December 2011 - Keppel Corporation

eppel 

December 2011 

www.kepcorp.com/ekeppelite 

Keppel Group Newsletter 

Keppelite 

Setting clear 

examples 6 

Strong growth track 

in 2011 22 

Touching lives 44 

Excellent execution 

MICA (P) 072/01/2011

7 

30 

34 

Contents 

SUSTAINING GROWTH 

Seizing market opportunities 4 

Six in a row for Ensco 5 

Setting clear examples 6 

Restored to mint condition 7 

First anchor tenant at 8 Chifley Square 10 

Strategic moves 11 

Winning developments 

Jewel of the East 12 

Clean energy project on track 

Foreign exchange 13 

Showcasing exemplary practices 14 

Mentoring leaders 15 

Sharing on project risk management 

Securing our business 16 

Sterling partnerships 17 

Inspiring every moment 

Vietnamese vitality 18 

Garden of life 19 

A toast to friends 20 

New feather in cap 21 

Special Focus 

Continuing strong growth track in 2011 22 

EMPOWERING LIVES 

Appreciation all around 30 

At home in Singapore 33 

Clash of the titans 34 

Rewarding outreach 36 

Working out for better well-being 

Keppelites Abroad 

Shanghai school of hard knocks 37 

Bridge over troubled waters 38 

Homeward bound 39 

Team Keppel 40 

Doing our share 41 

Walking our talk 

NURTURING COMMUNITIES 

Keys to a better life 42 

Window to the world 43 

Touching lives 44 

Keppel Volunteers 

Season of giving 45 

Hello to a greener 2012 46 

BACK PAGE 

Keppel secures US$809 million 

contract for new DSS 38E rig 48 

eppel 

Cover image: Celebrating the success of ENSCO 8505 onboard the rig’s drilling control room are (left to right) 

Mr Tong Chong Heong, CEO of Keppel Offshore & Marine; Mr Choo Chiau Beng, CEO of Keppel Corporation 

and Chairman of Keppel Offshore & Marine; Guest-of-Honour, Mrs Josephine Teo, Minister of State for 

Transport and Finance; and Dr Lee Boon Yang, Chairman of Keppel Corporation 

Published for people in the Keppel Group by the Group Corporate Communications Division, Keppel Corporation Limited, 1 HarbourFront Ave, #18-01 Keppel Bay Tower, 

Singapore 098632. Printed by Image Printers Pte Ltd, Blk 1002, Redhill Industrial Estate, Jalan Bukit Merah, #03-12, Singapore 159456. 

Editorial Advisor 

Wang Look Fung 

Editor 

Lee Wan Jun 

Editorial Committee 

Ang Lai Lee, Casiopia Low, Chan Suan Sim, Christie Lai, Doreen Lim, Chua Ying Ying, Diana Chan, Donald Sng, Eileen Tan, Elena Ong, Elizabeth Widjaja, Eva Ho, Frances Teh, 

Grace Chia, Hoo Yao Lin, Joycelyn Tay, Lim Kah Ai, Maria Magdalena, Mohamed Yusof Mohamed, Ong Tze Haung, Roy Tan, Serena Toh, Sue Ann Huang, Teri Liew, 

Wong Chai Yueh, Woon Pek Yong, Vett Ramos, Yeo Wan Xin, Yolanda Guo 

Keppelite I December 2011 

CO REG NO: 196800351N

Editorial 

Leading through learning 

We can all take an important lesson from 

some of the world’s greatest leaders. They lead 

by learning. 

management enable Keppelites to tap on 

the expertise and experience of leaders in the 

organisation. 

Wal-Mart founder Sam Walton, a good role model, 

is well-known for his passion for fresh ideas and 

insatiable appetite for learning. 

In his relentless pursuit for knowledge, the 

entrepreneur read voraciously, spent time in 

competitors’ stores, constantly asked questions of 

his peers, listened to his employees and invented 

creative ways to foster an ideas-driven culture. 

The crux is that even at the peak of his success, 

Walton saw himself not as a definitive expert in 

the retail business but as a lifelong student of his 

craft. 

Like Walton, Keppel CEO Choo Chiau Beng 

too is an avid learner, ravenous for insights 

and the expansion of an awareness of the 

environment. Learning, a transformational and 

developmental process by nature, shapes and 

sharpens perspectives. 

In a highly competitive global marketplace ridden 

by complex geopolitical, environmental and 

economic challenges, the crucial link between 

lifelong learning and the development of strong 

leadership has become critical to organisations. 

The sharing by our leaders also lends inspiration, 

helps unleash potential in the talent pool and 

encourages the development of a learning 

organisation. 

To further foster this culture, the Leadership Series, 

a monthly knowledge-sharing programme, was 

spearheaded by the Keppel Young Leaders. The 

Series provides Keppelites with the platform to 

engage in frank and insightful discussions with 

seniors who share rich and diverse experiences 

from across the Group. 

For Keppel to remain a dynamic and robust 

organisation, Keppelites must learn multidimensionally 

and with an open mind, seize every 

opportunity to absorb lessons not only from our 

leaders but also from our peers, customers and 

even our competitors. By learning quickly and 

constantly, we are better able to adapt, reflect and 

lead others on diverse fronts onto new phases of 

growth. 

Though engaging our talents optimally within and 

across our businesses, Keppel will groom leaders to 

drive sustainable growth into the future. 

At Keppel, learning starts from within. Learning 

from our leaders is a part of succession planning. 

Avenues for open dialogues with senior 

Keppelite I December 2011

4 Sustaining Growth Growth 

Seizing market opportunities 

Securus Data Property Fund 

(Securus Fund) has formed 

a joint venture company 

( J V C o ) w i t h K e p p e l 

Telecommunications & 

Transportation’s (Keppel T&T) 

wholly-owned subsidiary to 

own, manage and operate 

a data centre in Gore Hill, 

Sydney, Australia. 

The JV Co, Securus 

Guernsey 2, will be 70% 

held by Securus Fund 

and 30% indirectly held 

by Keppel T&T through its 

wholly-owned subsidiary. 

The JV Co has entered into 

a conditional agreement to 

purchase the data centre 

for a consideration of 

AUD60 million. 

Located in the Gore Hill 

technology precinct in 

Sydney, the new purposebuilt 

Tier III data centre is 

a freehold A-Grade asset 

that has recently achieved 

practical completion. 

A portion of the data centre 

has already been fitted out to 

serve a long-term lease with 

a blue chip anchor tenant. 

The remaining data centre 

space will be fitted out in 

stages to Tier III standards 

so as to offer premium 

co-location services to other 

blue chip clients. 

Mr Jonathan King, 

Co-Fund Manager of Securus 

Fund, said, “This is Securus 

Fund’s second acquisition 

The new purpose-built Tier III data centre at Gore Hill is a freehold A-Grade asset 

in Australia this year, after 

the acquisition of the iseek 

Data Centre in Brisbane 

Export Park in July, and is 

in line with our strategy 

of acquiring high quality 

data centre assets across 

our target markets. 

“The Gore Hill asset has all 

the physical attributes of a 

first-class data centre, by 

virtue of its strategic location 

and power availability. This 

opportunity will further 

enhance our market position 

and allow us to capitalise 

on the growth opportunities 

in the fast growing data 

centre sector.” 

Mr Pang Hee Hon, CEO of 

Keppel T&T, said, “Australia 

is one of the leading data 

centre hubs in the Asia Pacific 

region, and the market is 

experiencing strong demand 

for data centres. Therefore, 

acquiring the Gore Hill 

data centre will allow us 

to quickly meet the fast 

growing demand of the 

market in Australia, and 

build up Keppel’s capability 

and track record in the Asia 

Pacific region.” 

The data centre is strategically 

located about six kilometres 

from Sydney’s central business 

district. As it is located along 

one of Sydney’s main power 

and data arteries, the data 

centre is supported by a 

large and secure electrical 

supply allowing it to service 

customers with high energy 

requirements. Furthermore, 

the data centre has access 

to multiple carrier networks 

and has high fibre optic 

connectivity, making it ideal 

for offering prime data 

co-location services. 

Earlier in July 2011, Securus 

Fund also acquired 70% 

of iseek Data Centre, 

located at Brisbane Export 

Park, Australia, from iseek 

Communications. 

Securus Fund is the world’s 

first Shariah compliant 

data centre fund and is 

jointly managed by Keppel 

Data Centre Investment 

Management, a whollyowned 

subsidiary of Keppel 

T&T, and AEP Investment 

Management. Securus 

Fund is also 30% owned 

by Keppel T&T’s whollyowned 

subsidiary, Keppel 

Data Centres. keppelite 


Sustaining Growth 5 

Six in a row for Ensco 

Keppel FELS is on course 

to deliver ENSCO 8505, its 

sixth of seven ENSCO 8500 

Series ® ultra-deepwater 

semisubmersible drilling rigs 

for Ensco, safely, on time and 

within budget. 

The project is expected to 

be completed in the first 

quarter of 2012, and has a 

strong safety record of zero 

lost-time incidents in over 

five million man-hours. Upon 

completion, ENSCO 8505 

will be deployed by Anadarko, 

Apache and Noble Energy 

for operations in the 

Gulf of Mexico. 

Singapore’s Minister of 

State for Transport and 

Finance, Mrs Josephine Teo 

was the guest-of-honour 

at the naming ceremony 

of ENSCO 8505. The rig 

was named by Lady 

Sponsor, Mrs Roxanne 

Rabun, at Keppel FELS on 

10 December 2011. 

Minister Teo said, “In 

addition to the ability to 

offer customised solutions, 

our shipyards have long 

e s t a b l i s h e d a s t r o n g 

reputation for quality and 

timeliness. Keppel FELS’ 

achievement today has 

done Singapore proud and 

bears testament to their 

capabilities and reputation as 

a leader in their field.” 

Designed to address some 

of the most demanding 

offshore drilling requirements 

at water depths up to 8,500 

feet, ENSCO 8505 features 

a two million pound quad 

derrick, offline pipe handling 

capability, 35,000 feet drilling 

capacity and 8,000 tonnes of 

variable deck load. 

Ensco currently has four 

additional rigs under 

construction at Keppel FELS. 

They are ENSCO 8506, the 

final and seventh ENSCO 8500 

Series ® semisubmersible rig 

Keppel FELS is constructing 

for Ensco, and three KFELS 

Super A Class jackup rigs 

with deliveries scheduled in 

2013 and 2014. 

Mr Tong Chong Heong, 

CEO of Keppel Offshore & 

Marine, shared, “Ensco has 

been a long-term customer 

and we are proud that they 

have entrusted Keppel with 

19 major newbuild projects 

worth nearly US$4.8 billion 

in total over the years. 

ENSCO 8505 is the 15th rig 

that we will be delivering 

with our hallmark of quality 

and timeliness. Being able 

to deliver six ENSCO 8500 

Series ® rigs within 42 months 

and with the seventh due 

next year is testament to 

the excellent execution 

capabilities and productivity 

gains we have developed 

with Ensco. 

“Our close collaboration 

i n c l u d e s c u s t o m i s i n g 

products to fit the market and 

we are glad that the ultrapremium 

harsh environment 

KFELS Super A Class rigs we 

are building for Ensco have 

received market acceptance 

with the recent contracting 

of ENSCO 120. We are 

committed to delivering 

these high-specification rigs 

to the highest satisfaction of 

Ensco.” keppelite 

ENSCO 8505 is the 15th rig Keppel FELS will be delivering to Ensco with trademark quality 

and timeliness 

Keppel and Ensco donate $20,000 to the Institute of Technical Education for an endowment 

fund that will provide financial assistance to needy and underprivileged students 


6 Sustaining Growth 

Setting clear examples 

With a high level of 

corporate transparency and 

responsiveness, Keppel has 

been successfully engaging 

the investing public. 

For the first time ever, Keppel 

Corporation and Keppel 

Land have clinched the Best 

Investor Relations Award by 

Sector (Industrials) and the 

Grand Prix for Best Overall 

Investor Relations Award 

for a small or mid-capital 

company respectively at 

the IR Magazine Southeast 

Proactive, transparent and engaging 

are the three words that best describe 

our investor relations efforts. With the 

support of senior management who 

play an integral role, we constantly 

seek to understand the issues that 

matter most to the investors and 

the public so that we are able to 

effectively address them. 

Ms Wang Look Fung 

Director, 

Group Corporate Affairs 

Asia Conference and Awards 

2011 held at the Singapore 

Exchange on 6 December 

2011. 

This annual event honours 

companies and individuals 

from across the region for 

excellence in communicating 

with investors and analysts, 

and the results are based 

on a survey of investors and 

analysts. 

E x p l a i n i n g K e p p e l 

Corporation’s investor 

relations philosophy, Ms 

Wang Look Fung, Director 

of Group Corporate Affairs 

said, “Proactive, transparent 

and engaging are the three 

words that best describe our 

investor relations efforts. 

With the support of senior 

management who play an 

integral role, we constantly 

seek to understand the issues 

that matter most to the 

investors and the public so 

that we are able to effectively 

address them. 

“Investors appreciate the 

access to management’s 

insights and views through 

the quarterly results webcasts, 

non-deal roadshows and 

meetings facilitated. Senior 

management sometimes take 

time during our business trips 

overseas to meet investors, 

building understanding and 

relationship.” 

For Keppel Land, persistence 

at communicating key 

messages to analysts, in 

reaching out to investors 

and in getting business units 

to share more pertinent 

information have reaped 

rewards for the Investor 

Relations and Research team 

of Keppel Land. 

Keppel Corporation and Keppel Land were honoured at the IR Magazine Southeast Asia Conference and Awards 2011 

This past year, numerous 

analysts’ trips to Keppel 

Land’s project sites, both 

local and overseas such as 

in Tianjin and Chengdu, 

enabled them to see for 

themselves the locations 

and features of the different 

developments. Similarly, 

senior management’s 

involvement in non-deal 

roadshows and conferences 

were key factors in clinching 

their win. keppelite 



Restored to mint condition 

Reflecting the strong teamwork between Keppel’s global network of yards, work on Noble Roger Eason is carried out across Keppel FELS in Singapore and BrasFELS in Brazil 

Be it in Singapore, Brazil, the 

Netherlands or in the middle 

of the ocean, Keppel Offshore 

& Marine is committed to 

deliver timely and quality 

repair and upgrade services 

to the satisfaction of its 

customers. 

Rigged up at 

Keppel FELS 

Amidst a record number of 

newbuildings on its plate, 

Keppel FELS continues to 

make good progress on its 

repair projects. Its repair, 

refurbishment and upgrade 

projects in the year include 

work on the drillship Noble 

R o g e r E a s o n a n d t h e 

semisubmersibles Jack Bates, 

Nanhai 6 and Kan Tan IV. 

Work on Noble Roger Eason 

has been carried out across 

Keppel FELS in Singapore 

and BrasFELS in Brazil. The 

vessel is being lengthened 

by cutting the ship in half 

and inserting a stern block 

at the aft of the cut vessel. 

Fabrication of the new stern 

block was recently completed 

in Singapore with a record of 

more than 1.5 million safe 

man-hours. 

Johnny Ng, Project Manager 

at Keppel FELS said, 

“Leveraging the synergy 

of our global yards, we are 

able to undertake the fast 

track completion of this 

drillship. By constructing 

and commissioning the new 

stern block prior to the 

arrival of the drillship, we 

significantly reduced the 

overall repair and upgrading 

schedule.” 

Noble Roger Eason is the 

second Noble Corporation 

drillship to undergo this 

process at Keppel yards. 

Work on the first, Noble 

The Keppel team has again 

delivered high quality 

construction, outfitting, painting 

and commissioning. The decision 

to build the stern modules for 

the Noble Leo Segerius and the 

Noble Roger Eason in Singapore 

has worked well with the overall 

project schedule. I am confident 

the future between Keppel and 

Noble is bright. 

Mr David Williams 

Chairman 

CEO & President of Noble Corporation 

Continues on page 8... 



...continued from page 7. 

Repair on Jack Bates was completed safely and on time 

Recently, a squad of some 

33 offshore repair specialists 

responded to a call from 

Keppel’s repeat customer, 

SeaWolf Oil Services Limited, 

to conduct repairs on the 

legs of a jackup rig operating 

in Nigeria. 

The Friede & Goldman Super 

M2 jackup rig, ONOME, had 

two of its legs stuck in the 

seabed. The legs had to be 

extricated before the rig could 

be towed to Nigeria’s port 

Calabar for inspection and 

repairs by the Flying Squad. 

All three rig legs had been 

bent out of shape and more 

than 100 feet of bracings 

had to be repaired and 

replaced. 

Leading the squad was 

Shao Hai Zhou, Senior Hull 

Superintendent at Keppel 

FELS. He said, “We were 

glad to be able to support 

Seawolf by completing the 

repairs safely and ahead of 

schedule. Our line of work 

sometimes requires us to 

travel to unfamiliar places, 

where we can only assess 

Leo Segerius, was recently 

completed in Brazil. 

Jack Bates, a 25 yearold 

semisubmersible rig, 

completed a five-year 

special periodic survey at 

Keppel FELS from June to 

November 2011. The yard 

carried out hull and tank 

painting, accommodation 

refurbishment as well as 

anchor winch and fairlead 

overhauls. Various electrical 

systems were upgraded and 

both lifeboat platforms were 

replaced. 

Returned to Transocean 

on 14 November 201, the 

project had a safety record 

of zero lost-time incidents in 

some 840,000 man-hours 

worked. 

Keppel FELS further 

strengthened its partnership 

with Chinese rig owners with 

the successful repair of two 

of their semisubmersible rigs. 

Nanhai 6, which is operated 

by Maersk Drilling for China 

Oilfield Services Limited 

was in the yard for periodic 

repairs and delivered on 

time and without incidents. 

The other semisubmersible 

rig, Kan Tan IV, was first 

built by Keppel FELS in 

1983 and has returned for 

maintenance and a special 

periodic survey. Belonging 

to Sinopec Star Petroleum 

and currently operated by 

Frigstad Offshore, the rig is 

undergoing painting works 

on the columns, bracings, 

main deck, superstructure 

and derrick mast. The 

other major works include 

the steel renewal, hull 

ventilation, overhauling of 

anchor winches and piping 

works. The rig is expected to 

depart the yard in March 

2012. 

Quality fix with the 

Flying Squad 

Keppel FELS’ Flying Squad 

takes Keppel’s renowned 

rig repair services beyond 

its yards. 

Keppel Verolme renewed 44 tonnes of steel on the container vessel, CMA CGM Alaska 



the work scope on arrival. 

Our experience and expertise 

as well as good teamwork 

with our customers are thus 

essential to us getting the job 

done successfully.” 

Work on ONOME was 

completed in 66 days, 

18 days ahead of schedule. 

In a letter to the Keppel 

team, Mr Vincent Okhomina, 

S e a w o l f ’s O f f s h o r e 

Installation Manager on 

ONOME commended them 

on a job well done and 

without incident. 

Barging ahead with new capabilities 

Converted from a mating 

barge into a floating 

dock, FS-1 has proven 

its worth with several 

key projects already 

completed on it. It is an 

important asset which has 

significantly extended the 

capabilities of BrasFELS, 

Keppel’s Shipyard in 

Brazil, beyond its existing 

drydock facility. 

FS-1’s maiden project was the 

docking of the drillship Noble 

Leo Segerius which had its 

stern section jumboised or 

extended in an upgrading 

programme. Following 

that, FS-1 was again put to 

good use for the docking 

of its first semisubmersible 

drilling rig, ENSCO 6000, 

which was carried out on 

26 October 2011. 

T h e 2 2 , 0 0 0 - t o n n e 

docking capacity of the 

FS-1 easily accommodated 

ENSCO 6000 which had 

a total displacement of 

11,114 tonnes during 

the docking operation, 

as well as a pontoon 

measuring 75 metres by 

50.4 metres. 

The Flying Squad is presently 

on standby for the repair 

of SeaWolf’s Delta Queen, 

a Friede & Goldman L-780 

jackup rig. 

Emergency response 

from Keppel Verolme 

The 366-metre long container 

vessel CMA CGM Alaska, 

owned by ship operator 

Claus-Peter Offen, turned to 

Keppel Verolme for urgent 

repairs after a collision. The 

collision had left CMA CGM 

Alaska with an indentation 

and a large hole on her 

starboard side. As a result, 

water flooded into the 

ballast tank. 

Keppel Verolme, in the 

Netherlands, quickly set to 

work on fixing the vessel. 

It renewed 44 tonnes of 

steel and applied a complete 

paint job, all within 16 days. 

The project was completed 

on 2 November 2011. keppelite 

BrasFELS floating dock FS-1 takes on its first semisubmersible drilling rig, ENSCO 6000, on 26 October 2011 



First anchor tenant at 8 Chifley Square 

Leading Australian law firm, Corrs Chambers Westgarth, to set up head office at 

K-REIT Asia’s 8 Chifley Square. 

K-REIT Asia has signed on 

the first anchor tenant for its 

8 Chifley Square in Sydney. 

Corrs Chambers Westgarth 

(Corrs) has pre-committed 

to about 87,000 square feet 

(sf) of premium office space 

for a 12-year term, which is 

about 40% of the total net 

lettable area (NLA) of the 

building. 

This first lease comes ahead 

of the development’s 

completion, which is targeted 

to be in the third quarter of 

2013. Corrs will occupy 

levels nine to 18 of the 

30-storey building. The law 

firm currently has offices in 

Sydney, Melbourne, Brisbane 

and Perth. 

Ms Ng Hsueh Ling, CEO of 

K-REIT Asia Management, 

s a i d , “ T h e s t r o n g 

pre-commitment level affirms 

our positive sentiments for 

the Australian office market. 

We anticipate healthy 

demand for the remaining 

space as 8 Chifley Square 

a p p e a l s t o l e a d i n g 

corporations which value 

the building’s prime location 

and premium quality.” 

Located in the heart of 

S y d n e y ’s C B D , a t t h e 

junction of Hunter Street and 

Elizabeth Street, 8 Chifley 

Square has an estimated 

205,700 sf of NLA. 

Corrs’ partner and CEO John 

W.H. Denton said, “We are 

proud and excited at the 

prospect of moving into 

this exceptional building, 

which is the first of its kind 

in Australia. The building’s 

architecture and design is 

forward thinking and we feel 

it matches the kind of firm 

we choose to be.” 

8 Chifley Square is designed 

to achieve premium grade 

classification by the Property 

Council of Australia. It is 

looking to achieve a 6-Star 

Green Star rating by the 

Green Building Council 

Australia and a 5-Star 

National Australian Built 

Environment Rating System 

(NABERS) energy rating, 

both the highest in their 

respective categories. 

K-REIT Asia and Mirvac 

Property Trust, a member 

of the Mirvac Group, each 

own a 50% interest in the 

premium office tower. 

As at 15 December 2011, 

K-REIT Asia has an asset size 

of approximately $6 billion, 

comprising eight quality 

commercial properties in 

Singapore and Australia. 

keppelite 

K-REIT Asia’s 8 Chifley Square signs on its first anchor tenant, ahead of its completion in the 

third quarter of 2013 



Strategic moves 

Keppel Land has announced 

two new strategic 

appointments for its operations 

in Myanmar and Thailand. 

Mr Saman Sarathchandra, 

formerly GM of Sedona Hotel 

Yangon, has been appointed 

as President (Myanmar) of 

Keppel Land and will be 

responsible for developing 

the company’s business in 

Myanmar, leveraging his 

many years of experience in 

the country. 

Mr Saman, who has been 

with Keppel Land for more 

than 10 years, will also be 

appointed as Head of Sedona 

operations in Myanmar to 

enable him to maximise the 

synergies of Keppel Land’s 

hospitality assets in Yangon 

and Mandalay. 

Meanwhile, Mr Oh Lock Soon 

who has more than 26 years 

o f e x p e r i e n c e i n t h e 

construction and real estate 

industry, has been appointed 

as President (Thailand) of 

Keppel Land and will be 

based in Thailand. 

In related moves, Mr Sam 

Mr Saman Sarathchandra 

Moon Thong will relinquish 

his Myanmar portfolio and 

be re-designated as President 

(Indonesia and Malaysia) 

while Mr Linson Lim will 

Mr Oh Lock Soon 

relinquish his Thailand 

portfolio and be re-designated 

as President (Vietnam and 

The Philippines). keppelite 

Winning developments 

Keppel Land received double 

accolades at the inaugural 

South East Asia Property 

Awards held on 30 November 

2011. Its developments 

Ocean Financial Centre (OFC) 

won the Green Development 

Award (Southeast Asia) while 

The Estella clinched the Best 

Condo Development Award 

(Vietnam). 

The Property Awards was 

launched by Ensign Media 

Celebrating Keppel Land’s win at the South East Asia Property Awards ceremony are (from 

left) Annie Tan, Manager, Marketing, Paul Lau, Deputy GM, Projects, Sofie Lisby, Deputy 

Editor, Property Report magazine, Albert Foo, GM, Marketing, James Lim, Manager, Projects, 

and Steve Ang, Executive, Projects 

to recognise the quality 

of the region’s real estate, 

construction, architecture, 

Platinum deal 

Keppel Land has sold its 

approximately 87.5% 

shareholding in Ocean 

Properties, the owner of 

OFC, to K-REIT Asia for 

a period of 99 years. The 

transaction was completed 

on 14 December 2011. 

Keppel Land will realise a 

net gain of about $492.7 

million through the sale. 

For K-REIT Asia, the 

acquisition is Distribution 

Per Unit-accretive. 

interior design and industry 

professional services. keppelite 

One of the largest and 

newest premium office 

buildings in the Raffles 

Place and Marina Bay 

p re c i n c t s , O F C i s a 

43-storey premium Grade 

A office tower. Comprising 

884,957 square feet of 

net lettable area, the 

development is already 

about 80% leased to 

established corporate 

tenants. 



Jewel of the East 

Peranakan-themed upmarket 

mall, 112 Katong has 

ushered downtown luxury 

A new premier lifestyle destination in Singapore’s East 

and lifestyle to the East of 

Singapore when it opened 


Alpha Investment Partners 

i s a n i n v e s t o r o f t h e 

Perennial Katong Retail Trust, 

a private trust which owns 

112 Katong. 

Set in the junction of East 

Coast Road and Joo Chiat 

Road, the revamped building 

is designed to harmonise with 

the rich Peranakan heritage 

of the Katong area. 

Peranakan-inspired motifs 

spanning the glass facade of 

112 Katong are illuminated 

by LED lights, presenting a 

modern interpretation to 

Peranakan architecture and 

design. 

The mall, with a total net 

lettable area of 207,000 

sf, has achieved close to 

100% occupancy. Anchor 

tenants include Market Place 

Gourmet Supermarket and 

Golden Village, which will 

have a Peranakan-themed 

multiplex. 

With its variety of shopping, 

dining and entertainment 

options, 112 Katong will 

be treasured by the large 

residential population in 

Marine Parade, Katong and 

Joo Chiat. keppelite 

Clean energy project on track 

Keppel Prince Engineering’s 

work on the Macarthur wind 

farm in Victoria, Australia, 

is progressing on schedule. 

The company, an Australian 

s u b s i d i a r y o f K e p p e l 

Integrated Engineering, won 

an A$27 million contract 

from Vestas Towers A/S in 

2010 to build 80 of the 

140 towers and construct 

140 foundation rings for the 

wind farm. 

Massive 55-metre turbine 

blades were delivered to 

the wind farm in November 

2011. When completed 

b y e a r l y 2 0 1 3 , t h e 

420-megawatt wind farm 

is set to be the largest 

wind farm in the southern 

hemisphere, with each 

turbine having a generation 

capacity of three megawatts 

when assembled. 

Keppel Prince Engineering is 

one of the largest employers 

in Portland, and has over 

150 employees working on 

the Macarthur wind farm 

project. keppelite 

Massive wind turbine blades arrive at the Macarthur wind farm in Victoria, Australia 



Foreign exchange 

Committed to sharing ideas 

and building its network, 

Keppel actively engages 

in national, industry and 

business conferences and 

forums. 

Cross-border 

cooperation 

Keppel Land participated 

in the Vietnam-Singapore 

Business Forum held from 

30 November to 2 December 

2011 in Hanoi. 

Hosted by the Vietnam 

Chamber of Commerce and 

Industry and attended by some 

300 government leaders, 

businesses, entrepreneurs 

and economists, the annual 

event aims to enhance crossborder 

business cooperation 

b e t w e e n S i n g a p o r e 

and Vietnam, facilitate 

the exchange of ideas, 

knowledge and experiences, 

as well as further cement 

business ties between the 

two countries. 

Speaking at the forum on 

the topic of real estate and 

property management, 

Mr Doan Anh Hung, 

D G M o f K e p p e l L a n d 

V i e t n a m , s h a r e d t h e 

company’s strategy amidst 

the current economic 

outlook. 

He said, “We take a longterm 

view on our investments 

and remain confident in the 

growth potential of Vietnam’s 

property market, supported 

Keppel Seghers’ MEMSTILL ® membrane distillation technology aroused industry interest at top European water conferences in November 2011 

by its growing middle-class 

and rapid urbanisation.” 

Keppel Land has been a 

partner for growth and 

development in Vietnam 

since early 1990s. To-date, 

Keppel Land has 17 projects 

in Vietnam with a pipeline of 

about 22,000 homes. 

Blue agenda 

Earth is blue when viewed 

from space, as it is covered 

mostly in water. And yet, 

fresh and clean water to 

support human life is waning 

due to a warming world. 

The issue of sustainable 

water management thus 

took centre stage at water 

conferences held across 

Europe in November this 

year. 

At Aquatech held from 1 to 

4 November in Amsterdam, 

a n d A q u a r a m a o n 

16 November in Belgium, 

Keppel Seghers showcased 

its advanced water solutions 

that are capable of 

mitigating water scarcity and 

managing water resources 

for governments around the 

world. 

Keppel Seghers’ water 

solutions cover the full water 

cycle, including wastewater 

treatment, process and 

drinking water, desalination 

and water reuse. Industry 

m e m b e r s t o o k k e e n 

interest in Keppel Seghers’ 

MEMSTILL ® membrane 

distillation technology, which 

was showcased at the events. 

keppelite 



Showcasing exemplary practices 

The Keppel Group warmly 

welcomes visitors from far 

and wide to learn about its 

operations and practices, 

showcasing Singapore 

and the Group’s strengths 

and capabilities across 

diverse sectors. 

Saudi stopover 

President of the Saudi 

Ports Authority (SEAPA), 

His Excellency Abdulaziz 

Bin Mohammed Bin Nasser 

Al-Tuwaijri, led a delegation 

on a visit to Keppel Shipyard 

on 30 November 2011. 

SEAPA is the government 

agency that supervises the 

ports of Saudi Arabia. 

K e p p e l S h i p y a rd ’s E D 

Mr Chor How Jat and Senior 

GM Mr Louis Chow hosted 

Mr Nelson Yeo (foreground, extreme right), MD of Keppel Shipyard, hosted delegates from 

the Science & Technology Society of Shipbuilders of the Russian Federation 

the delegation, sharing on 

the Group’s offshore and 

marine capabilities as well 

as past and present projects 

for the Middle East. This 

includes a customised KFELS 

Super B Class jackup rig 

for Saudi Aramco to be 

delivered in the second half 

of 2012. 

With a global network of 

20 yards worldwide, Keppel 

Offshore & Marine operates 

two yards in the Middle East 

region. They are Nakilat- 

Keppel Offshore & Marine 

which is based in Qatar, and 

Arab Heavy Industries, located 

in United Arab Emirates. 

Russian visit 

A delegation from the 

Science & Technology Society 

of Shipbuilders of the Russian 

Federation (NTOS) called 

on Keppel Shipyard and 

Keppel Singmarine on 

11 November 2011. 

Led by Professor Vladimir 

V. Alexandrov, President of 

the NTOS and Professor 

at Saint Petersburg State 

Marine Technical University, 

the delegation comprised 

personnel from education 

and research institutes as 

well as shipbuilding and ship 

repair companies. 

Keppel shared on the 

offshore and marine projects 

it had delivered to Russia 

over the years. This includes 

the ice-class Floating Storage 

and Offloading unit, Yuri 

Korchagin, a project delivered 

by Keppel Singmarine with 

its sister yard, Caspian 

Shipyard Company, and the 

two icebreakers, Toboy and 

Varandey. keppelite 

Delegates from the Saudi Ports Authority (SEAPA) were warmly welcomed at Keppel Shipyard 



Mentoring leaders 

As the global economy faces 

uncertain times ahead, good 

mentorship becomes all the 

more pertinent, as it keeps 

employees engaged and 

sustains their enthusiasm 

and determination. Good 

mentorship is also crucial 

to succession planning and 

talent management. 

This was the message shared 

by Mr John Bittleston and 

Ms Eliza Quek, experienced 

trainers brought in by Keppel 

Group Human Resources 

to conduct an Executive 

Mentoring Workshop for 

over 20 managers across 

the Keppel Group on 


According to John and Eliza, 

good mentors must have 

seven attributes: common 

sense; rough edges which 

have been smoothed; care; a 

good listening ear; wisdom; 

lucidity; and creativity. 

Mentors with these attributes 

are able to connect with their 

mentees readily and bridge 

cultural differences between 

employees. 

Mr Au Yong Kong Seng, 

GM, China Business Unit of 

Keppel Telecommunications 

& T r a n s p o r t a t i o n 

commented, “John and 

Eliza have vast experiences 

which allowed them to 

share interesting anecdotes. 

These were very thoughtprovoking 

and stimulating, 

and relatable to our personal 

and workplace experiences. 

Indeed, it was a very inspiring 

and interactive workshop.” 

A d d e d M r L i m A h 

Cheng, Asst. GM, Project 

Management, Keppel FELS, 

“The workshop has further 

reinforced my belief that 

the process of mentoring 

and enabling others is a 

rewarding and fulfilling 

experience.” keppelite 

Sharing on project risk management 

Established processes support 

the execution of smooth 

operations, enabling project 

managers to identify, assess, 

mitigate and review the risks 

impacting a project’s scope, 

schedule and costs. 

This was amongst many 

important tenets of Keppel 

FELS’ project management 

methodology shared by 

its project managers with 

30 Keppelites from across 

the Group on 1 December 

2011, initiated by Keppel 

Corporation’s Group Risk 

Management Department. 

Mr Wong Kok Seng, MD of 

Keppel FELS, kicked off the 

session by emphasising on 

the continuous improvement 

Keppel FELS shared project management best practices at its yards with Keppelites from across the Group 

of project management 

processes and team work 

to ensure continued project 

success. 

Ms Tina Chin, GM of 

Group Risk Management of 

Keppel Corporation, shared, 

“Keppel Offshore & Marine’s 

expert project management 

capabilities ensures consistent 

high quality delivery. We 

hope the participants can 

pass on their newly-acquired 

knowledge in their respective 

business units.” 

Mr Lim Kim Chiew, Chairman 

of Keppel Land’s Project 

Management Focus Group, 

appreciated the session, 

remarking, “We have gained 

invaluable insights into rigs 

design and construction, 

project management 

control processes, and MD 

review session for proactive 

management of risks. These 

lessons learnt can help us 

in our business review and 

improvement on the project 

management system.” keppelite 



Securing our business 

To enhance the resilience 

of Keppel’s businesses in 

any eventuality, Keppel 

C o r p o r a t i o n h e l d a n 

inaugural Business Continuity 

Management (BCM) 

Conference for the Group 


The conference was attended 

by Keppel Corporation’s 

Chairman Dr Lee Boon Yang, 

CEO Mr Choo Chiau Beng, 

Senior Executive Director 

Mr Tong Chong Heong, 

board members and senior 

management of the Group 

a s w e l l a s o v e r 2 5 0 

Keppelites. 

In his opening remarks, 

Mr Choo emphasised the 

importance of enhancing 

Group-wide operational 

resilience. Citing recent world 

examples such as the tsunami 

in Japan and the tension in 

Iran which could disrupt oil 

supply from the Middle East, 

he underlined the need to be 

vigilant and well-prepared 

to respond seamlessly to 

business interruptions 

as well as ensure rapid 

business recovery. 

The participants benefitted 

from presentations by fellow 

Keppelites across the Group 

who shared their experiences 

and mitigation plans that 

enabled our businesses 

to recover quickly from 

severe disruptions, such as 

hurricanes and typhoons, 

terrorism, pandemic flu, 

power outages and loss of 

critical equipment. 

The participants also gleaned 

insights from the guest 

speaker, Dr Goh Moh Heng, 

President of the Business 

Continuity Management 

Institute, who presented 

on “The top five things an 

organisation should know 

when implementing its BCM 

programme”. 

Dr Goh said implementing 

a standardised, effective 

and robust BCM plan across 

business units involved 

commitment from senior 

m a n a g e m e n t , a c t i v e 

engagement of all aspects 

of business operations and 

the consideration of key 

interdependencies. 

Keppel Corporation’s 

G r o u p C o r p o r a t e 

C o m m u n i c a t i o n s a n d 


departments also took the 

opportunity to underscore 

their supporting roles in 

BCM planning and crisis 

management. 

Ms Tina Chin, GM of 

Group Risk Management, 

concluded the conference 

thus, “It is heartening to 

see the conference bringing 

different parts of the Group 

together, to share how 

business units put into 

practice their BCM plans. 

The conference serves as 

a timely platform to allow 

business units to learn 

from each other’s diverse 

experiences and distill what 

are the common concerns 

and strategies to manage 

risks.” keppelite 

Mr Mok Kim Whang, President and GM of Keppel Subic Shipyard, shares how the shipyard is 

ever-ready to ensure business continuity 

Guest speaker Dr Goh Moh Heng elaborates on the top five things to know when 

implementing a BCM programme 



Sterling partnerships 

Keppel FELS and its 

subcontractors celebrated 

another year of win-win 

collaborations at its annual 

Subcontractors Night, held 

on 28 November 2011, 

and attended by some 280 

representatives. 

Mr Tong Chong Heong, CEO 

of Keppel Offshore & Marine, 

expressed his appreciation 

for their support, which 

undergirds Keppel’s ability 

to consistently deliver quality 

services to its customers 

and maintain a strong 

orderbook. 

markets such as China. 

As such, we must not stick 

to the status quo. We 

must continue to challenge 

ourselves to do our jobs 

better, quicker and safer. 

As we continue to control 

costs, safety must not be 

compromised. Safety should 

always be our top priority.” 

Keppel FELS conferred 

JS Marine Engineering with 

the “Best in Health, Safety 

and Environment” Award as 

well as recognised six of its 

subcontractors for ten years 

of dedicated services. 

In addition, Mr Tong 

encouraged the subcontractors 

to look beyond Singapore. 

He expressed his hopes to 

see more subcontractors 

come forward to work with 

Keppel on the overseas 

projects. keppelite 

He added, “The market 

is becoming more volatile 

and competitive, with rising 

competition from emerging 

Keppel FELS celebrates another year of strong partnerships with its subconstractors 

Inspiring every moment 

Every minute, every hour, 

every day, Keppel touches 

lives in over 30 countries 

across the globe through 

our workforce of 37,000. 

This is the conceptual thrust 

behind the Keppel Group’s 

2012 calendar, which features 

Keppelites S u s t a i n i n g 

Growth, Empowering Lives 

and Nurturing Communities 

at all hours of the clock as 

they find joy and inspiration 

in their day’s work. 

This chronicle hopes to 

deepen Keppelites’ sense 

of belonging and collective 

purpose, as we strive as 

one to realise our vision 

of being the Provider of 

Choice for Solutions to the 

Offshore & Marine Industries, 

Sustainable Environment and 

Urban Living. keppelite 

Keppel Group’s 2012 calendar features keppelites enjoying their day’s work 



Vietnamese vitality 

Eileen Tan, Keppel Group Corporate Communications Executive, shares her insights 

on the vitality of Vietnam while working with Keppel Land’s Vietnam team during 

the groundbreaking of Saigon Centre in November. 

Ho Chi Minh City (HCMC), 

the economic heart of 

Vietnam, is a metropolis on 

the move with its endless 

throngs of motorbikes, 

cars, and buses amidst the 

cacophony of heavy traffic 

and thick populace. 

A high-octane city of 

commerce and culture, 

remnants of the city’s past 

from churches, temples and 

old government buildings, 

sit side by side with modern 

luxuries from designer malls, 

big modern offices, high-end 

cuisines to luxurious spas – 

clear signs of the country’s 

rising aspirations for high 

quality of living. 

It is amidst this setting of 

pure energy that I stepped 

foot on HCMC, buzzing 

with excitement to be 

collaborating with my 

local colleagues to deliver 

milestone events for Keppel 

Land and the city. 

Gaining momentum as one of 

the fastest growing emerging 

economies, Vietnam’s 

middle class population and 

urbanisation rate are growing 

in lockstep. These trends 

present tremendous business 

opportunities. Recognising 

this, companies from all 

over the world have been 

swarming into the market 

aggressively. 

Ahead of the competition 

is Keppel Land, a pioneer 

foreign investor who has 

been operating in Vietnam 

for more than 20 years. 

Today, the company’s 

portfolio of properties in 

Hanoi, HCMC, Dong Nai and 

Vung Tau, is one of largest 

and most diverse, spanning 

Grade A offices, awardwinning 

serviced apartments 

and integrated residential 

township developments. 

I n t e r e s t i n g l y, t h o u g h 

Vietnam’s goods and services 

are increasingly catered to 

an international audience, 

the country remains deeply 

connected to its Asian roots. 

Respect and reputation 

are important aspects of 

doing business in Vietnam, 

and building trust and 

relationships with locals are 

critical to partnerships. 

For Saigon Centre, Keppel 

Land has worked with 

its joint venture partners 

Sowatco and Resco for over 

a decade since phase one of 

the project was launched in 

1996. The opening of the 

Safety Awareness Centre 

was also made possible with 

the support of the local 

Vietnamese partners. 

My week in HCMC had been 

an eye-opening experience. 

In the thick of the project, 

as I grappled with the 

language and agonised over 

whether things got lost in 

translation, I gradually learnt 

to adopt the composure of 

the Vietnamese, which is to 

never appear harried even 

when in a hurry and always 

put people first. keppelite 

Ho Chi Minh City is a vibrant city of commerce and culture – remnants of the city’s past, churches, temples and old government buildings, 

sit side by side with modern luxuries from designer malls, big modern offices, high-end cuisines to luxurious spas 



Garden of life 

In Jakarta where traffic 

gridlocks, overcrowding and 

city smog are a grating part 

of everyday life for some 

urban dwellers, Handoyo 

Lim leads an enviable quality 

lifestyle amidst a wholesome 

living environment at Jakarta 

Garden City (JGC) where he 

lives, works and plays. 

Blue skies, fresh air, lush 

landscaping, convenient 

amenities within a stone’s 

throw and spacious, ecoconscious 

homes – these are 

the cherished comforts of 

home sweet home offered by 

JGC, Keppel Land’s flagship 

township development in 

Indonesia. 

Handoyo isn’t keeping the 

secret of ‘paradise found’ to 

himself. Not just a resident of 

JGC, he is also Keppel Land 

Indonesia’s Marketing and 

Communications Manager 

for JGC for four years 

now, responsible for the 

advertising and promotion 

activities at the township. 

Living is believing and 

Handoyo has been won over 

by JGC’s offerings. With his 

strong belief in the merits 

of living at JGC both as a 

resident and as part of 

the JGC marketing team, 

Handoyo takes special 

pride in marketing JGC 

and attracting more people 

who yearn for a clean, 

convenient and centrally 

located home. 

Handoyo‘s family bonds over a barbecue in their backyard 

JGC is the first residential 

development in Indonesia to 

clinch the Green Mark Gold 

Award by the Building and 

Construction Authority of 

Singapore. 

“I used to live in Kelapa Gading, 

a mature neighbouring 

township. It is my job and 

aspiration for JGC to grow 

to become better than it. 

With rapid urbanisation and 

environmental concerns, 

Indonesians are becoming 

more eco-conscious and seek 

homes which can achieve 

energy and cost savings while 

benefiting the environment 

at the same time. 

“The team at JGC works 

very hard towards the goal 

of making JGC the choice 

township to live in and we are 

pleased that our hard work 

has borne fruit, judging from 

the success of our launches so 

far,” shared Handoyo. 

The comprehensive amenities 

offered by the township fulfill 

the needs of Handoyo’s family. 

His six-year-old son attends 

Sekolah Global Mandiri 

which is just a short drive 

away while his wife frequents 

the market and shopping 

arcade nearby. Over the 

weekends, the family 

makes use of the newly 

completed clubhouse which 

houses a wide range of 

facilities – from a children’s 

playground to a function 

room big enough to hold 

a wedding! 

For Handoyo, work is only 

a few minutes away while 

JGC’s accessible and wellconnected 

location means 

that he can get to the heart 

of the central business district 

in half an hour’s drive. 

The unique experience 

of living where he works 

has allowed Handoyo to 

develop strong bonds 

with his neighbours who 

were also his customers. 

The close community ties 

mean that neighbours are 

always ready to lend a 

helping hand. 

“My first-hand experience 

of JGC has allowed me to 

share a deeply personal and 

authentic experience of the 

key benefits of living in the 

township to my customers. 

I am confident that our 

future launches will be 

successful as well,” said 

Handoyo. keppelite 



A toast to friends 

Thomas Jefferson once 

l i k e n e d f r i e n d s h i p t o 

wine – raw when new, 

ripened with age, a true 

restorative cordial. 

It is befitting then, that Keppel 

Corporation Group Corporate 

Communication’s (GCC) 

annual ‘Friends of Keppel’ 

party was held at The Wine 

Glass at Marina at Keppel Bay, 

set against a captivating view 

of the waterfront. 

Keppel’s business associates, 

industry partners, 

government officials, 

analysts and media friends 

attended the party, themed 

‘Icons and Idols’, on 15 

December 2011 to renew 

old ties and forge new 

friendships. keppelite 

1 2 3 

4 5 

6 7 8 

1. Ms Wang Look Fung, Director of Group Corporate Affairs, Keppel Corporation, in conversations with Ambassador Tony Siddique and Ambassador Michael Tay; 2. Mr Choo Chiau Beng, CEO, 

Keppel Corporation congratulates Mr Ding Qilin, Chief Correspondent of Xinhua News Agency on his lucky draw win; 3. Ms Lynn Kan, Journalist at Business Times and Ms Angelina Choy, Art 

Editor of The Straits Times (centre) flanked by Roy Tan and Eva Ho of Keppel Corporation’s GCC; 4. Guests enjoy an evening of fine wines and scenic views as they toast to friendship; 5. Analysts 

Ms Cheryl Lee from UBS (second from left), Mr Gerald Wong and Mr Christopher Chng from Credit Suisse (centre), and Mr Jason Saw from DMG with members of Keppel Corporation’s GCC 

team; 6. (Centre) Mr Chee Jin Kiong, Director, Group Human Resources, Keppel Corporation with Mr Conrad Raj, Editor-at-large at Today; 7. Mr Yong Pow Ang, Chief Correspondent at Lianhe 

Zaobao (left), Mr Dale Wainwright, Asia Correspondent at Tradewinds, Yolanda Guo of Keppel Corporation’s GCC, Ms Angela Koh, Associate Editor of Lianhe Zaobao, and Mr Soon Fook Soon, 

GM of Business Development & Commercial (China), Keppel Integrated Engineering; 8. Ms Aw Kah Peng, Chief Executive of the Singapore Tourism Board sharing her thoughts with Keppel 

Corporation CEO Mr Choo Chiau Beng 



New feather in cap 

Spring City hosted over 110 local and international media personnel at the seventh Honma Cup Media Golf Tournament 2011 

Adding on to its track 

record of 90 international 

awards, Spring City Golf 

& Lake Resort (Spring 

City) in Kunming clinched 

the Yunnan Reputational 

Brand Award and Kunming 

Reputational Brand Award 


Spring City, an Audubon 

International Classic 

Sanctuary and one of China’s 

leading golf courses, is 

the first golf resort to bag 

the Yunnan Reputational 

Award. 

Presented by the Yunnan 

and Kunming governments, 

the two awards recognise 

companies with outstanding 

operations and significant 

contributions to the region’s 

social and economic 

development. 

Recently, Rose Chen, a 

student with Spring City’s 

Junior Academy Programme, 

also brought glory to the 

resort by securing the trophy 

at the China Citic Bank 

Amateur Golf Championship 

held in Hainan, China, on 


Mr Lau Tong Chye, GM, 

Operations, Spring City, 

said, “By sponsoring the 

entire training and practice 

schedule together with 

golf equipment, the Junior 

A c a d e m y P r o g r a m m e 

provides an opportunity for 

middle school students from 

villages to be skilled in the 

game. 

“This programme promotes 

young golfers and talents, 

and with Rose’s win, we are 

on the right track to support 

sustainable development 

and growth in the golf 

industry.” 

From a village near Spring 

City, 18-year-old Rose has 

been training at Spring City 

for the past 5 years. 

He added, “We are very 

proud of Rose, and I’m sure 

that her success story will 

serve as an inspiration to 

fellow and future participants 

in the programme.” keppelite 

Drawing 

international 

golfers 

The seventh Honma Cup 

China-International Media 

Golf Tournament 2011 was 

held at Spring City from 1 

to 4 December 2011. This 

event saw Spring City host 

over 110 golfers from local 

and international media, 

from Malaysia, Korea, 

Japan and Singapore. 

Besides golfing, participants 

also took part in a forum 

where topics such as the 

role and impact of media 

on golf tournaments led 

to engaging interactions 

and debate. 


22 Special Focus 

Continuing strong growth track 

in 2011 

Keppel’s strong fundamentals 

and core competencies 

continue to drive further 

growth across businesses 

and markets amidst 

challenging and competitive 

landscapes. 

KEPPEL CORPORATION 

June 

Mr Tong Chong Heong 

was appointed as Senior 

Executive Director of Keppel 

Corporation. 

October 

K e p p e l C o r p o r a t i o n 

announced the appointment 

of Mr Loh Chin Hua, 

MD of Keppel Land’s real 

estate fund management 

arm, Alpha Investment 

Partners (Alpha), as 

CFO with effect from 

1 January 2012. 

OFFSHORE & MARINE 

January 

Keppel FELS secured orders 

from Clearwater Capital 

Partners, LLC to build a pair 

of premium KFELS B Class 

jackup rigs at US$360 million 

and from Discovery Offshore 

S.A. to construct two harsh 

environment jackups based 

on the proprietary KFELS 

Super A Class design for 

about US$416 million. 

Keppel Philippines Marine Inc 

increased its stakes in Keppel 

Philippines Subic Shipyard 

to 84%. 

February 

Keppel FELS won contracts 

from Ensco to build two 

enhanced KFELS Super A 

Class harsh environment 

jackup rigs at about 

US$440 million. 

Keppel FELS Brasil secured 

two contracts totalling 

R$500 million (approx. 

$381.4 million) from Single 

Buoy Moorings, and the 

joint venture company 

MODEC and Toyo Offshore 

Production Systems. 

Maersk Drilling Holdings 

Singapore placed orders 

with Keppel FELS for two 

Gusto MSC CJ70 harsh 

environment jackup rigs 

worth close to US$1 billion. 

Keppel FELS secured contract 

worth about US$380 million 

from Transocean Offshore 

Deepwater Holdings to build 

two high-specification KFELS 

Super B Class Bigfoot jackup 

rigs. 

March 


(Keppel O&M) acquired 28% 

stake in SGX-listed topside 

module fabricator Dyna- 

Mac via equity placement 

to strengthen its lead as the 

total solutions provider for 

floating production systems 

(current stake in Dyna-Mac 

is 27%). 

K e p p e l A m F E L S w o n 

contract from Mexico’s 

Perforadora Central SA de 

CV to build a jackup rig 

worth US$195 million. 

With 16 units ordered in 2011, the KFELS B Class design is among Keppel’s suite of proven proprietary designs that is gaining market acceptance 


23 

Keppel Shipyard secured 

S$170 million contracts for 

completing a Pipe Laying 

Vessel for Saipem S.p.A 

and converting a Floating, 

Storage and Offloading 

(FSO) vessel for Bumi Armada 

Berhad. 

Keppel FELS secured a contract 

worth about US$210 million 

from Japan Drilling Company 

to build a KFELS Super B Class 

jackup rig. 

April 

Jasper Investments placed 

a s e c o n d o r d e r w i t h 

Keppel FELS to build a 

KFELS B Class jackup rig at 


Keppel Shipyard and Keppel 

Singmarine clinched new 

contracts worth $240 million 

to build a multi-purpose 

diver support construction 

vessel for SBM Offshore as 

well as modify and upgrade a 

Floating Production Storage 

and Offloading (FPSO) 

vessel for Petrofac. 

The KFELS Multi-Purpose 

Self-Elevating-Platform 

wind turbine installation 

vessel under construction 

at Keppel FELS secured job 

for deployment at DanTysk 

in the German sector of the 

North Sea. 

May 

K e p p e l F E L S s e c u r e d 

US$393 million contract 

to build two KFELS B Class 

Bigfoot jackup rigs from 

returning customer, Gulf 

Drilling International. 


Record delivery 

Even as Keppel Offshore 

& Marine (Keppel O&M) 

secured record new orders 

worth some $9.8 billion 

for the year-to-date, it 

also delivered some 26 

major projects across 

its yards around the 

world. This includes five 

semisubmersibles, three 

jackup rigs, seven FPSOs, 

one drillship outfitting, eight 

specialised vessels and two 

major repair/completion 

projects. 

In the execution of its 

projects, Keppel O&M has 

maintained its track record 

for safe, timely and within 

PROJECTS Type Customer 

Newbuild jackups 

1 Rowan Stavanger KFELS N Class Rowan Companies 

2 Rowan Norway KFELS N Class Rowan Companies 

3 Rowan EXL IV LeTourneau Super 116E Rowan Companies 

Newbuild semisubmersibles 

1 West Jaya SSDT 3600E Seadrill 

2 Alpha Star DSS38 semisubmersible QGOG 

3 P-56 Semisubmersible Petrobras 

4 ENSCO 8504 ENSCO 8500 semisubmersible Ensco 

5 Pv Drilling V SSDT3600E PetroVietnam 

FPSO/FSO/FSRU conversions and upgrading 

1 FPSO Okha FPSO SBM 

2 FPSO Lewek Emas FPSO Emas /PV Keez 

3 FPSO Armada TGT1 FPSO Bumi Armada 

4 FPSO P-58 FPSO Petrobras 

5 FSO Sepat FSO Bumi Armada 

6 FPSO Aseng FPSO SBM 

7 FPSO OSX -1 FPSO OSX 

Newbuild vessels 

1 Princess Chloe Barge P.T. Mitra 

2 Ratu Giok 1 Barge P.T. Pelayaran Kartika 

3 Straits Venture Barge PT Indo Straits 

4 KST 57 Tug Keppel Smit Towage 


6 GLOBAL 1201 Derrick pipelay vessel Global Industries 


8 Maju Tug Tug Maju Maritime 

Major upgrades/ repairs/ Drillship outfitting 

1 Bully 1 Drillship outfitting Noble 

2 Ensco 7500 Semisubmersible repair Ensco 

3 Scarabeo 9 Semisubmersible completion Saipem 

budget deliveries. Its 

value proposition includes 

meeting local content 

requirement such as 

with the P-56 which was 

completed entirely in Brazil 

as well as the completion 

of complex projects such 

as the Scarabeo 9. 




Keppel FELS won four repeat 

KFELS B Class rigs order 

from Standard Drilling worth 


Keppel FELS secured a 

contract with Vision Drilling, 

a wholly-owned subsidiary of 

Dynamic Offshore Drilling, 

to build its first KFELS B 

Class jackup drilling rig for 


June 

Keppel FELS was awarded 

a US$142 million contract 

from Seadrill to build a repeat 

semisubmersible drilling 

tender based on the KFELS 

SSDT 3600E design. 

Mr Chow Yew Yuen was 

appointed as MD of Keppel 

O&M and will assist the 

CEO of Keppel O&M in all 

aspects of Keppel O&M. He 

will continue in his role as the 

President of the Americas. 

Keppel FELS was awarded 

a contract worth about 

US$260 million by Floatel 

International (Floatel) to 

build a new generation 

a c c o m m o d a t i o n 

semisubmersible. 

Ahead of its opening in 

2012, Keppel Singmarine 

Brasil secured two newbuild 

contracts worth about 

S$140 million from fleet 

operators in Brazil. The first 

contract is for six 45-tonne 

bollard pull twin-screw 

Azimuth Stern Drive harbour 

tugboats for Rebocadores do 

Brasil S.A., and the second 

contract is to construct 

a large-sized 4500 dwt 

Platform Supply Vessel. 

The stake in Dyna-Mac, a topside module fabricator will allow Keppel better control over the process of designing and fabricating oil and gas 

production modules 

July 

Keppel FELS’s repeat 

customer, Asia Offshore 

Drilling, ordered the third 

KFELS B Class jackup rig 

worth US$184 million. 

August 


t w o c o n t r a c t s w o r t h 

S$146 million to convert 

an FPSO unit for SBM 

as well as to fabricate 

a n d i n t e g r a t e a n 

external turret mooring 

system for an existing 

FPSO vessel. 

Keppel FELS secured a repeat 

order from Transocean 

for a KFELS Super B Class 

Bigfoot jackup rig for 


September 

Floatel became a subsidiary 

of Keppel O&M through an 

amalgamation exercise. 

Keppel Nantong in China 

secured a contract worth 

S$143 million to build the 

world’s largest heavy lift 

sheerleg floating crane for 

Asian Lift. 


t h r e e c o n v e r s i o n 

contracts worth a total of 

S $ 1 4 2 m i l l i o n . T h e s e 

contracts are to convert 

a Liquefied Natural Gas 

(LNG) Carrier to a Floating 

Storage Unit (FSU), a VLCC 

tanker to an FSO unit as w 

ell as a tanker to a FPSO 

unit. 

October 

Keppel FELS secured a contract 

worth US$199 million 

for its refurbished KFELS 

B Class jackup rig from 

Safin Gulf FZCO as well 

as a contract to build an 

enhanced KFELS Super A 

Class harsh environment 

jackup rig from Ensco for 


November 

Keppel Singmarine secured 

two contracts worth about 

S$47 million from Indonesian 

customers. The contracts are 

for a Coal Transshipment 

Barge for repeat customer 

PT Indo Straits Tbk, and 

the construction of three 

tugboats for an international 

shipping company. 


25 

December 

K e p p e l O & M s e c u re d 

a c o n t r a c t w o r t h 

US$809 million from Sete 

Brasil for a proprietary 

DSS38E semisubmersible. 

INFRASTRUCTURE 

January 

The Keppel Group signed 

three agreements to deepen 

and broaden its investments 

and scope of activities in 

the Sino-Singapore Tianjin 

Eco-City (Tianjin Eco-City) 

in China. 

Keppel Telecommunications 

& Transportation(Keppel 

T&T) signed an agreement 

for the land use rights for 

the development of 

an integrated logistics 

distribution centre within 

the Eco Industrial Park of the 

Tianjin Eco-City. 

K e p p e l I n t e g r a t e d 

Engineering (KIE) signed a 

framework agreement to 

explore joint investment 

and development of water 

t re a t m e n t p ro j e c t s i n 

the Tianjin Eco-City, and 

also entered into a lease 

agreement that will establish 

its presence in a new 

innovation centre. 

Keppel T&T and Keppel 

Land formed a joint 

venture company, Keppel 

Data Centres Holding, 

to consolidate their data 

centre assets and position 

the business for further 

growth. Keppel Data Centres 

Holding (JV Co) is 70%:30% 

indirectly held by Keppel T&T 

and Keppel Land respectively. 

The JV Co also acquired 

two data centre assets, 

Keppel Datahub and Keppel 

Digihub, currently owned by 

Keppel T&T and Keppel Land 

respectively. 

March 

Keppel T&T, through a 

subsidiary, entered into a 

conditional agreement to 

sell its 35% shareholding 

of Wuhu Annto Logistics 

Co to Midea for an after 

tax net proceed of 

approximately $52.6m. 

April 

A joint venture was inked 

between KIE and Tianjin 

Eco-City Investment and 

Development Co to pursue 

t h e b u i l d i n g , o w n i n g 

and operation of a water 

reclamation plant in the 

Tianjin Eco-City. 

July 

Keppel Logistics completed 

the sale of its 35% stake 

in Wuhu Annto Logistics 

(Annto) and ceased to be 

a registered shareholder of 

Annto. 

Securus Data Property 

Fund (Securus Fund), jointly 

managed by a subsidiary 

of Keppel T&T and AEP 

Investment Management, 

completed the acquisition 

of a 70%-stake in iseek 

Data Centre from iseek 

Communications. 

Keppel T&T signed a nonbinding 

Memorandum of 

Understanding with the 

Construction Office of Sino- 

Singapore Jilin Food Zone 

to jointly develop a logistics 

park to serve the proposed 

Jilin Food Zone. 

August 

Keppel Logistics completed 


KIE inks JV agreement with TECID to pursue the building, ownership and operation of a water reclamation plant in the Tianjin Eco-City 




With the opening of Nanhai Distribution Centre, Keppel Logistics Foshan will add another 35,000 sm of warehousing space and manage a total of over 100,000 sm of warehousing space in 

Guangdong Province 

the acquisition of the other 

50%-stake in Transware 

Distribution Services from 

MISC Integrated Logistics for 

$17.85 million. 

October 

K e p p e l T & T s i g n e d a 

joint venture agreement 

with Sinotrans to jointly 

develop and operate a river 

port along Yangtze River, 

serving Wuhu City, Anhui 

Province and the central 

region of China. This marked 

Keppel T&T’s first port project 

along Yangtze River. 

K I E h a n d e d o v e r t h e 

Domestic Solid Waste 

M a n a g e m e n t C e n t r e 

project in Qatar to clients 

a n d c o m m e n c e d t h e 

Operational and Maintenance 

phase. 

November 

Keppel T&T through its joint 

venture, Keppel Logistics 

(Foshan), officially opened 

its new distribution centre 

in Foshan, Guangdong 

Province. 


Securus Fund formed a joint 

venture with Keppel T&T’s 

wholly-owned subsidiary, 

Boxtel Investments, to own, 

manage and operate a data 

centre in Gore Hill, Sydney, 

Australia. 

PROPERTY 

March 

Keppel Land was awarded 

a prime residential site in 

Sengkang by the Housing 

and Development Board for 

about $286.8 million. 

Alpha Investment Partners, 

(Alpha) through its 

US$1.2 billion Macro Trends 

Fund (AAMTF), and NTUC 

Income, entered into an 

agreement to jointly acquire 

Capital Square for an 

investment consideration of 

about $889 million. 


the Manager of K-REIT 

Asia, announced that 

RBC Dexia Trust Services 

Singapore, in its capacity 

as the trustee of K-REIT 

Asia, entered into a sale and 

purchase agreement for the 

acquisition of levels 26 to 29 

of the 30-storey Prudential 

Tower at a purchase price of 

approximately $125.1 million 

inclusive of rental support. 

Post-acquisition, K-REIT Asia 

owns approximately 93% of 

the total strata area which 

translates to 223,830 sf 

of net lettable area at 

Prudential Tower. 

April 

Singapore’s Senior Minister 

Goh Chok Tong officiated 

at the groundbreaking 

ceremony of Keppel’s 

Seasons City in the Tianjin 

Eco-City. Located within 

the Keppel Group’s 36.6-ha 

site, Seasons City comprises 

three office towers, retail 

premises and serviced 

apartments with a total 

Gross Floor Area of about 

254,398 sqm. 

May 

Jakarta Garden City 

became the first residential 

development in Indonesia 

to be conferred the Green 


27 

Mark Gold Award by the 

Building and Construction 

Authority (BCA) of 

Singapore. 

June 

Riviera Point in Ho Chi 

Minh City, Vietnam, 

received positive response 

for its public launch. The 

project is jointly developed 

by Keppel Land’s whollyowned 

subsidiary, Elaenia 

Pte Ltd, and established 

local property developer, Tan 

Truong Co. 

development of about 1,000 

high-rise apartments. 

Keppel Land, together 

with JV partners – local 

developers Tien Phuoc Co 

and Tran Thai Co, obtained 

masterplan approval and 

kickstarted the development 

of a prime 30-ha cleared 

site in South Rach Chiec, 

District 2 of HCMC. The 

waterfront development will 

comprise about 6,430 homes 

supported by quality retail, 

commercial, educational 

and medical facilities with a 

total gross floor area of about 

one million sm. 

as Manager of K-REIT 

Asia, announced that 

RBC Dexia Trust Services 

Singapore, in its capacity as 

the trustee of K-REIT Asia 

h a d e n t e r e d i n t o a n 

agreement with Mirvac 

Property Trust for the 

acquisition of a 50% 

interest in Mirvac 8 Chifley 

Trust, which owns 8 Chifley 

Square, Sydney, Australia. 

August 

K e p p e l L a n d C h i n a 

s e c u r e d a 2 1 . 5 - h a 

lakefront residential site 

in Binhu district, Wuxi, 

Jiangsu province, China 

for about $368 million. 

i n c l u d i n g c o m m e rc i a l 

components. 

Deputy PM and Minister 

for Finance and Manpower 

Tharman Shanmugaratnam 

opened the Ocean Financial 

Centre. 

September 

Keppel Land achieved strong 

take-up for The Luxurie in 

Sengkang which comprises 

622 homes. 

Alpha set up its new China 

office in Shanghai, China 

and appointed Mr Eric Goh 

Lai Soon as CEO of China 

Operations. 

Keppel Land China secured a 

7.2-hectare site in Nanxiang 

Town, Jiading District in 

Shanghai, China for about 

$ 2 4 1 m i l l i o n f o r t h e 

July 


The development will 

comprise 2,500 units, 


Seasons City, a mixed development of three office towers, retail premises and serviced apartments, had its groundbreaking in April this year 




Alpha also announced the 

first closing of its Alpha 

Asia Macro Trends Fund II 

(AAMTF II). The AAMTF II 

raised a commitment of 

o v e r U S $ 4 6 0 m i l l i o n 

(S$556 million) as at end 

June 2011 from eight 

institutional investors. 

AAMTF II made its maiden 

investment by entering into 

an agreement to acquire a 

142-room boutique Central 

Park Hotel in Hong Kong 

for HK$515 million (about 

S$80 million). 

the Dow Jones Sustainability 

Indices (DJSI World Index 

and DJSI Asia Pacific Index). 

It is the only Singapore 

company to be included in 

the Sustainability Yearbook 

2011 which features the 

top 15% of companies 

out of 2,500 worldwide in 

sustainability leadership. 

In the Global Real Estate 

Sustainability Benchmark 

(GRESB), Keppel Land was 

named the Best Performer in 

Asia and earned a “Green Star” 

based on GRESB’s model of 

environment performance. 

For the third time, Keppel 

Land garnered the “Best 

in Class” status conferred 

by Norwegian financial 

institution Storebrand and 

October 

Keppel Land clinched several 

top awards for best practices 

in sustainability. It was the 

sole winner for the Singapore 

Awards for Sustainability 

Reporting (SASR) 2011 by 

the Association of Chartered 

Certified Accountants 

(ACCA). 

Keppel Land was also 

selected as a component of 

Mr Choo Chin Teck, Director, Corporate Services and Company Secretary of Keppel Land (right), receives the Best Sustainability Report Award 

from Ms Grace Fu, Senior Minister of State, Ministry of the Environment and Water Resources 

The Luxurie, Keppel Land’s homes in Sengkang, continues to receive positive response 


29 

Keppel Land breaks new ground for Saigon Centre Phase 2 in Ho Chi Minh City 

scored the highest among 

other listed Singapore 

developers. 

Keppel Land, through 

subsidiary Straits Property 

Investments, entered into a 

conditional share purchase 

agreement with RBC Dexia 

Trust Services Singapore as 

trustee of K-REIT Asia, for 

the sale of its approximate 

87.5% shareholding interest 

in Ocean Properties to 

K-REIT Asia for a period of 

99 years. 

The agreement, negotiated 

on a willing-buyer and 

willing-seller basis, has been 

reached at the consideration 

of $1,571.3 million (subject 

to completion and postcompletion 

adjustments). 

This was based on an 

agreed value for the property 

at $2,013.1 million with 

a rental support of up to 

$170 million from the 

completion of the sale to 

31 December 2016. 

The transaction will yield for 

Keppel Land a net gain of 

about $492.7 million upon 

completion, derived after 

deducting the book value of 

the investment and excluding 

gain arising from the Group’s 

46.4% in K-REIT Asia. 

K-REIT Asia also proposed 

a rights issue to partly 

finance the acquisition. 

Keppel Land would provide 

an irrevocable undertaking 

to subscribe for its pro-rata 

entitlement of K-REIT Asia’s 

rights units. 

K-REIT Asia Management 

Limited, as manager of K-REIT 

Asia, announced that K-REIT 

Asia received an investment 

grade rating of “BBB” and 

an ASEAN scale rating of 

“axA” by Standard & Poor’s 

on 20 October 2011. 

`Marina at Keppel Bay was 

conferred the Green Mark 

Gold Award by the BCA, 

as well as the Clean Marina 

accreditation by the Marina 

industry Association of 

Australia. 

Keppel Land and JV partners, 

Southern Waterborne and 

Transportation Corporation 

(SOWATCO) and Saigon Real 

Estate Corporation (RESCO) 

held a groundbreaking 

ceremony for Phase two of 

Saigon Centre in Ho Chi 

Minh City. 

To ensure safety at the 

work sites of its projects, 

Keppel Land, with the 

support of local Vietnamese 

partners, opened a Safety 

Aw a re n e s s C e n t re t o 

provide training to raise the 

safety standards among its 

workforce. 


K-REIT Asia Management 

Limited, as Manager of 

K-REIT Asia, announced 

its first anchor tenant at 

8 Chifley Square in Sydney – 

Corrs Chambers Westgarth. 

A leading Australian law 

firm, the company has precommitted 

approximately 

87,000 sf of premium office 

space at 8 Chifley Square 

in Sydney, Australia, for a 

12-year term. This works out 

to be approximately 40% 

of the total net lettable area 

of the building. Both K-REIT 

Asia and Mirvac Property 

Trust, a member of the 

Mirvac Group, own a 50% 

interest each in the office 

tower. 

Keppel Land announced 

the completion of the 

divestment by subsidiary 

Straits Property Investments 

of its approximately 87.51% 

in Ocean Properties to K-REIT 

Asia for 99 years. keppelite 

*Milestones as at 23 December 2011 


30 Empowering Lives Lives 

Senior ED Mr Tong Chong Heong (first image, second from left) and Chairman Dr Lee Boon Yang (centre of second picture) and senior management from across the Keppel Group celebrate with 

employees at the Keppel Corporation’s year-end party 

Appreciation all around 

A b o u t 1 1 0 K e p p e l 

Corporation employees 

gathered at the Reflections 

at Keppel Bay show gallery 

for the Long Service Awards 

Presentation cum Year End 

Luncheon on 16 December 


Keppel Corporation’s CEO 

Mr Choo Chiau Beng 

expressed appreciation to 

all employees for their hard 

work. 26 loyal Keppelites 

were also honoured with 

Long Service Awards 

ranging from 10 years to 

40 years. Remarkably, the 26 

employees have contributed 

a total of 640 years of service 

to the company! 

Some 16 members of the 

Keppel Filipino Community 

(KFC) which is formed by 

about 300 Filipino Keppelites 

and their family, added to 

the celebratory air with 

Christmas carols. 

The highlight of the party 

was an exciting lucky draw 

Say Huan Yuan, Assistant Manager, Business Planning, Keppel Telecommunications & 

Transportation, who is on secondment from Keppel Corporation, received the top lucky draw 

prize from CEO Mr Choo 


Empowering Lives 31 

1 2 

3 4 5 

1. Mr Michael Chia, Deputy Chairman of KIE (centre, in black shirt) and Mr Thomas Pang, CEO of Keppel Infrastructure Fund Management (second from right), join KIE employees to ring in a 

successful year ahead; 2. A toast to good cheer – Senior management from KIE (from left) BG (NS) Tay Lim Heng, CEO of KIE, Mr Michael Chia, Deputy Chairman of KIE, Mr Jeffrey Lee, AGM 

of Keppel Sea Scan, Mr Thomas Pang, CEO of KIFM, Mr Goh Chin Aik, GM of Operations and Maintenance, KIE, and Mr Tan Dek Joon, SGM Commercial of Keppel Seghers; 3. KIE employees 

cheer on their senior management who made a lively and colourful entrance to the party; 4. KIE employees faced off in an arm-wrestling contest; 5. Hula dancers enthralled audiences with their 

performance at the KIE Dinner and Dance party 

which saw 10 employees 

walk away with prizes 

totalling over $4,500, 

including shopping vouchers, 

travel vouchers and electronic 

products. 

To spread the festive cheer to 

others less fortunate, Keppel 


garnered support from all 

departments to prepare gifts 

for under-privileged children 

at The Haven. 150 gifts 

were collected to stuff the 

children’s stockings. 

To end the year on a high 

note, Keppel Integrated 

Engineering (KIE) held its 

Dinner and Dance (DnD) on 

10 December 2011. Themed 

“Tropical Paradise”, the party 

saw staff decked out in 

vibrant beach wear. 

Joining the party were 

Mr Michael Chia, Deputy 

Chairman of KIE, Mr Loh 

Ah Tuan, Director of KIE 

and RADM (NS) Chew Men 

Leong, Chief Executive of the 

Public Utilities Board. 

The highlight of the party 

was the presentation of 

long service awards to 

deserving KIE employees. 

BG (NS) Tay Lim Heng, CEO 

of KIE, honoured all long 

service award recipients, 

and thanked them for 

their contribution towards 

KIE’s growth over the 

years. 

Guests were entertained 

by charming hula 

dancers, while those who 

participated in the arm 

wrestling and belly-dancing 

competitions basked in 

thunderous applause from 

the crowd. keppelite 


32 Empowering Lives 

Distilled wisdom 

Third row from left (years of service in brackets): Grace Chia (10), Dennis Tan (10), Caroline Chang (10), Cindy Lim (10), Chia Tsui Lin (10), Ahmad Fua’ad Bin Hassan (30), Paul Tan (30); 

Second row from left: Irene Koh (30), Freda Goh (30), Katrina Hui (30), Chua Bee Hoon (20), Lee Chui Ling (20), Mak Puay Hoon (30); 

Front row from left: Michael Poh (40), Tong Chong Heong (40), Wang Look Fung (30), Dr Lee Boon Yang, Choo Chiau Beng (40), Chee Jin Kiong (40), Magdeline Wong (30); 

Not pictured: Ang Ting Yang (10), Leong Yoke San (10), Cheryl Wong (30), Constance Teh (30), Wong Kin Wah (30), Doris Chia (40), Poon Kit Peng (40) 

In presenting the 40-year 

long service award to 

Keppel Corporation’s CEO 

Mr Choo Chiau Beng, 

Chairman Dr Lee Boon 

Yang noted that nowadays, 

it is not easy to find people 

who join a company and 

serve it loyally and with 

commitment over such 

a long period of four 

decades. 

Dr Lee praised Mr Choo 

for serving Keppel with 

loyalty and dedication, 

h a v i n g s t e e r e d t h e 

company through many 

ups and downs during his 

time. Dr Lee added that 

Keppel’s achievements are 

to a large extent due to the 

effort of long-serving staff 

like Mr Choo, who have 

made Keppel their life-long 

mission. 

He recalled how ship 

repair and shipbuilding 

was doomed as a sunset 

industry in 1984. But it was 

not to be. Keppel, Dr Lee 

said, showed how we can 

create a special company 

with determination, 

courage, creativity and 

innovativeness. 

Some of the long service 

award winners also had 

some words to share with 

Keppelites: 

“It was definitely a sense 

of camaraderie which saw 

us through the good times 

as well as bad times… 

Among the things which 

have kept us together are 

great leadership, fairness and 

meritocracy.” 

Mr Tong Chong Heong 

Senior ED 

“The special thing about 

Keppel Group is that we 

are a very people-oriented 

organisation while remaining 

focused on the company’s 

performance. We take care 

of employees and one 

another… One thing 

which has impressed me 

the most is how all the staff 

will close ranks and work 

together in adversity.” 

Mr Chee Jin Kiong 

Director, Group Human 

Resources 

“Always have that fire in 

your belly in whatever you 

do. You have to have that 

passion. And never forget 

the people around you. 

We work as a team, we 

grow as a team.” 

Ms Wang Look Fung 

Director, Group 

Corporate Affairs 



At home in Singapore 

The recently opened workers’ 

dormitory, Cassia@Penjuru, 

is a cozy home away from 

home for Velayutham Senthil 

Kumaran, who came from 

India to work at Keppel 

Shipyard in February 2011. 

He shared, “I feel very 

comfortable here. There are 

many recreational facilities. 

I can get together with my 

housemates to cook meals, 

and buy groceries at low 

prices.” 

L o c a t e d a t P e n j u r u 

Walk, Cassia@Penjuru is 

Keppel Housing’s latest 

accommodation facility. It is 

jointly owned by Keppel and 

Jurong Shipyard Pte Ltd. 

In addition to Cassia@ 

Penjuru, Keppel Housing 

also operates Acacia Lodge, 

Juniper Lodge, Lantana 

L o d g e a n d K i a n Te c k 

Hostel. These dormitories, 

home to some 10,000 

foreign workers, enable 

Keppel to take care of 

the welfare of its people 

and maintain a dynamic 

workforce. 

The compounds feature 

modern amenities, including 

convenience stores, 

laundromats, banking and IT 

terminals, and barber shops. 

The bigger dormitories 

also have facilities such as 

gymnasiums, wet markets 

and canteens. Each resident 

pays a nominal sum of 

$40 to $50 per month in 

housing rent. 

Lending a listening ear 

Keppel undertakes a 

holistic approach towards 

the welfare of it foreign 

workers. 

Mr Steven Lee, GM of 

Keppel Housing, said, 

“The safety and welfare 

of our foreign workers are 

paramount. This includes 

their mental well-being, 

which we understand 

includes having to adjust 

to a foreign country and 

being away from their 

loved ones.” 

In line with this approach, 

Keppel Housing officially 

launched a counselling 

p r o g r a m m e f o r t h e 

residents of its estates in 

October 2011. Presently, 

the workers can turn to 

three full-time counsellors 

when they need a listening 

ear. 

One of the counsellors, 

Dr Rezwana Islam, is a 

general practitioner 

who received training in 

counseling as part of her 

degree. She said, “Being 

of the same nationality 

is a big help in building 

rapport and connecting 

w i t h t h e m , b e c a u s e 

for most Bangladeshis, 

counselling is still a foreign 

concept. 

Another counsellor, Yang 

Kun, a psychology graduate 

from Hunan province in 

China, explained that 

language barriers are key 

challenges for mainland 

C h i n e s e w o r k i n g i n 

Singapore. He said, “A lot 

of them are from different 

provinces in China, each 

with their own dialect. 

Sometimes they have 

difficulty communicating 

among themselves, let 

alone in English.” 

By providing support 

and encouragement, the 

counsellors ease the minds 

of the foreign workers, 

enabling them to better 

concentrate on their 

work. 

Keppel Housing is looking 

to expand the counseling 

programme. The three 

counsellors have received 

a o n e - d a y w e l f a r e 

training course by Mr 

Jolovan Wham, 31, ED 

of the voluntary welfare 

organisation Humanitarian 

Organisation for Migration 

Economics (Home). They 

will also receive additional 

training in the next three 

months to better equip 

them for the job. 

Located at Penjuru Walk, Cassia@Penjuru is Keppel Housing’s latest accommodation facility 



Clash of the titans 

K e p p e l G a m e s 2 0 1 1 

culminated in an exciting finish 

– after more than two months 

of intense competition. Team 

Caspian overcame last year’s 

champion, Team Pacific, and 

secured the Keppel Games 

Overall Grand Champion 

Trophy. 

B e s i d e s p r o m o t i n g a 

sporting lifestyle and healthy 

competition amongst 

Keppelites, Keppel Games 

is an annual platform for 

cultivating strong ties 

amongst employees from 

across the Group. Keppelite 

shares highlights of the finale 

event, which took place on 


Rousing start 

At National University of 

Singapore, where the finale 

was held, senior management 

and Keppelites from across 

the Group started the day 

with a rigorous, seven-minute 

workout led by professional 

fitness instructors. Stretching 

and flexing, they were soon 

warmed up for the final 

matches. 

Keppel Games 2011: Final Scores 

Atlantic Caspian Pacific 

634 892 794 

Evenly matched 

There was a nail-biting finish 

in the soccer finals. Equally 

dexterous, Team Atlantic 

and Team Caspian came to 

a 0-0 score after full-time 

play. As such, the game 

proceeded to a penalty 

shoot-out in which Team 

Atlantic emerged champion, 

having snared four goals 

while Team Caspian fell 

short with only three. 

However, Team Caspian 

cornered the 9-a-side Soccer 

Challenge Trophy, having 

secured both the second 

and third places in the 

competition. 

The two-month long Keppel Games 2011 ended on a high note 



Charity shootout 

Funds were raised for the 

Association for Persons 

with Special Needs 

(APSN), Keppel’s adopted 

charity, through the 

Charity Penalty Shootout 

at Keppel Games 


Volunteers from Keppel and 

beneficiaries from APSN 

took aim with a football at 

placards indicating amounts 

ranging from $1,500 to 

$2,500. The sum raised per 

person corresponded with 

the placards they managed to 

strike with each kick. A record 

$50,000 was garnered from 

Keppel’s business units. 

One of the participants 

in the fundraiser, Vernon 

Neo, Business Development 

Manager at Keppel Seghers, 

enthused, “It is great that 

we have a charity fundraiser 

component in Keppel 

Games. I am very happy 

to be able to participate in 

this meaningful event and 

do my bit for charity!” 

$50,000 was raised for Keppel’s adopted charity, Association for Persons with Special Needs, through the Charity Penalty Shootout` 

Trailblazers 

In the running events, more 

than 180 athletes put their 

best foot forward in races 

with varying distances, 

ranging from 100 metres to 

six kilometres. 

Zhang Ya Juan, an Engineer at 

Keppel FELS, remarked, “This 

is the fifth time that I have 

represented Team Caspian in 

the Veteran’s Open category. 

I look forward to being part 

of Keppel Games every 

year. Besides getting a good 

workout, Keppel Games 

provides opportunities for 

me to bond with my fellow 

Keppelites.” 

Fun and games 

Besides sporting matches, 

Keppelites also engaged 

in a series of telematches. 

The participating teams 

gamely applied their wits 

and energies to tackling 

challenges such as balancing 

tennis balls on the foreheads 

of their members and piecing 

together a gigantic jigsaw 

puzzle to form the words 

“Blazing for Passion, Striving 

for Success”, the theme of 

Keppel Games 2011. keppelite 



Rewarding outreach 

Active contributions to the 

community and the People’s 

Action Party (PAP) of 

Singapore, garnered Lu Qimin, 

Assistant Project Manager 

at Keppel Singmarine, the 

Youth Medal at the recent 

PAP Annual Party Awards 

Ceremony. 

Presently serving his third 

term as Chairman of the 

Young PAP Marsiling Branch, 

Qimin has been an active 

member for more than 10 

years, since he was 18, and 

also a regular volunteer at the 

constituency’s weekly Meetthe-People 

Sessions. 

Qimin connects people who 

need assistance with those 

who can provide it, and also 

helps to convey appeals 

through letters, telephone 

calls or face-to-face meetings. 

He has also helped to raise 

political awareness among 

young Singaporeans by 

managing the party’s new 

media communication 

channels. 

Qimin shared, “My 

experiences with Young PAP 

have been meaningful and 

enriching. I derive much 

satisfaction from being 

able to help others. These 

experiences have helped me 

become more mature and 

articulate. 

“The Meet-the-People 

Sessions have enabled me to 

interact with people from all 

walks of life and has better 

equipped me to manage 

expectations, gather feedback 

and explain complex concepts 

in layman terms.” keppelite 

At the PAP Annual Party Awards Ceremony, 

Lu Qimin (right), Assistant Project Manager 

from Keppel Singmarine, receives the Youth 

Medal from Mr Khaw Boon Wan, Chairman 

of the People’s Action Party, Minister 

for National Development and Member 

of Parliament for Sembawang Group 

Representative Constituency 

Working out for better well-being 

Joined by Keppel O&M’s management, Keppelites kicked into high gear with an energetic 

workout at Keppel FELS ACTIVE Day 

More than 2,000 Keppelites 

worked up a hearty sweat 

at the annual Keppel FELS 

ACTIVE Day campaign on 

17 December 2011, which 

encourages employees 

to ‘live well, eat well and 

stay healthy’. 

Guest-of-Honour, Mr Tong 

Chong Heong, CEO of 

Keppel Offshore & Marine, 

commented that good health 

leads to higher productivity. 

Urging all Keppelites to 

make healthy living a priority, 

Mr Tong said, “There are 

many small habits we can 

adopt to stay healthy. For 

example, instead of taking 

the lift, you take the stairs. 

Instead of taking soft drinks, 

you can opt for water.” 

At the event, senior 

management and employees 

participated in a rigorous work 

out led by fitness instructors 

from Team Fitness Guru. 

Throughout the year, Keppel 

FELS’ Human Resource 

Department regularly rolls 

out programmes to promote 

better health and wellness 

amongst employees. Their 

initiatives include fruit and 

health bazaars, health and 

welfare talks, recreational 

activities as well as subsidised 

health screenings. keppelite 



Keppelites Abroad 

Shanghai school of hard knocks 

“You will learn to expect the 

unexpected when working 

abroad,” Mr Ben Lee, City 

Head of Keppel Land China’s 

operations in Shanghai, 

shared as he recounted a 

challenging experience he 

had in the country. 

It was a four-hour long, 

tense discussion between 

a contractor, government 

officials, the local police 

chief and Keppel Land with 

numerous migrant workers 

present. In the first two hours, 

the contractor pleaded his 

case in tears. Realising he 

was getting nowhere, he 

proceeded to scream and 

shout for the next two 

hours until his voice turned 

hoarse. 

One of the workers abruptly 

barged into the room and 

demanded that the contractor 

stop his act and pay their 

fees. It was then that it came 

to light that the migrant 

workers were “actors” hired 

to support the contractor’s 

claims. 

Experiences such as these 

have schooled Ben in sizing 

up a person or situation 

quickly, thinking on his 

feet and maintaining a 

calm composure. These 

qualities have served him 

well as he undertakes his 

work responsibilities, which 

include identifying growth 

opportunities and ensuring 

that projects are wellmanaged 

and profitable. 

Sharing observations about 

the city, Ben said, “China’s 

growth, especially in Shanghai, 

has been phenomenal. As a 

developer, we must capture 

the many opportunities that 

will put us in good stead, 

especially since China will 

continue to grow and prosper 

given that it plays a critical 

role as the world’s engine 

of growth.” 

“My very first visit to Shanghai 

was in 2001 and by the time 

I started working there in 

2005, I could hardly make out 

the places I visited only four 

years ago.” 

roads were diverted to make 

way for new buildings, such 

that even local taxi drivers 

themselves lost their way 

around the city!” 

Ben and his family which 

includes two children aged 

seven and nine, have since 

adapted and grown to live 

like one of the locals. To help 

his children assimilate to the 

local culture and language, 

Ben “forced” them to watch 

local Chinese cartoons by 

terminating their satellite 

TV subscription. 

Ben explained, “One of the 

biggest challenges I faced 

was expressing my views 

in Chinese. I remember 

my first meeting with the 

locals where I had so much 

difficulty finding the right 

words that I sat through the 

meeting without a word and 

jotted down my thoughts in 

English. I do not wish for my 

children to have to learn the 

hard way.” 

Living in China has broadened and enriched life experiences for Ben and his family 

Ben, who is a Singaporean, 

decided to live in Shanghai 

in 2006 and eventually joined 

Keppel in July 2007. 

“The next big change was 

in 2009 when Shanghai 

was preparing for the World 

Expo. The city became a 

large construction site and 

For Ben, living in China has 

broadened his horizon and 

enriched his life experiences. 

He shared, “It is a great 

opportunity to live in a 

different environment and 

experience a totally different 

culture.” keppelite 



Bridge over troubled waters 

of congratulatory sms-es 

which streamed in from 

friends across the globe. 

Mr Charles Foo with his ‘golden’ lady – Tan Yoke Lan who received a congratulatory bouquet for her win from Mr Choo Chiau Beng, CEO of 

Keppel Corporation 

Tan Yoke Lan, a 63-year-old 

grandmother of six, made 

headlines during the recent 

SEA Games, not just for 

clinching one gold, two silver 

and two bronze medals at 

Bridge but more for her 

courage and grit. She was 

battling breast cancer even as 

she battled for Singapore. 

It is an “extraordinary story of 

an ordinary woman, ordinary 

no more”, aptly described by 

her appreciative husband Mr 

Charles Foo, Director/Advisor 

of Keppel Offshore & Marine 

Technology Centre. 

Two months before she 

was due to compete at 

the SEA Games, Yoke Lan 

discovered she had stage 

two breast cancer. She 

immediately underwent 

a total mastectomy but 

deferred post treatment of 

chemotherapy so that she 

could attend the Games 

and not disappoint her team 

mates. 

To keep her stamina up 

during the tournament which 

sometimes stretched up to 

10 hours a day, the ‘iron 

woman’ boosted herself with 

health supplements and took 

frequent breaks in between 

rounds. She even chose to 

walk up to her hotel room 

on the sixth floor daily just 

to keep her fitness up. 

Despite tremendous personal 

effort and sacrifice, she 

attributed her success to 

teamwork. In fact, Yoke 

Lan wants to connect with 

young people through 

sharing her experience and 

encourage more to join 

the team. To achieve this, 

she is donating her reward 

from the Singapore National 

Olympic Council to sponsor 

and groom young Bridge 

players. 

“Bridge is my passion. It 

has brought me to places 

around the world and I have 

made many good friends 

who share my love for the 

game,” Yoke Lan enthused. 

Her pursuit of the game 

over the last three decades 

has seen her play and 

win at regional and world 

championships in Philippines, 

Hong Kong, Beijing, New 

Zealand, Holland, Belgium 

and Portugal. When news 

broke on her clinching gold, 

she was moved by the deluge 

When asked how she bridges 

the home front and national 

service? She quipped, “I am 

a fast worker and do my 

housework late into night 

so that I can train the next 

day.” She was also quick 

to add that she has a most 

encouraging husband who 

said, “We all have our own 

and different interests. It 

is important to pursue our 

passions or our lives will 

be very mundane.” And 

although Mr Foo does not 

play the game, Yoke Lan 

commented that he was very 

good at making coffee and 

tea for her Bridge-playing 

friends. 

It goes to show that behind 

the tough Keppel men are 

their equally passionate 

“better “ halves who, on top 

of being pillars of strength 

at home, also cultivate their 

own interests with the same 

zeal and determination. 

Following the interview 

with Keppelite, Yoke Lan 

was leaving for her first 

chemotherapy session. She 

was a vision of calm as 

she assured, “Don’t worry, 

someone up there will take 

care of me.” 

Keppelites wish her a speedy 

recovery and more medals 

ahead. keppelite 



Homeward bound 

The Keppel-sponsored Singapore boat prepares for the awaited race home 

from Australia in the coming leg of the Clipper 11-12 Race. 

Singapore, one of the ten 

yachts in the Clipper 11- 

12 Round the World Yacht 

Race, is on its way from 

Queensland, Australia, to 

Singapore. 

The team was in a buoyant 

mood, having beaten off 

stiff competition from its 

Chinese rival, Qingdao, to 

secure a top-five finish in the 

New Zealand-Gold Coast leg, 

after its two disappointing 

races earlier. 

Exemplifying Keppel’s Can- 

Do! spirit, members of 

the Singapore crew had 

worked very hard to get their 

campaign back on track. 

Reflecting on the race 

to Australia, Singapore’s 

skipper, Ben Bowley, said, 

“That was an absolutely 

cracking race for us. There 

was a lot of competition and 

it was anyone’s race right up 

until the last minute, which 

is all we’re after, really. It’s 

very exciting, I think my 

favourite part was when we 

were climbing up the fleet 

in the middle of the race; 

I really thought we had a 

good chance of being on the 

podium for a while. 

“Right from the outset we 

decided we were going to 

come back with a vengeance; 

we wouldn’t accept anything 

less than fifth place,” 

explained Ben. “We made 

it and I was very impressed 

with how the crew mucked 

in and got involved.” 

Sherlyn Chen, a gapyear 

student and one of 

the ten round-the-world 

crew members on board 

Singapore, shared, “I think 

we are very motivated to do 

well, to climb back up the 

leaderboard, because we 

know we belong in the top 

half of the fleet. We’ve done 

it and we’re all very pleased 

about that.” 

Celina Chan, Senior Engineer 

from Keppel FELS, as well as 

Keppel Ambassador for the 

upcoming leg of the race, is 

full of nervous energy. She 

said, “Whenever I read the 

Clipper Race updates, I get 

really excited about being 

part of the competition. 

Though I do get jitters 

imagining how challenging 

the race might be, I remain 

very motivated to do my 

best in this once in a lifetime 

experience.” keppelite 

Singapore secured a top five finish in the Gold Coast and is now on its way from Queensland 

to Singapore 

Keppel Ambassador Celina Chan will compete in the upcoming leg of this ocean-crossing race 

where she will brave turbulent seas` 



Team Keppel 

KRC bowlers had a meaningful Saturday, bowling with special athletes 

Keppel Dragons persevered to maintain their lead at the heats of the 29th Singapore River 

Regatta 

Keppelite Recreation Club 

(KRC) organised a series of 

recreational and sporting 

activities in the months of 

November and December 

to build team spirit amongst 

Keppelites. 

Bowling for a cause 

KRC members represented 

Keppel Corporation for the 

third time in the Special 

Olympics Unified Charity 

Bowl held on 26 November 

2011 at Super Bowl Safra at 

Mount Faber. 

In teaming up with special 

needs athletes to compete 

in ten-pin bowling, KRC 

members gained a better 

understanding of intellectual 

disability and appreciation 

for persons with such 

disabilities. 

Keppel Corporation donated 

$1,500 towards the event, 

which was part of Special 

Olympics’ efforts to raise 

funds to support programmes 

that empower persons with 

intellectual disabilities to 

become physically fit and 

productive. 

Striking chords 

On a separate occasion, 71 

bowlers from across the 

Keppel Group gathered 

on 3 December 2011 for 

KRC’s year-end event, 

the Fun Bowl. Supporters 

cheered enthusiastically as 

participants in the four-game 

series conquered the lanes 

at the CDANS Club. 

T h e d a y e n d e d w i t h 

many smiling faces as the 

participants and supporters 

tucked into a sumptuous 

buffet after an enjoyable day 

of bowling and bonding. 

Daryl Lim, Engineer at 

Keppel FELS, walked away as 

the highest scorer of the day, 

with 227 points. 

Strong finish 

KRC’s dragon boat team 

participated in the 29th 

Singapore River Regatta, held 

over two days at Boat Quay 

from 26 to 27 November 


Keppel Dragons fielded 

one Men’s Team in the 

200-m Corporate Open 

Category, clocking a time of 

73’17 seconds to emerge 

first in the heats. 

The team fought 

t h r o u g h r o u g h 

water conditions to come in 

third place with a timing of 

69’34 seconds in the semifinals. 

Darryl Tai, Captain of Keppel 

Dragons, shared, “Having 

trained consistently and with 

additional trainings three 

months prior to the race, the 

team put up a valiant fight 

to achieve these results. 

Even though we did not 

make it to the finals for this 

race, I remain proud of the 

team’s efforts, hard work and 

determination, and believe 

that we will strive further to 

achieve better results.” 

K e p p e l i t e s i n t e re s t e d 

to join Keppel Dragons 

can contact Darryl at 

darryl.tai@keppelfels.com 

or Olivia Lim at olivia.lim@ 

keppelfels.com. keppelite 



Doing our share 

In 2011, Keppelites continued 

to make a difference to the 

lives of the disadvantaged 

by donating generously 

to the Community Chest 

of Singapore. Their 

collective contributions 

were recognised at the 

Community Chest Awards 

Presentation Ceremony 


Keppel FELS was conferred 

the 5-Year Outstanding 

SHARE Platinum Award as 

well as SHARE Platinum 

Award. Keppel Singmarine 

too received the SHARE 

Platinum Award while 

Keppel Logistics and Keppel 

Shipyard garnered SHARE 

Gold Awards. 

President Tony Tan presented 

the awards to the recipients 

at the Istana on 13 October 

2011. keppelite 

Keppel receives commendations for its contributions to the less fortunate: (from left) President Tony Tan and Mr Tong Chong Heong, CEO of 


Walking our talk 

Teams that play together, 

work together. 

A h u g e t ro o p o f 2 0 0 

employees from Keppel 

Land hiked up Fort 

Canning Park together 


The inaugural mass walk 

was part of quarterly staff 

get-together activities 

organised by the Staff 

Welfare Committee and 

Human Resources team to 

encourage staff bonding. 

While getting to know 

each other better, staff also 

benefited from the physical 

workout. 

Over at K-REIT Asia, the 

team also came together 

on 6 December 2011 for 

a day of sea, sun and fun. 

The day started with an 

engaging networking lunch 

with the K-REIT Asia’s Board 

of Directors before heading 

to a kelong. 

The team forged stronger 

bonds over games of 

charade. They also had an 

educational tour of the 

kelong, learning about 

aquaculture in Singapore 

and fished to their hearts’ 

content. keppelite 

Keppel Land’s quarterly staff get-together activities, such as the recent mass walk at Fort 

Canning Park, deepens camaraderie amongst employees 


42 Nurturing Communities Communities 

Keys to a better life 

The first set of 20 families received keys to their new homes at the Keppel-GK Eco Village on 25 November 2011 

Hearts overflowed with joy 

as 20 needy families received 

the keys to their new homes 

in the Keppel-GK Eco Village 


The ceremony, which took 

place amidst joyous cheers 

and well-wishes, concluded 

Phase 1 of the housing project 

jointly undertaken by Keppel, 

the charity organisation 

Gawad Kalinga (GK) and 

the local government of the 

Municipality of Bauan in 

Batangas, Philippines. 

Resident and Community 

Organiser of the Eco Village, 

Rolilando M. Macalipay, 

shared, “With colourful 

houses and blossoming 

mango trees, the Eco 

Village is a cheery living 

environment. I am so glad to 

have a home here. This is a 

healthy environment for my 

children to grow up in.” 

Guest-of-honour, Bauan 

Mayor Ryanh M. Dolor, 

said, “My dearest 

beneficiaries, I appeal to 

you to please protect and 

maintain the peacefulness 

and magnificence of this 

community. My warmest 

gratitude to the joint forces 

of Keppel and Gawad Kalinga 

for helping to bring about 

the success of the Eco Village 

housing project.” 

Keppel Batangas Shipyard 

leads Keppel Group’s 

efforts in the development 

of the estate. Keppel had 

provided seed funding 

for building materials and 

other construction needs. 

Its employees have actively 

volunteered in the building 

process. The local government 

had contributed the land for 

the development. 

The Eco Village has also 

deepened social ties within 

the local community, 

bringing together volunteers 

from schools including De La 

Salle -Lipa, Batangas State 

University, civic groups from 

Batangas and Lipa City as 

well as the Philippine Air 

Force. 

At the ceremony, ten 

active volunteers were 

presented with certificates 

of appreciation. One of 

them was Chairman of 

host community Barangay 

Inicbulan, Maricho Ramos. 

He said, “We are very 

fortunate to have this 

community building project 

in our area. We are not just 

changing the landscape, 

we are changing lives. It is 

truly rewarding to be part 

of this transformation and 

witness the joy it brings to 

the beneficiaries.” 

Active involvement in building 

their own homes has also led 

the beneficiaries to nurture 

a strong sense of belonging 

to their new community. Todate, 

the 20 families have 

each poured some 1,000 

man-hours at the Eco Village, 

while another 15 families 

have each contributed more 

than 500 man-hours. 

Mr Stefan Tong, Executive 

Vice President of Keppel 

Philippines Marine, said, 

“Keppel is pleased with the 

opportunity to help drive 

such a meaningful project. I 

urge all of you to continue in 

your support for the Keppel- 

GK Eco Village. The second 

phase of construction has 

already started. We look 

forward to its completion 

in the first quarter of next 

year. 

“With so many loving hands 

on deck, I am confident 

that this 60-unit Eco Village 

will not only significantly 

better the lives of its future 

residents, but also serve as 

an inspiration for community 

outreach.” keppelite 


Nurturing Communities 43 

Window to the world 

In support of Words on 

Wheels (WoW), a mobile 

library project, 15 Keppelites 

headed to Chuong My 

District in Hanoi, Vietnam, 

from 9 to 12 December 2011 

to volunteer in the project. 

WoW is sponsored by 

Keppel Land and managed 

in partnership with the 

Singapore International 

Foundation and the Hanoi 

Public Library. It aims to 

provide Hanoi’s village 

children with a window to 

the world by building up a 

culture of reading and selflearning, 

and to bridge the 

urban-rural resource divide. 

During their visit, the 

volunteers organised telematches, 

dances and indoor 

educational activities for the 

children, aged six to 13. 

The trip left such a positive 

and memorable impression 

that several volunteers 

indicated their interest in 

future participation and were 

keen to rally the support of 

more colleagues. 

Emmulin Wee, Executive, 

Investor Relations and 

Research, Keppel Land, 

s a i d , “ I t h a s b e e n a 

fulfilling and heart-warming 

experience for me. As a 

Singaporean growing up 

in a different environment, 

it was humbling to see the 

Vietnamese children being so 

appreciative over our small 

gestures. The smiles on the 

children’s faces made all our 

efforts worthwhile.” 

Echoing these sentiments, 

Gooi Linghuey, Project 

Engineer, Keppel FELS, said, 

“WoW has been a remarkable 

experience. I embarked on 

this trip hoping to make a 

small difference to the lives 

of the Vietnamese children, 

but they taught me how to 

appreciate life and find joy in 

simplicity instead! It has been 

a touching journey and well 

worth all the efforts we have 

put in for the trip.” 

Xu Youqing, Engineer, Keppel 

Energy, added, “To share the 

joy and excitement with 

the children by being a kid 

again was an entirely new 

experience which will remain 

as fond memories for many 

of us.” 

Keppelites also donated 

over 300 pre-loved children’s 

books to the Hanoi Public 

Library, and stationery gift 

sets to a school. keppelite 

Keppel Group organised its first overseas volunteer trip to Hanoi in support of Words on Wheels, Singapore’s first mobile library project in Vietnam 


44 Nurturing Communities 

Touching lives 

As a responsible corporate 

citizen, Keppel supports 

worthy causes that help 

the disadvantaged. Across 

the globe, Keppelites are 

spreading good will and 

cheer to those who need 

it most. 

Walking tall 

Keppelites and beneficiaries 

from the Association for 

Persons with Special Needs 

(APSN), Keppel’s adopted 

charity, took to the streets 

on 26 November 2011, 

in a walkathon organised 

by the Children’s Charities 

Association (CCA). 

The annual event, which 

comprises a 1.5km walk 

along Orchard Road and a 

fair, raises funds for more 

than 75,000 less fortunate 

children under the care of the 

CCA’s six member charities, 

including APSN. 

Ridding barriers 

To raise awareness of the 

physical barriers that the 

disabled face in their daily 

commute, and the importance 

of improving accessibility 

for the wheelchair-bound, 

K e p p e l C o r p o r a t i o n 

contributed $15,000 towards 

the Handicaps Welfare 

Association (HWA) Mobility 

Day on 3 December 2011 . 

The event presented a 

platform where stakeholders 

in urban-planning and 

members of the public 

Ms Indranee Rajah, MP for Tanjong Pagar/Tiong Bahru GRC (second from left) acknowledges Keppel’s support of the Handicaps Welfare 

Association Mobility Day 2011 by presenting a token of appreciation to Ms Cindy Lim, GM of Group Human Resources, Keppel Corporation 

(far left) 

were given opportunities to 

experience and understand 

the need to create an 

accessible environment for 

the disabled and elderly. 

Massage therapy 

Some 60 employees from 

Keppel Land enjoyed a mobile 

massage by members from 

the Singapore Association 

of the Visually Impaired 


The massage activity was 

organised as part of Keppel 

Land’s quarterly lunch time 

activities and is a way in 

which Keppel Land supports 

worthy social causes. 

Gifts of joy 

Over in Brazil, Keppel 

Singmarine Brasil made a 

donation to a local municipal 

school, Escola Municipal 

Izilda Reiser Mafra, in support 

of the school’s Christmas and 

New Year’s parties. 

On 2 December 2011, some 

200 students from the school 

were paid a surprise visit 

by Santa Claus who bore 

gifts that were prepared 

by employees of Keppel 

Singmarine Brasil. 

Mr Tan Chong Kee, GM, 

Keppel Singmarine Brasil, 

said, “At Keppel, we 

always look to support the 

communities in which we 

operate. We are delighted 

to be able to contribute 

to this meaningful cause 

which gives our staff at 

Keppel Singmarine Brasil an 

opportunity to interact with 

the local community.” keppelite 

Keppel Singmarine Brasil’s employee Mr Nazareno Bett Dal Bo dressed up as Santa Claus and 

arrived with presents for school children in Navegantes 



Season of giving 

True to its tradition and in the 

spirit of the festive season, 

Keppel Volunteers led several 

activities in December 2011 

to enrich the lives of the 

less fortunate. 

Comforting presence 

To b r i n g c h e e r a n d 

friendship to needy elderly, 

and to improve their living 

conditions, Keppel Volunteers 

has been supporting a home 

maintenance programme in 

Telok Blangah district since 

July this year. 

In addition to its regular 

efforts to spruce up the 

homes of the elderly, Keppel 

Volunteers organised the 

donation of new beds 

and mattresses to over 

2 0 b e n e f i c i a r i e s o n 


Madam Lim Ai Tee was all 

smiles when she received new 

beds sponsored by Keppel 

Offshore & Marine. As the 

68-year-old had not been 

able to afford mattresses 

for herself and her mentally 

disabled son, both mother 

and son had been sleeping 

on the floor in their oneroom 

HDB rental apartment. 

With the new beds, the 

family can now look forward 

to more restful nights. 

Nurturing hope 

Keppel Volunteers’ adopted 

charity, the Association for 

Persons with Special Needs 

(APSN), has been conducting 

baking classes for its 

beneficiaries, empowering 

them with practical skills to 

earn an income. 

Supporting APSN’s efforts 

to inculcate self-reliance 

in its beneficiaries, Keppel 

Volunteers organised Bake 

Sales for the muffins and 

cookies prepared by the 

beneficiaries over the past 

few months. 

At the most recent Bake Sale 

on 7 December 2011, over 

150 boxes of chocolate chip 

cookies were sold, raising 

some $2,500 for the charity. 

keppelite 

Warming hearts 

Well wishes, dedicated 

to the staff and children 

of the Spastic Children’s 

Association of Singapore 

(SCAS), adorn Keppel’s 

tree of good tidings online 

at www.kepcorp.com/ 

ecard2011_kgroup. 

The online site is part 

of Keppel’s effort to 

spread the warmth of 

t h e h o l i d a y s t o t h e 

underprivileged. Through 

its year-end e-greeting 

card, Keppel had invited its 

friends to post a message 

at the site. 

In addition, the Group 

donated $20,000 to 

the SCAS to support 

rehabilitation programmes 

for children diagnosed 

with cerebral palsy.` 

Keppel invited its friends to convey their well wishes to the Spastic Children’s 

Association of Singapore via an online portal 

Keppel Volunteers stayed true to tradition, bringing cheer to needy elderly with its regular home maintenance programme 


46 Nurturing Communities 

Hello to a greener 2012 

With a new year comes new resolutions. Keppelites across the Group share their 

green aspirations and actions for the new year to build a more sustainable future. 

“I have been using ‘Bobble 

Bottle’ – a reusable water 

bottle that filters water 

as you drink – for almost 

two years now. I plan to 

continue using it in the future 

and will spread the green 

word by encouraging my 

friends and family to use it too.” 

Dejana Deljanin 

HR manager, Keppel Seghers UK 

“I make an effort to sort 

recyclable materials and use 

the recycling bins that are near 

my home. Recycling helps to 

conserve precious resources. 

Also, when a material is recycled 

into a new product, the process 

generally consumes less energy 

than when such products are 

made from raw materials.” 

Yap Chor Hian 

Manager, Supply Chain Management, 

Keppel Logistics 

“I intend to always have 

with me a reusable shopping 

bag. This will ensure that I 

can turn away plastic bags 

from grocery, departmental 

and convenience stores. 

According to the Singapore 

Environment Council, more 

than 2.5 billion plastic bags 

are thrown away every year in Singapore! By using 

reusable bags, we can make a big difference to the 

amount of waste our society generates.” 

Daphne Ng 

HR Assistant, Group Human Resources, 

Keppel Corporation 

“I will make a more 

conscientious effort to 

reuse, reduce and recycle, 

and encourage my friends 

and colleagues to do the 

same. By doing this, I 

hope to reduce our ‘waste 

footprint’ which according 

to National Environment 

Agency is an average of 1,280 kilograms of waste per 

person in Singapore in 2010.” 

Ethan Quek 

Executive, Contracts, Keppel FMO, and Committee, 

Keppel Volunteers 



“Eating meat results in a higher carbon footprint than eating non-meat products, so I plan 

to eat less meat and more vegetables. If the global population shifts to a low-meat diet, 

farmland would be freed up, and vegetation growing on this land would absorb more carbon 

dioxide. Millions of tonnes of methane, a potent greenhouse gas produced by cattle, would 

be prevented every year.” 

Grace Tan 

Executive, Corporate Development (Organisational Development), 

Keppel Integrated Engineering 

“Emissions from motor 

vehicles are one of the 

largest sources of air 

pollution. Thus, we should 

all try to walk or cycle for 

short distances. If I am not 

rushing for time, I intend 

to make cycling my main 

mode of transport. This plan allows me to protect 

the earth whilst keeping fit! ” 

Yau Tuck Wai 

Engineer, Keppel Shipyard 

“Recycling plastic bottles 

is my 2012 mission. Plastic 

bottles are extremely 

ubiquitous these days. 

Everything and anything, 

from beverages and 

cooking ingredients to 

cosmetics and medicine, 

are sold in them. While 

they are useful, they are 

environmentally unfriendly 

as most plastics are non-biodegradable and much end 

up taking up space in landfills for a long time.” 

Loh Kee Huat 

GM, Prime Steelkit, and President, 

Keppel Young Leaders 

“In 2012, I will step up my 

recycling efforts, even if I 

have to go out of my way 

to locate recycling points. 

Fortunately, the number 

of recycling stations in 

Singapore is set to increase. 

For example, instead of 

the present arrangement 

of one bin for every five public housing blocks with 

weekly collection, there will be one recycling bin 

for every block.” 

Gerard Lim 

Graduate Engineer, Process Excellence, Keppel FELS 

“Energy conservation 

helps to reduce the 

consumption of fossil 

fuels, which in turn 

helps to minimise global 

warming. To do my part, I 

install energy saving lights 

at home, and apply the 

same principle at work 

through the use of energy 

saving bulbs and sensors at Marina at Keppel Bay. For 

the new year, I look forward to adopting more green 

technologies at both places.” 

Trevor Fong 

GM, Marina at Keppel Bay 


48 

BackPage 

Keppel secures US$809 million 

contract for new DSS 38E rig 

This brings Keppel Offshore & Marine’s new orders for the year-to-date to $9.8 billion. 


(Keppel O&M), through 

its subsidiary Fernvale Pte. 

Ltd., has secured a contract 

worth approximately 

US$809 million from Urca 

Drilling B.V., a subsidiary 

of Sete Brasil Participações 

S.A. (Sete Brasil), for the 

design and construction of 

a semisubmersible (semi) 

drilling rig based on Keppel’s 

proprietary DSS 38E 

design. 

T h e D S S 3 8 E i s a n 

enhancement of Keppel’s 

proven fifth generation 

deepwater solution, the 

DSS 38. With improved 

capability and operability, 

it is designed to meet the 

stringent requirements of 

the deepwater “Golden 

Triangle” region, comprising 

Brazil, Africa and the Gulf of 

Mexico. 

Scheduled for delivery in 4Q 

2015, the rig is intended 

to support the exploration 

o f B r a z i l ’s e s t i m a t e d 

50 billion barrels of deep-sea 

oil and gas reserves. Brazil is 

currently the world’s 11th 

largest oil producer and is 

expected to be in the top 

five by 2020. Its national 

oil company, Petrobras, has 

plans for $224 billion in 

capital expenditure from 

2011 to 2015. 

Sete Brasil specialises in 

chartering drilling rigs for 

Brazil’s pre-salt exploration. 

Mr Joao Carlos Ferraz, 

CEO of Sete Brasil, said, 

“Keppel designed rigs have 

an established track record 

of operating efficiently in 

their respective fields and 

we are confident that the 

DSS 38E rig will be well 

suited for offshore Brazil. As 

we grow our fleet of drilling 

rigs to meet the demands of 

our customers, partnering 

reliable shipyards which can 

deliver quality rigs on time 

and within budget is an 

imperative for us.” 

Mr Chow Yew Yuen, Keppel 

O&M’s MD and President of 

the Americas said, “We are 

proud that our proprietary 

DSS 38E design has 

been chosen by Sete Brasil 

as their first semi. It is an 

enhancement of the design 

from our first two drilling rigs 

built for Brazil, Gold Star and 

Alpha Star. 

“We are pleased to be able 

to partner Sete Brasil in 

developing drilling solutions 

for Brazil’s deepwater oil 

fields. Having delivered 

several key projects such 

as the P-52, P-51 and P-56 

that have increased Brazil’s 

production capabilities, we 

look forward to developing 

rigs that will further boost 

Brazil’s offshore drilling 

resources. 

“Having a proven shipyard 

in Brazil also ensures that we 

are able to satisfy any local 

content requirements. With a 

suite of proprietary deepwater 

drilling rig designs and more 

than 30 years of experience 

participating in Brazil’s oil 

and gas industry, we aim to 

provide cost-effective and 

value-added propositions for 

Brazil’s offshore and marine 

industry.” 

Jointly developed and owned 

by Keppel’s Deepwater 

Technology Group and 

Marine Structure Consultants, 

the DSS 38E design is 

in the league of some of 

the world’s most advanced 

drilling semisubmersibles. 

Keppel operates one of 

the most comprehensive 

shipyards, BrasFELS, in 

Brazil. The yard’s current 

projects include the repair 

and upgrade of Noble’s two 

Brazil-based drillships as well 

as the construction of the 

first Tension Leg Wellhead 

Platform (TLWP), P-61 for 

the Papa-Terra field in Brazil’s 

Campos Basin for Petrobras 

and Chevron. keppelite 

Well suited for offshore Brazil, the DSS 38E is an enhancement of the design of Keppel’s 

first two drilling rigs built for Brazil, Gold Star and Alpha Star, (pictured above) which are 

successfully operating in offshore Brazil 

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December 2011 - Keppel Corporation

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