2007.

For the past two years,Sukaimi bin Ramli fromKeppel FMO has been

leading team Epsilon in thedarts championship. In theirfirst leg against Gamma 3,Sukaimi’s team was notscoring well. Pressure washigh and Epsilon found itdifficult to gain momentum.

Sukaimi himself was feelingtensed but all he said to histeammates was, “Don’tworry, Sukaimi is here”. Andthat was enough to keep theteam going.

In the end, the other teamscracked under pressure andSukaimi’s team edged to awin.

Sukaimi is already settinghigher hopes for next year’stournament. He hopes to seenew ‘stars’ who will takeover from him to defend

ISBUG 2007 LEAGUE TABLE (up till Badminton)

Ranking Group SBUs Total

1 Epsilon KTT / KIE / M1 1492 Gamma KS Tuas 1173 Beta KOM & KFELS 1084 Alpha KCL / KLL / KE / SPC 505 Delta KS Benoi & Gul / KSM 39

All on the bull’s eye is Mr Benedict Ang from Team Alpha

Team Epsilon is champion in the darts competition for the 3rd consecutive year. (L-R) Ms Norazian, Mr Jackson and Mr Sukaimi

Continues on page 36...

Joining in the fun at iSBUG GolfTournament is Mr Charles Foo, MD (SpecialProjects) of Keppel O&M

36 Team


Many, if not all iSBUGteam managers face thechallenge of recruitingparticipants, especiallyfemale participants. It isreally up to the teammanagers to cajole,encourage and attract theirfellow colleagues to join inthe games. Often they haveto approach potentialparticipants on a one-to-one basis to lend personalpersuasion to the cause.

Their dedication has paidoff as this year we see anincrease in the numberof participants across allgames.

Their mission also includesorganis ing t ra in ingsessions. Having said that,the team managers are notmere coordinators, theyare the heart of the team.They walk through thepreparation, the actualcompetition, the bitter and

the sweet with their teams.

I recall vividly one incidentthat happened during thegolf tournament. It wasscorching hot that day andsome participants werespotted gulping down coldwater from the cooler. I wassurprised when a voicebellowed from behind urgingthem not to drink cold waterbefore exercise as it was notgood for health and maycause stitches. Such was theconcern and care on the partof the team manager.

There was another incidentwhere one team managerasked me to send him thepictures of his participantsalthough they did not winthe top prize. Apparently,he wanted to send outvia internal email tocongratulate them.

Kudos to these teammanagers who took on

the added responsibilitydespite their heavyworkload and even whenthey are often behind thescenes. Their efforts reflectsomething about theindividual and also thecompany that supportthem in their roles.

“The understandingand co-operation frommanagement are verymuch appreciated, andI am very fortunate to havethem behind me. I enjoy itbecause I have sports inmy blood!” exclaimedAdam Goh, the teammanager of Epsilon.

Keppel is not just a placewhere you come to workand then go home. Thereis a lot more to experienceand to relate to with thecompany, and these teammanagers are at the frontline making it happen forfellow Keppelites.

Team workIntern at Keppel Group Corporate Communications, Suan Sim, enjoyed thechance to interact with some iSBUG team managers and observed first handtheir roles and responsibilities.

Epsilon’s title in darts. “Ican see some players withpotential out there and I willhelp to train them so thatthey can shine for Epsilon.”

BETA-MINTON WINCheered on by theirvociferous supporters, Betawas striving to win theirthird consecutive title in thebadminton tournamentheld on 15 July 2007 at theChoa Chu Kang Sports Hall.

With new recruit Shawn Yeo,who joined Keppel FELS justlast August, spearheadingtheir quest, they were theodds-on favourite to outlastperennial challengers, Alphaand Epsilon.

Rising beyond the challengeagain, Beta clinched theBadminton Trophy, albeitwith greater difficulty thistime round.

“The opponents are gettingbetter each year, but ourteamwork and commitmentcarried us through once

more,” said the elated TeamCaptain of Beta, Chew MeiYong from Keppel FELS.

Eventual runners-up Epsilonwere neck-to-neck withBeta at 2 all a piece, beforethe former’s veteran doublespair retired midway into therubber set to concede the tie.

Second runners-up Alphastarted off with a bangagainst Beta, with Goh Su Yeof Keppel Land clinchingher ladies singles matchcomfortably. However, theteam could not keep up themomentum against theirstronger opponents, andeventually succumbed 1 – 4.keppelite

A smash hit from newcomer to the GroupThomson Tng Dong Sen of Keppel Shipyard

...continued from page 35.

Team 37


Keppelites Abroad

Discovering the real Shenzhen

People 37

“Someone told me before Icame to Shenzhen thateverything in China is fake,only the con-men are real,”shared Terrence Ng, AssistantHR/Admin Manager atKeppel FELS EngineeringShenzhen.

Although Shenzhen isnotorious for its imitationgoods and pickpockets,Terrence, who has spent ayear there working with thelocals, found that Shenzhenis actually populated withpolite and pleasant people.

“In fact, when my parentscame to visit, they werealways being offered seatson crowded buses andtrains,” he added.

Besides the courtesy,Terrence is equally impressedwith the locals when it comesto road traffic manners.

Despite defying traffic rules,the local motorists are veryalert and patient with oneanother and the drivers areskillful at avoiding oneanother, turning quickly intosmall lanes unscathed.

Shenzhen is one of thefastest growing cities inthe world, being a majormanufacturing centre inChina and having the busiestport in the country afterShanghai.

Terrence and his team arecurrently working on arecruitment exercise as

Keppel FELS EngineeringShenzhen plans to expandits workforce to 300.

“It has really been a greatchallenge recruiting andretaining employees as thehigh standard of living inShenzhen has resulted in thelocals leaving the city to seekhigh salaried jobs elsewhere,especially the skilledworkforce,” shared Terence.

Terence has also noted thedifferent working culture inChina and Singapore.

He shared, “Our workingculture is often regarded bythe locals as ‘strict andstressful’ compared withother companies in China, asthey are used to a slowerwork pace environment andthe reward system is usuallybased on relationships withmanagement.”

To cultivate the ‘Keppel’ spiritamong the staff, core valuecoaching and team buildingactivities are conducted. Infact, employees are proud towear their very own corevalues T-shirt.

“I felt that the team’s effortshave paid off when I sawone of our employees talkingto the doctor on our corevalues, pointing proudly tothe icons on the T-Shirt sleeve

durig his treatment for aninjury from a team buildingactivity,” said Terence.

Like many Singaporeanswho are used to converse ina mixture of English andMandarin, Terrence had toovercome the languagebarrier and get used to thelocal speaking style.

“I had a hard time speakingone full sentence inMandarin fluently when I firstarrived, especially when itcomes to technical orbusiness terms, it took me anentire day to type my firstmemo in Mandarin! Now, Ican type Mandarin as fast asI type in English,” Terencedeclared proudly.

For recreation, Terrenceworks out with a weeklyclimb to Nanshan everySunday morning, admiringthe scenery from the topand enjoying the fresh air.Otherwise, he would be onthe streets trying outdelicacies from otherprovinces and Hong Kong.

Speaking from experience,Terrence advises Keppeliteswho are thinking ofventuring into China tounderstand the local culture.

His parting words, “Live andthink the way they do.” keppelite

Terrence never has to suffer from homesickness with his wife’s frequent visits and their dailychat over the web cam

38 People


I was never a ‘sportsman’but I realise that it is nevertoo late to start being one.

On 13-17 July, in themidst of my internship atKeppel Group CorporateCommunications, I flew toHong Kong to participatein the 6th Hong KongUniversity Science andTechnology’s InternationalFencing Tournament(HKUSTIFT).

Since 1999, the Universityhas been inviting fencingteams from universitiesworldwide to compete andfor the second year, theSingapore ManagementUniversity (SMU) where Iattend school fielded a team.I was one of the privilegedfew to make the team.

M o n t h s b e f o re t h ecompetition, our trainingintens i f ied. I found i tcha l lenging to jugglebetween my internship andtrainings in the evening. Itwas not only physically tiringbut mentally draining asfencing is as much a mentalgame as a physical one.

The experience presentedmany lessons.

We may be king in ourown fencing arena, but in

Breaking through fences to winKeppel scholar, Chan Suan Sim, more fondly known as ‘Swanee’ in GroupCorporate Communications where she did her two-month internship recently,shares her experience fencing her way to international championship.

the international stage, wewill need courage andadaptability to step outof our comfort zones toface fencers from atotally different trainingbackground and work it outin a foreign environment.

The competition also servedas a platform for culturalexchange amongst thestudents. From the tall andserious fencers fromTsing Hua University to thefriendly, carefree ones fromLondon’s University College.The one thing that bondedus together was the commoninterest in fencing. For me,building ties of friendshipwith the internationalcommunity was the reward.

Bagging the women’s teamgold medal was anotherbonus. Just the day before,

I met with strong opponentsand had performed poorlyin the women’s individualevent. Embarrassing as itmay seem now, the girlshad a good cry together,disappointed.

Our male teammates wonboth the men’s individualgold and bronze and thatmade us feel the more thatwe have failed our schooland team.

But I will never forget whatmy coach told me then. Hesaid that behind everysuccessful fencer, he musthave lost and cried before. Itis only after he has learntfrom his mistakes that he willwin. The important thing isto learn from the experienceand move on.

The next day in the team

event, as if fated, I had toface the same opponent towhom I had lost previously.I pushed all fears and senseof defeat aside, focusedand scored to give my teama lead in the game. Fromthere on, I was in top formand charged my way to thegold.

It was not only a quest forglory for the school and myteam, but it was also ajourney of self discovery andchallenge. In the midst oftrying times, I was stretchedand had to rise beyond. Somy encouragement toKeppelites is to rememberthe next time you arestretched thin jugglingvarious tasks, see it as aprocess to becoming astronger and moreempowered person. keppelite

Skills and determination helped Suan Sim to clinch gold at the fencing tournament in Hong Kong

People 39


Promoting self-reliance andindependence. That is themission of the Society for thePhysically Disabled (SPD) formore than 2,000 disabledchildren and adults that thecentre manages.

To achieve its aims, the SPDorganised its first SPD CharityShow, graced by Speaker ofParliament Mr AbdullahTarmugi, on 15 July 2007.

Its goal was two-pronged –to create greater publicawareness of the SPD, andraise funds for its new centre,SPD@Tampines, which willprovide rehabilitationservices for over 600 childrenand adults when it opens inMarch 2008.

Keppel O&M supported theSPD’s cause with a cashcontribution of $50,000.

Mr Tong Chong Heong,Keppel O&M’s ManagingDirector & COO, shared,“ C o r p o r a t e s o c i a lresponsibility is core toKeppel. We believe in servingand contributing to thecommunities where weoperate.

“It is our hope that ourcontribution will help raiseawareness of the SPD andtheir services in helpingpeople with physicaldisabilities develop skillsand realise their potential.”keppelite

Community 39

Lending a helping hand

Mr Tong Chong Heong (right) receives a token of appreciation from Speaker of ParliamentMr Abdullah Tarmugi for Keppel O&M’s contribution towards the Society for the PhysicallyDisabled

Singto theWorldatKeppelO&MFamilyDay

40 Community


Colour our future greenEven as Keppel continues to grow its key businesses worldwide, the Group iscommitted to sustaining and enhancing the environment. Keppelite shares moregreen initiatives undertaken in the Group recently.

Green Initiatives

TREE FOR LIFEKeppel Batangas Shipyard(Keppel Batangas) andKeppel Cebu Shipyard(Keppel Cebu) contributed tothe Tree for Life Projectunder the Green PhilippinesProgramme initiated by theDepartment of Environmentand Natural Resources(DENR). The project aims toplant 20 million trees all overthe archipelago from July toNovember this year.

Keppel Batangas answeredthe call for support bydonating 1,400 seedlings ofvarious fruit and non-fruitbearing trees. The seedlingswere handed over by theshipyard’s HSE officers tothe DENR representativesat a seedlings nursery inFernando Air Base, Lipa City.The seedlings collected willbe used for the tree plantingproject in the province ofBatangas.

“ T h e u p k e e p a n denhancement of theenvironment is a sharedresponsibility. We supportthis worthy endeavour ofreforestation as it will benefitthe future generations ofthe Philippines. We are

committed to doing ourshare for Mother Earth,”said Mr Kok Boon Heng,P re s i d e n t o f K e p p e lBatangas.

Keppel Batangas has alwaysbeen an active partner in theenvironmental efforts ofDENR in the province. Lastyear, it provided financialsupport to DENR’s GreenPhilippines Highway Projectwhich bagged the GuinnessWorld Record for the“ M o s t Tre e s P l a n t e dSimultaneously.”

Over in Visayas, Keppel Cebualso expressed support to theTree for Life Project byplanting 100 seedlings insidethe shipyard’s compound on7 July 2007.

Mr Fok Swee Yin, Presidentof Keppel Cebu said, “Theinvolvement of theemployees of the shipyard,contractors, governmentofficers, and the localcommunity will ensure thesuccess of this green project.It also underscores ourcommitment to maintainand promote a healthyenvironment for all shipyardpersonnel.”

Seeds for life – Keppel Batangas sows the green message

Keppelites at Keppel Cebu remain rooted in caring for the environment

Community 41


SAVING GAIAGlobal warming is a realand serious threat. SPCparticipated in MediaCorp’ssix-part documentary series,Saving Gaia (“Gaia” means“Earth” in Greek) whichpremiered on ChannelNewsAsia on 23 July 2007.

Saving Gaia, narrated byinternational actress JoanChen, examined how Asiancountries like China, India,Indonesia, Japan, Malaysiaand Vietnam are addressingenvironmental issues such asglobal warming and climatechange.

Members of the public wereencouraged to take part inthis green initiative bypledging their commitmentto protect the earth. The first5,000 people to pledgereceived a biodegradablereusable shopping bagsponsored by SPC.

Said Mr Koh Ban Heng, CEOof SPC, “SPC endeavours to

National University ofSingapore, National ParksBoard and NationalEnvironment Agency toset up Singapore’s firstcorporate-sponsored marineenvironmental initiative.

Under this initiative, Keppelwill sponsor the region’s firstcoral nursery as part of anational effort to protect andrestore the current coralcover in Singapore.

Volunteers divers areneeded to help monitor thegrowth and developmentof the coral nursery fortransplanting in the future. Ifyou have a recognised divingqualification (PADI, SSI orequivalent), been divingregularly (at least once in thepast 6 months) and a passionfor the marine environment,then you are the one we arelooking for. Keppelites whoare interested may [email protected] indicate your interest andlearn more about the project.keppelite

Keppel will sponsor the region’s first coral nursery in Singapore

conserve the rich naturalenvironment and preservethe quality of the people’sliving space. As SPCcontinues to contribute to awide range of environmentprojects, it gives substanceto its corporate dictum ofCaring for Tomorrow,Today.”

LIFE IN THEUNDERGROWTHKeppel was proud to bethe exclusive sponsor of “Lifein the Undergrowth”, ahighly acclaimed five-partdocumentary produced bythe BBC and presentedby world-renowned DavidAttenborough.

The series, exploring thespectacular micro universeof invertebrates, includingbugs, beetles, and neonglow worms, took two yearsto produce and coveredthe forests across theAmazon to Costa Rica,Australia, Malaysia, Hungaryand Switzerland.

New technology poweredthe revelation of the amazinglives of these creatures andthe surreal environmentsthey inhabit. It is the first timethat many of the creatures’interactions were filmedand at such extraordinarymagnification.

Mr Tan Boon Leng, ExecutiveDirector (Development),Keppel Energy said “Thewealth of information, theengaging style of DavidAttenborough, and seeingthe lives of these smallcreatures up close make theprogramme a must-watchfor nature lovers like myself.”

NURSING THE CORALREEFCoral reefs are often referredas ‘Rainforests of the Sea’,providing shelter to entirecommunities of fishes,crustaceans, mollusks andcorals. This fragile ecosystemneeds protecting.

Keppel Group is partnering

“Life in the Undergrowth” was presented by world-celebrated David Attenborough

42 Community


Keppelites at Keppel FELSand their business partnerstraded their overalls andsafety boots for sports gearand bowling shoes for theMay Sundowners event heldat Bowling Bonanza.

Sundowner, which takesplace at the end of everymonth, provides a platformto promote closer fellowshipbetween owners and KeppelFELS project teams.

The event drew enthusiasticresponse from Transocean

Bowled over by friendshipwho fielded nine teams, aswell as from DiamondOffshore, Ensco Offshore,Jindal, Deep Drilling Invest,Maersk Contractors andKeppel FELS.

All 30 lanes at the bowlingalley were taken up. In fact,the event could almost passoff as a mini internationalbowling tournament as theparticipants were made upof different nationalitiesincluding Nigeria, France,Denmark, USA, India andNorway.

Mr S. Jayakumar, GM (Marketing) of KeppelFELS, starts the ball rolling at Sundowners

“By taking the Sundownerto the bowling alley,we enjoyed a change ofenvironment from the usualvenue of the office cafeteria.The bowling tournamentnot only encouragedowners and Keppelites toknow each other better ona personal note, it alsogave rise to some friendlycompetition amongstthem,” shared Mr S.Jayakumar, General Manager(Marketing) of Keppel FELS.keppelite

Keppel O&M set the stageand our interns ran the show.

Two NTU students, BryanWong and Jeffrey Lim, whowere interning at KeppelShipyard and Keppel FELSrespectively, were featured

More than a showin one of the episodes ofChannel U’s InternshipChallenge which was airedduring prime time on 3 July.

Internship Challenge is aninfo-tainment programmewhich showcases how

youths are trained byexperienced mentors inprofessions they areinterested in.

The programme depictedthe challenges faced by anengineer in the yards, theworking environment andprospects of the offshore andmarine industry. Viewerscan appreciate Bryan’s senseof achievement when hecompleted the building of asponson, especially afterseeing the difficulties heencountered, the numerousparties he had to liaise with,and the details he had todelve into.

Viewers’ pulse also increasedwhen Jeffrey was tasked to

complete an electrical systemin fifteen minutes. From theinitial failure to the eventualaccomplishment afterguidance from his mentor, itis evident that one’s learningin this industry is acceleratedthrough effective mentorship.

“To be able to followthrough each process fromcutting each piece of metalto welding them togetherinto a bigger structure isreally fulfilling. There is somuch to learn. Even if it istough, I would stilljoin this industry after Igraduate because there’schallenge and fulfillmenthere,” Bryan shared at theend of the show. keppeliteJeffrey Lim (left) learning the ropes from his mentor Lee Wey Lii, Assistant Section Manager as

they tour the yard

Community 43


volunteers


A trail for others to follow

Keppel

Great opportunities toimpact lives seldom comeour way, but small onessurround us every day.

Too often we under-estimatethe power of a touch, asmile, a kind word, a listeningear, an honest compliment,or the smallest act of care,all of these can make adifference, especially to theless fortunate.

Keppel Volunteers onceagain created theseopportunities by combininghealth, adventure andvolunteerism into a bikingand picnic excursion at PasirRis beach for 25 teenagestudents from the TanglinSchool.

Despite the drizzle, spiritswere high as all were eagerfor a ride of their life.

The one-hour journey tookthe cyclists past wideexpanse of vegetation,views of sailboats out at seaand sea birds along theboardwalks.

There were parts of the ride

where it was peacefulwhile others were filledwith bustling laughter andactivities amongst the youthsand picnicking families.

More than the activity andfood, it was the companythat made the difference.What Keppel Volunteersadded to brighten the daywas the human touch. Smallgestures as they were, theinteraction helped to developthe students’ social skills andenrich their life experiences.

“It was a relaxing andmeaningful event thatd e m o n s t r a t e d m u c hteamwork and rapport. Thestudents needed our attentionand encouragement and wewere happy to show them thatthere are people like us whocare,” said Andrew Tan,Keppel Volunteer from KeppelShipyard.

Their bicycle tracks may notbe marked in the sands oftime but deep are thegrooves etched in the heartsof the students by our KeppelVolunteers with their careand friendship. keppelite

On a friendship track were Keppel Volunteers and Tanglin School students

Learning together through fun and laughter

BackPage44


Keppel Singmarine hassecured four contracts wortha total of S$350 million tobuild six offshore supportvessels (OSV) and a derrickpipelay vessel.

Delivery dates for thesevessels are expected betweenthe second half of 2009 andthe first half of 2010.

This is the first time thatKeppel Singmarine isbuilding a derrick pipelayvessel, and for a newcustomer, Global OffshoreInternational Ltd (GlobalOffshore).

Mr Hoe Eng Hock,Executive Director of Keppel

Keppel Singmarine clinchesS$350 million contracts

Singmarine, said, “Derrickpipelay vessels are highlyspecialised ships that have tobe tailor-made to owners’requirements.

“We are glad that GlobalOffshore recognises KeppelSingmarine’s versatility andexpertise in building all typesof vessels in accordance withowners’ specifications.”

The 163-metre derrickpipelay vessel is a multi-purpose construction vesselto be equipped with twounits of 4500 KW electricpropulsion thrusters, six unitsof positioning thrusters, a1200-tonne crane andpipelay equipment capable

Hadi H. Al-HammanEstablishment (Hadi), to buildtwo 60-tonne bollard-pullAnchor Handling Tug/Supply(AHTS) vessels with dynamicpositioning system (DP-2) forthe Middle East. Hadi hasplaced a total of 16 vesselswith Keppel Singmarinesince 2001.

The fourth contract is foranother repeat customer,LUKOIL-Kaliningradmorneft(LUKOIL), which hascommissioned KeppelSingmarine with the buildingof two Ice-Class multi-purpose standby and rescuevessels for the Caspian Sea.These are the sixth andseventh vessels to be built forLUKOIL.

Mr Hoe added, “Thesecontracts reflect thesuccess of our strategy offocusing on offering ourexperience and expertise inthe design and constructionof sophisticated andcustomised vessels for theoffshore logistic industry,an area where we can addthe most value to ourcustomers.”

Keppel Singmarine hassecured contracts for over 50OSVs since targeting itsbusiness on designing andbuilding specialised vessels in2002. keppelite

of operating in water depthsof 3,000m and handlingpipes of 60 inches indiameter. These equipmentwill be supplied by theowner.

The second contract securedis for another first timecustomer, Greatship GlobalOffshore Services Pte Ltd(Greatship), for theconstruction of two 94-metre, 4,600 dwt, platformsupply vessels (PSVs). ThePSVs will be equipped withdiesel electric propulsion anddynamic positioning systems(DP-2).

The third contract was signedwith repeat customer,

Keppel Singmarine’s strong track record in specialised shipbuilding, such as the Ice-Class M.V. VZMORYE (above) for LUKOIL, has wonthe confidence of our customers

Documents

The Keppel spirit at iSBUG The Keppel spirit at iSBUG