January - February - Jurong Shipyard Pte Ltd
January - February - Jurong Shipyard Pte Ltd
January - February - Jurong Shipyard Pte Ltd
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Jan-Feb 2011 MICA (P) 023/07/2010<br />
Marking a Historic Milestone<br />
with EDB<br />
Delivery of El Qaher II<br />
Newbuilding and Upgrading Orders for<br />
Sembcorp Marine Yards<br />
Record Performance for FY2010
COVER STORY<br />
Marking a historic milestone with EDB<br />
Relay runners together with management from Sembcorp Marine and Sembcorp Industries.<br />
Marking the start of the relay run at Exxon Mobil.<br />
All smiles as the relay party raced towards <strong>Jurong</strong><br />
<strong>Shipyard</strong>.<br />
Sembcorp Marine is proud to<br />
be chosen by the Economic<br />
Development Board (EDB) as a<br />
partner in its 50th Anniversary<br />
Heritage Relay on <strong>January</strong> 18, 2011.<br />
The Group’s subsidiary <strong>Jurong</strong><br />
<strong>Shipyard</strong> was selected as one of 50<br />
iconic locations for the EDB Heritage<br />
Relay due to its rich maritime<br />
heritage and historic significance.<br />
We are almost there!<br />
A key industry pioneer, Sembcorp Marine has<br />
made vital contribution to Singapore’s economic<br />
progress since the early years of the country’s<br />
independence. <strong>Jurong</strong> <strong>Shipyard</strong> − Singapore’s<br />
fi rst commercial shipyard − was established in<br />
1963 as a joint-venture between EDB and Japan’s<br />
Ishikawajima-Harima Heavy Industries (IHI), in line<br />
with the government’s industrialisation strategy.<br />
Welcoming the arrival of the team at <strong>Jurong</strong> <strong>Shipyard</strong>.<br />
Sprinting towards the pit-stop.<br />
02<br />
Jan-Feb 2011
COVER STORY<br />
Handover of batons to Mr Lim Kok Kiang, EDB’s Director for Transport<br />
Engineering and Asia Pacific, watched on by Mr Ng Meng Poh, Sembcorp<br />
Industries’ Executive Vice President and Head, Singapore and ASEAN (Utilities).<br />
Mr Lee Yeok Hoon, <strong>Jurong</strong> <strong>Shipyard</strong>’s Executive Director, receiving the baton<br />
from Mr Lim Kok Kiang to mark Sembcorp Marine’s close partnership with<br />
EDB.<br />
An EDB representative receiving the baton for the<br />
next leg.<br />
As part of the Group’s participation, a<br />
contingent of 30 representatives from<br />
Sembcorp Marine and parent company<br />
Sembcorp Industries joined the EDB team as<br />
they journeyed from Exxon Mobil to <strong>Jurong</strong><br />
<strong>Shipyard</strong>’s Tanjong Kling yard.<br />
When they entered the yard, the runners<br />
were welcomed by the hearty cheers and<br />
rousing applause of supporters as they jogged<br />
towards the corporate offi ce where they were<br />
greeted by Mr Lim Kok Kiang, EDB’s Director<br />
Escorting the outgoing team to their next relay<br />
point.<br />
for Transport Engineering and Asia Pacifi c,<br />
Mr Ng Meng Poh, Sembcorp Industries’<br />
Executive Vice President and Head, Singapore<br />
and ASEAN (Utilities), and Sembcorp Marine’s<br />
representative Mr Lee Yeok Hoon, Executive<br />
Director of <strong>Jurong</strong> <strong>Shipyard</strong>.<br />
After the baton handover ceremony,<br />
Sembcorp Marine’s representatives led the<br />
outgoing contingent of EDB and <strong>Jurong</strong> Town<br />
Corporation runners through the yard as they<br />
made their way to the next destination.<br />
The send-off party from Sembcorp Marine.<br />
To mark the close of the Heritage Relay,<br />
representatives of the Group joined runners<br />
from other participating companies during<br />
the final leg from the Esplanade Park to<br />
EDB’s corporate office at Raffles City<br />
Tower.<br />
Mr WS Wong, President and CEO of<br />
Sembcorp Marine, was also at the end<br />
point to welcome the Group’s runners and<br />
to show his support for this meaningful<br />
event.<br />
Sembcorp Marine’s contingent flashing their winning smiles after completing<br />
the final leg of the Heritage Relay.<br />
Strong support: Mr WS Wong, President and CEO of Sembcorp Marine, was<br />
among the stakeholders present at the close of the event at EDB.<br />
Jan-Feb 2011<br />
03
YARD NEWS<br />
Altair Voyager - First Alliance Repair for 2011<br />
Arriving for repairs.<br />
Altair Voyager takes off to the next destination.<br />
<strong>Jurong</strong> <strong>Shipyard</strong> and its alliance partner Chevron<br />
Shipping Company partnered closely to achieve the<br />
successful repair completion of Altair Voyager in<br />
<strong>January</strong> 2011.<br />
Altair Voyager, the fi rst alliance overhaul for the year, called at <strong>Jurong</strong><br />
<strong>Shipyard</strong> in December 2010 for a series of repair and maintenance works.<br />
The 135,829 dwt oil tanker, measuring 258.90m x 48.30m x 25.16m,<br />
underwent routine works comprising repairs on its ballast tanks, fore<br />
peak tank as well as the slop tank heating coils. Before departing, the<br />
tanker further received overhaul works to the main engine and steam<br />
expansion joints as well as hull blasting and painting.<br />
Undergoing overhaul in the yard.<br />
The incident-free repair success is yet another testament to the solid<br />
teamwork between the <strong>Jurong</strong> and Chevron teams as well as their<br />
continuous commitment towards achieving Health, Safety, Security and<br />
Environment (HSSE) excellence.<br />
Chevron-<strong>Jurong</strong> alliance team marking the incident-free repair achievement.<br />
04<br />
Jan-Feb 2011
YARD NEWS<br />
Visit by Kota Sisters<br />
Pacific International Lines sister containerships Kota Ratu and Kota Rukun were spotted in <strong>Jurong</strong> <strong>Shipyard</strong> in<br />
<strong>February</strong> 2011 when they called for repair and maintenance.<br />
The 13,064 dwt Kota Ratu and 13,058 dwt<br />
Kota Rukun, both measuring 144.00m x<br />
22.60m x 10.80m, received similar repair jobs<br />
during their stopover. Major works performed<br />
by the yard included steel repairs in various<br />
locations, cell guide repairs in various cargo<br />
holds, and routine underwater and engine<br />
room repairs.<br />
As part of their makeover, Kota Ratu and Kota<br />
Rukun also underwent blasting and painting<br />
works prior to their scheduled departures in<br />
early March.<br />
Kota Rukun regains strength.<br />
Kota Ratu receiving repair treatment.<br />
Meeting with Mare Mas<br />
<strong>Jurong</strong> <strong>Shipyard</strong> welcomed<br />
the arrival of the 8,100 dwt<br />
containership Mare Mas which<br />
docked at the yard for routine<br />
maintenance works in <strong>January</strong><br />
2011.<br />
The 119.9m x 21.8m x 7.2m Indonesian vessel,<br />
owned by the yard’s long-term customer PT<br />
Pelayaran Tempuran Emas TBK, underwent a<br />
series of repairs, including tailshaft withdrawal<br />
and renewal of aft seals.<br />
Before setting off in early <strong>February</strong>, the vessel<br />
received full blasting works and a fresh<br />
application of paint to her hull to further enhance<br />
her appearance and performance.<br />
Mare Mas taking time out.<br />
Jan-Feb 2011<br />
05
YARD NEWS<br />
Polishing Stolt Topaz<br />
The 176.80m x 32.25m x 15.00m Stolt Topaz called at <strong>Jurong</strong> <strong>Shipyard</strong> in mid <strong>February</strong> 2011 to undergo a<br />
series of drydocking works as part of her maintenance schedule.<br />
The list of repairs lined up for the 38,818 dwt tanker owned by Stolt Tankers B.V. included funnel top steel renewal, ISO tank repair, tank blasting as well as<br />
hull blasting and coating.<br />
With the strong synergy between the <strong>Jurong</strong> team and the crew from Stolt Topaz led by Superintendent Mr Johansen, the vessel made smooth progress and<br />
is on track for departure in early March 2010.<br />
Stolt Topaz rearing to go.<br />
All set to perform and shine.<br />
Rekindling Doric Spirit<br />
<strong>Jurong</strong> <strong>Shipyard</strong> hosted Doric<br />
Spirit, a 190.00m x 32.30m x<br />
17.00m, 53,609 dwt bulk carrier<br />
belonging to Chios Navigation<br />
Hellas <strong>Ltd</strong>, during her repair stop<br />
at end <strong>February</strong> 2011.<br />
The repair package for Doric Spirit included major<br />
overhaul works, comprising steel repairs, cleaning<br />
of fuel oil tanks, re-positioning of the panama<br />
chocks, renewal of seawater pipes as well as<br />
overhauling of the windlass and mooring winch<br />
coupling.<br />
The yard also carried out main engine bearings<br />
inspection, underwater works as well as hull<br />
blasting and painting to ready the vessel for her<br />
scheduled departure in early March.<br />
Doric Spirit charged up and refreshed.<br />
06<br />
Jan-Feb 2011
SCM : AROUND THE YARDS<br />
Atwood Orders Third Jack-up from PPL <strong>Shipyard</strong><br />
PPL <strong>Shipyard</strong>, a subsidiary of Sembcorp Marine, has signed another turnkey contract in <strong>January</strong> 2011 with<br />
Atwood Oceanics Pacific Limited, a wholly owned subsidiary of Atwood Oceanics Inc, to build a third jack-up<br />
rig valued at up to US$182 million.<br />
Scheduled for delivery at end June 2013,<br />
the jack-up rig is the fi rst of a series of three<br />
jack-up options that PPL <strong>Shipyard</strong> granted to<br />
Atwood Oceanics Pacifi c in October 2010.<br />
To be built based on PPL <strong>Shipyard</strong>’s latest<br />
Pacifi c Class 400 proprietary design, the new<br />
jack-up will have similar specifi cations to the<br />
two earlier rigs ordered by Atwood Oceanics<br />
Pacifi c. These rigs represent the latest<br />
generations of high-specifi cation jack-up drilling<br />
rigs with greater capacities and capabilities<br />
than current conventional units.<br />
PPL <strong>Shipyard</strong> Delivers El Qaher II<br />
on Schedule<br />
On completion, these new rigs will be capable<br />
of operating in waters of 400 feet and drilling to<br />
depths of 30,000 feet. They will offer improved<br />
drilling effi ciencies with offl ine pipe handling,<br />
simultaneous operations support and increased<br />
accommodation capacity.<br />
The three rigs on order by Atwood Oceanics Pacific<br />
will be built based on PPL <strong>Shipyard</strong>’s new proprietary<br />
Pacific Class 400 jack-up design shown above.<br />
Delivery on schedule: El Qaher II, the second of two proprietary Pacific Class 375 design jack-up rigs built for<br />
Egyptian Offshore Drilling Company by PPL <strong>Shipyard</strong>.<br />
PPL <strong>Shipyard</strong>, a subsidiary of Sembcorp Marine, marked its first jackup<br />
rig delivery in 2011 with the on-schedule handover of El Qaher II to<br />
Egyptian Offshore Drilling Company (EODC) at end <strong>February</strong> 2011.<br />
El Qaher II is the second jack-up rig built by PPL <strong>Shipyard</strong> for EODC following the delivery of sister<br />
rig El Qaher I in December 2010. The rig is the 23 rd jack-up unit delivered by PPL <strong>Shipyard</strong> based on<br />
its proprietary Pacifi c Class 375 design and is capable of drilling high-pressure and high-temperature<br />
wells of 30,000 feet as well as operating in water depths of 375 feet, with accommodation for 120<br />
crew members. Scheduled for sailaway in early April, El Qaher II will be deployed for operations in<br />
the Mediterranean region.<br />
Dr Benety Chang, Deputy Chairman of PPL<br />
<strong>Shipyard</strong>, said: “We are pleased that Atwood<br />
Oceanics has chosen to exercise this fi rst<br />
option granted by PPL <strong>Shipyard</strong>. This contract<br />
reaffi rms the confi dence in the jack-up rig<br />
market and in particular for high-specifi cation<br />
premium quality drilling rigs.”<br />
Mr Rob Saltiel, President and CEO of Atwood<br />
Oceanics, commented: “Our decision to<br />
exercise this option refl ects continued<br />
confi dence in the Pacifi c Class 400 rig<br />
design and our satisfaction thus far with the<br />
construction progress of our fi rst two rigs at<br />
the PPL <strong>Shipyard</strong>. In addition, we believe that<br />
by committing early in the build cycle, Atwood<br />
has procured these three high-specifi cation<br />
jack-ups at an attractive price.”<br />
Jan-Feb 2011<br />
07
SCM : AROUND COVER SCM : NEWS STORY THE YARDS<br />
Sembawang <strong>Shipyard</strong> Clinches S$215M Newbuilding<br />
and Upgrading Contracts<br />
Sembawang <strong>Shipyard</strong>, a subsidiary of Sembcorp Marine, has secured a newbuilding and three major upgrading<br />
contracts totalling S$215 million in <strong>January</strong> 2011, reinforcing its reputation as a world leading shipyard for ship repair,<br />
ship conversion and specialised offshore newbuilding.<br />
Newbuilding of DP Bluewater<br />
Research Vessel<br />
The fi rst contract for the Engineering,<br />
Procurement, Construction and Commissioning<br />
(EPCC) of a dynamically positioned bluewater<br />
research vessel for Australia was awarded<br />
by Teekay Shipping (Australia) Pty <strong>Ltd</strong>. The<br />
Commonwealth Scientifi c and Industrial<br />
Research Organisation (CSIRO), Australia’s<br />
national science agency and one of the largest<br />
and most diverse research agencies in the<br />
world, will operate the vessel on behalf of the<br />
Australian Government for use by the Australian<br />
marine research community.<br />
Sembawang <strong>Shipyard</strong> secured this S$123<br />
million specialised newbuilding contract based<br />
on the shipyard’s capabilities and established<br />
track record in the highly specialised and<br />
sophisticated sector of niche and customised<br />
vessel newbuilding. In particular, dynamically<br />
positioned and fi t-for-purpose vessels require<br />
able design, engineering and project management capabilities, high<br />
Health, Safety and Environment (HSE) standards, proven EPCC expertise<br />
and strong organisational capabilities.<br />
Upon completion and delivery in the second quarter of 2013, the vessel<br />
will be named RV Investigator and will provide a safe and advanced<br />
diverse marine science capability to Australia. Based in Hobart, Tasmania,<br />
the vessel will operate from the tropical north to the Antarctic ice-edge<br />
and across the Indian, Southern and Pacifi c oceans.<br />
Mr David Parmeter, Managing Director of Teekay Shipping (Australia)<br />
Pty <strong>Ltd</strong>, said: “Sembawang <strong>Shipyard</strong> is our valued partner in Singapore<br />
and has strongly supported us throughout the due diligence process to<br />
CSIRO. We are confi dent that our close partnership and collaboration will<br />
lead to the timely and safe delivery of the state-of-the-art new research<br />
facility to comply with CSIRO’s stringent operating standards for multidisciplinary<br />
research activities at sea.”<br />
Dr Andrew Johnson, Group Executive − Environment, CSIRO, said:<br />
“The award of this contract is an important part of a four-year process<br />
by CSIRO through the “Future Research Vessel Project” to build a new<br />
and highly advanced research vessel. RV Investigator will signifi cantly<br />
boost the oceanographic, geoscientifi c, fi shery, and ecosystem research<br />
capability available to Australian marine researchers. The new vessel<br />
will deliver benefi ts to many Australian agencies and underpin science<br />
Contract signing at CSIRO office in Hobart, Tasmania by key stakeholders from CSIRO and Teekay Shipping as<br />
well as representatives from Sembawang <strong>Shipyard</strong>, including Managing Director Mr Ong Poh Kwee.<br />
discoveries from Southern Hemisphere marine environments. We have<br />
selected Sembawang <strong>Shipyard</strong> and Teekay Shipping as the right partners<br />
for CSIRO through a rigorous evaluation process and have full confi dence<br />
that both companies will together deliver our new vessel to our required<br />
standards.”<br />
Upgrading Contracts<br />
Sembawang <strong>Shipyard</strong> was also awarded three major upgrading projects<br />
with a total contract value of S$92 million comprising: 1) an upgrade of a<br />
dynamically positioned heavy-lift and pipelay vessel with a lifting capacity<br />
of up to 4,400 tons from a leading engineering, procurement, construction<br />
and installation company, 2) a LNG carrier longevity project and 3) an<br />
upgrade of a drillship.<br />
Mr Ong Poh Kwee, Managing Director of Sembawang <strong>Shipyard</strong>, said: “We<br />
would like to thank our partners and customers for selecting Sembawang<br />
<strong>Shipyard</strong> to execute these prestigious and important contracts and for<br />
their trust and confi dence in our capabilities. Each of these projects<br />
demand strong engineering and project skills to be executed in a safe<br />
environment and at a time when the shipyard is near completion of our<br />
infrastructural enhancement programme. Our commitment to our partners<br />
will be demonstrated in timely, quality and effi cient turnaround of projects.<br />
We look forward to delivering mutual benefi ts and value propositions to<br />
our world-class customers.”<br />
08<br />
Jan-Feb 2011
Another Year of Record Net Profit At $860M<br />
Sembcorp Marine achieved another year of record performance with net<br />
profit increasing 23% to a high of $860 million in 2010.<br />
SCM : AROUND THE YARDS<br />
Group turnover at $4,555 million was 20% lower<br />
as compared with $5,725 million in 2009. The<br />
lower turnover was attributable mainly to lower<br />
progressive revenue recognition for rig building,<br />
ship conversion and offshore projects as well as<br />
lower variation order settlement in 2010 versus<br />
2009.<br />
Combined media and analysts results briefing on<br />
<strong>February</strong> 23, 2011.<br />
Group operating profi t at $943 million was 9%<br />
higher as compared with $862 million in 2009. The<br />
higher operating profi t was due to the resumption<br />
of margin recognition arising from the sale of the<br />
CJ70 harsh environment jack-up rig as well as<br />
the execution of repeat rig orders for customers<br />
during the year.<br />
At pre-tax level, Group profi t increased 19% to<br />
hit a record high of above the $1 billion mark for<br />
the fi rst time at $1,078 million from $908 million<br />
in 2009. The increase was attributable to higher<br />
profi t margin and the receipt of settlement of<br />
the disputed foreign exchange transactions with<br />
Societe Generale during the year.<br />
Dividends<br />
In view of the record performance in 2010 and to<br />
reward shareholders for their continued interest<br />
and unwavering support of the Group amid the<br />
challenging operating environment in the past,<br />
the Board of Directors recommended a fi nal<br />
ordinary one-tier tax-exempt cash dividend of<br />
6.00 cents per share and a special one-tier taxexempt<br />
cash dividend of 25.00 cents per share.<br />
Total fi nal one-tier tax-exempt cash dividend will<br />
be 31.00 cents per share for the fi nancial year<br />
ended 31 December 2010.<br />
Mr WS Wong, President & CEO of Sembcorp<br />
Marine, interacting with analysts.<br />
Including the interim one-tier tax-exempt cash<br />
dividend of 5.00 cents per share paid on 31<br />
August 2010, the total fi nal dividend for FY 2010<br />
will be 36.00 cents per share, an increase of 140%<br />
over the 15.00 cents per share in FY 2009.<br />
The proposed final and special cash dividend, if<br />
approved at the Annual General Meeting to be held<br />
on April 20, 2011, will be paid on May 11, 2011.<br />
Outlook<br />
The Group has a net order book of S$4.8 billion<br />
with completion and deliveries stretching till the<br />
second quarter of 2013. This includes S$3.04<br />
billion in contract orders secured in 2010 and<br />
S$361 million worth of contracts secured since<br />
the start of 2011, excluding ship repair contracts.<br />
Although global recovery has improved in past<br />
months, recent events in the Middle-East and North<br />
Africa may create uncertainties in the world economy<br />
which may have an impact on businesses.<br />
For the oil and gas industry, the fundamentals<br />
remain intact with oil prices expected to sustain<br />
above US$80 per barrel. Exploration and<br />
production (E&P) spending budgets continue to<br />
show positive development with oil companies<br />
reporting intention to increase E&P spending<br />
further in 2011.<br />
Given the highly skewed ageing rig fl eet and the<br />
bifurcation in the jack-up market with oil companies<br />
increasingly focused on new, safer and effi cient<br />
rigs, demand for premium and high-specifi cation<br />
rigs is expected to remain strong. The Group has<br />
since the fourth quarter of 2010 secured eight<br />
fi rm orders of jack-up rigs amounting to S$2.0<br />
billion with options for another ten units.<br />
While drilling activities in the Gulf of Mexico have<br />
slowed pending fi nalisation of deepwater drilling<br />
regulations, deepwater drilling activities for the<br />
rest of the world are expected to increase. This<br />
optimism is refl ected in the number of newbuild<br />
orders, in particular for drillships, by drilling<br />
contractors since the last quarter of 2010.<br />
Sembcorp Marine, with its proven track record<br />
in deepwater rigs, will be well-positioned to<br />
capture new orders and meet the industry’s most<br />
stringent operating requirements.<br />
Overall enquiries have improved though<br />
competition remains keen. The ship repair market<br />
continues to improve with continued demand for<br />
Senior management on the panel.<br />
bigger docks. The Group has secured several<br />
long-term contracts from its customers, in<br />
particular in the niche segments for the repair,<br />
upgrading and life extension of LNG carriers<br />
and passenger/cruise vessels. These long-term<br />
customers will continue to provide a stable baseload<br />
for the Group’s ship repair sector.<br />
Financial Highlights<br />
Description<br />
($’m)<br />
FY<br />
2010<br />
FY<br />
2009<br />
%<br />
change<br />
Revenue 4,555 5,725 (20)<br />
Gross Profi t 1,129 986 15<br />
EBITDA 1,026 938 9<br />
Operating Profi t 943 862 9<br />
PATMI 860 700 23<br />
EPS, basic (cents) 41.55 34.02 22<br />
NAV (cents) 125.1 91.3 37<br />
Revenue<br />
(S$’m)<br />
Turnover by Sectors<br />
FY<br />
2010<br />
FY<br />
2009<br />
%<br />
Change<br />
Ship repair 646.1 705.9 (8.5)<br />
Rig building 3,047.8 3,634.7 (16.1)<br />
Ship conversion<br />
/offshore<br />
820.4 1343.3 (38.9)<br />
Others 40.6 40.8 (0.5)<br />
Total 4,554.9 5,724.7 (20.4)<br />
S$’m<br />
Jan-Feb 2011<br />
09
SCM : NEWS<br />
Recognition for Business Excellence<br />
Sembcorp Marine received recognition for being the top 6th Singapore company<br />
with the highest overseas revenue in DP Information Group’s Singapore<br />
International 100 (SI 100) Ranking published in <strong>January</strong> 2011.<br />
The Group was placed among the top performing<br />
companies in the latest SI 100 Rankings published<br />
by DP Information Group, co-produced by Ernst<br />
and Young and supported by the Accounting<br />
and Corporate Regulatory Authority, Infocommunications<br />
Development Authority of<br />
Singapore, International Enterprise Singapore,<br />
Standards Productivity and Innovation Board (SPRING<br />
Singapore) and Singapore Business Federation.<br />
In the SI 100 Ranking, Sembcorp Marine<br />
secured the 6th spot based on its overseas<br />
sales turnover of S$3,953,476,000 in 2010. DP<br />
Information Group’s Singapore 1000 Ranking,<br />
which tiered corporations based on various<br />
fi nancial indicators, also listed Sembcorp<br />
Marine, <strong>Jurong</strong> <strong>Shipyard</strong>, Sembawang <strong>Shipyard</strong>,<br />
SMOE and PPL <strong>Shipyard</strong> among the top 1000<br />
companies.<br />
Nomura Visit<br />
To foster closer ties with the investment community,<br />
Sembcorp Marine hosted a group of fund managers on<br />
<strong>February</strong> 14, 2011 during their visit to <strong>Jurong</strong> <strong>Shipyard</strong><br />
organised by Nomura.<br />
Delegates were given an introduction of Sembcorp Marine before<br />
proceeding for a yard tour, where they had a fi rst-hand view of the various<br />
operations in progress to gain a deeper understanding of the Group’s<br />
business and capabilities.<br />
Fund managers gaining a better understanding of the Group’s operations.<br />
PT SMOE Indonesia Hosts Visits by BP MiGas<br />
PT SMOE Indonesia (PTSI) was<br />
honoured to host two visits for BP<br />
MiGas, Indonesia’s state owned<br />
regulatory body governing upstream oil<br />
and gas activities, during the second<br />
week of <strong>February</strong> 2011.<br />
The first delegation led by BP MiGas Chairman Pak Ir Priyono (seventh from left) with PTSI senior<br />
management.<br />
The second group marking the end of a fruitful visit.<br />
The first visit led by the Group’s Chairman, Pak Ir<br />
Priyono, was conducted on <strong>February</strong> 9, 2011. The<br />
team of nine people toured the facility with keen<br />
interest in the progress of the Gajah Baru Project,<br />
one of the biggest offshore platforms fabricated and<br />
installed in Indonesia, and left feeling impressed with<br />
PTSI’s facilities and management.<br />
Two days later, the second entourage of 40,<br />
comprising BP MiGas personnel along with<br />
representatives from Chevron, ConocoPhillips,<br />
ExxonMobil and Total, toured PTSI and also gained<br />
insights into its product portfolio and operations<br />
after a series of corporate introductions and<br />
presentations.<br />
10<br />
Jan-Feb 2011
Making a Difference for a Greener Future<br />
HAPPENINGS<br />
Sembcorp Marine’s subsidiary Sembawang <strong>Shipyard</strong> set another new record for its Green Wave Environmental<br />
Care Project for Schools 2010, with a participation of 312 project entries received by 1,250 students from 77<br />
schools and institutions.<br />
With active involvement from schools and strong support from the private<br />
and public sector, this annual competition has seen a more than two-fold<br />
increase in participation rate since its launch eight years ago. The number<br />
of entries and participants have risen impressively by 166% and 99%<br />
respectively since the start<br />
of the competition in 2003,<br />
which saw 117 project<br />
entries from 627 students<br />
back then.<br />
Viewing the winning entries from the<br />
competition.<br />
An award presentation<br />
ceremony, graced by Guestof-Honour<br />
Dr Mohamad<br />
Maliki Bin Osman, Senior<br />
Parliamentary Secretary for National Development and MP for Sembawang<br />
GRC (Admiralty), was held on <strong>January</strong> 13, 2011 at Marina Mandarin Hotel<br />
to recognise the 49 winning teams, which won cash prizes ranging from<br />
$200 to $6,000.<br />
Opened to all students from Primary, Secondary, Junior Colleges and<br />
Institute of Technical Education (ITE) to Tertiary Institutions, the environment<br />
outreach programme is also jointly co-sponsored by Sembawang <strong>Shipyard</strong>’s<br />
alliance partners, Shell and BP Shipping, which sponsored the top awards<br />
for the Tertiary and JC/ITE levels as well as provided opportunities for<br />
development attachments in their companies.<br />
In his speech, Dr Mohamad Maliki Bin Osman commended Sembawang<br />
<strong>Shipyard</strong> for taking a pro-active role in nurturing and educating the younger<br />
generation on the importance of environmental care and protection.<br />
Mr Victor Savage, Chairman of the Green Wave Advisory Board and one<br />
of the judges, said that the judging panel was impressed by the quality<br />
of the submissions and the “depth of thought, practical knowledge and<br />
environment understanding” demonstrated by the students to address<br />
critical environmental issues and challenges.<br />
Mr Ong Poh Kwee, Deputy President of Sembcorp Marine and Managing<br />
Director of Sembawang <strong>Shipyard</strong>, said: “It is heartening to see more and<br />
more participants for the Green Wave Environment Competition each year as<br />
it shows that our student population is taking an increasingly proactive role<br />
in tackling environmental issues and sharing creative ideas on environmental<br />
care and protection.”<br />
During the event, Dr Mohamad<br />
Maliki Bin Osman and Mr Ong<br />
Poh Kwee also launched the<br />
Green Wave Environmental<br />
Care Competition 2011, to<br />
encourage students’ active<br />
involvement in developing<br />
creative solutions for<br />
environmental conservation.<br />
Sharing ideas with students on environmental<br />
care and protection.<br />
Primary<br />
Secondary<br />
Junior College/ITE<br />
Tertiary<br />
Launching of the Green Wave Environment Competition 2011 by Guest-of-<br />
Honour Dr Mohamad Maliki Bin Osman, Senior Parliamentary Secretary for<br />
National Development and MP for Sembawang GRC (Admiralty), together with<br />
Mr Ong Poh Kwee, Managing Director of Sembawang <strong>Shipyard</strong>.<br />
Prizes School Project Details<br />
1st<br />
Prize<br />
2nd<br />
Prize<br />
3rd<br />
Prize<br />
1st<br />
Prize<br />
2nd<br />
Prize<br />
3rd<br />
Prize<br />
2nd<br />
Prize<br />
3rd<br />
Prize<br />
3rd<br />
Prize<br />
3rd<br />
Prize<br />
Stamford<br />
Primary<br />
School<br />
Corporation<br />
Primary<br />
School<br />
Methodist<br />
Girls’ School<br />
Raffl es<br />
Institution<br />
Hwa Chong<br />
Institution<br />
Hwa Chong<br />
Institution<br />
ITE College<br />
West<br />
Hwa Chong<br />
Institution<br />
Ngee Ann<br />
Polytechnic<br />
Temasek<br />
Polytechnic<br />
ER@Stamford<br />
Hydro-electric<br />
Building (HEB)<br />
The Green Tote<br />
Go Safe the<br />
Green Way<br />
Recycling<br />
Waste Coffee:<br />
From Trash to<br />
Cash<br />
Piezoelectric<br />
Generator<br />
Wind Generator<br />
to Electrical<br />
Supply<br />
The Pressure<br />
Sensitive<br />
Thimble<br />
Washing<br />
Machine<br />
Recycling<br />
Water System<br />
CANs MEAN<br />
CAN!<br />
Endangered plants indigenous<br />
to Singapore were nurtured in<br />
Emergency Rooms (ER) using IV drips<br />
to promote environmental awareness<br />
and conservation.<br />
Kinetic energy from fast-fl owing water<br />
cascading down from tall buildings<br />
was harnessed to generate their own<br />
power supply.<br />
Plastic pouches were collected and<br />
made into fashionable tote bags to<br />
promote recycling and environmental<br />
conservation.<br />
A self-assembled wind turbine was<br />
retrofitted into a car as a generator<br />
to harness kinetic energy to power<br />
light strips when excessively bright<br />
headlights are not necessary.<br />
Waste coffee is recycled into useful<br />
products, including bio-diesel,<br />
absorbents and compost for industrial<br />
purposes as well as air freshener and<br />
an organic insect repellent for home<br />
uses.<br />
A handy and effi cient powering solution<br />
was developed using piezoelectric<br />
generators to harness body vibrations<br />
and movements to power appliances<br />
and portable applications.<br />
An “Air Tap” system was invented to<br />
generate electrical energy by tapping<br />
on wind from air conditioning towers<br />
mounted on top of buildings.<br />
A pressure sensitive thimble was<br />
invented to intuitively release a<br />
consistent rate of water fl ow from<br />
the tap.<br />
A fi ltering system was developed to<br />
recycle output water generated by<br />
washing machines for the next rinse<br />
and wash.<br />
Copper waste material from steel<br />
cans was treated to produce Fe 3+<br />
coagulant – a useful fl occulent for the<br />
treatment of waste water.<br />
Jan-Feb 2011<br />
11
HAPPENINGS<br />
Musical Journey with Marsiling Chinese Orchestra<br />
Marsiling Chinese Orchestra performing to an enthralled audience.<br />
Sembcorp Marine furthered its community outreach<br />
through the sponsorship of ‘Ling III – Time Rhapsody’,<br />
a concert put up by the Marsiling Chinese Orchestra<br />
(MCO) on <strong>January</strong> 14, 2011.<br />
Invited VIPs and guests enjoying the musical<br />
showcase.<br />
The performance, held at the Singapore Conference Hall, is the fourth<br />
major concert performance by the MCO, which was established in<br />
2004 as a collaboration between the Marsiling Citizens’ Consultative<br />
Committee (CCC) and Marsiling Secondary School.<br />
The musical extravaganza, graced by Guest-of-Honour Senior Minister<br />
Mr Goh Chok Tong, captivated the audience with a delightful rendition<br />
Making their presence: (from left) Mr Yam Ah Mee, People’s Association Chief<br />
Executive Director, Mr Hawazi Daipi, Senior Parliamentary Secretary for Health<br />
and Manpower and MP for Sembawang GRC (Marsiling), Guest-of-Honour<br />
Senior Minister Mr Goh Chok Tong, Mr WS Wong, Sembcorp Marine’s President<br />
and Chief Executive Officer, Mrs Wong, and Mr Cheong Khim Teck, Marsiling<br />
Citizens’ Consultative Committee Chairman.<br />
of popular Chinese classics and solo performances of Chinese<br />
instruments before rounding the evening up with a melodic potpourri<br />
of musical genres from different continents.<br />
Mr WS Wong receiving a token of appreciation.<br />
Mr WS Wong, President and CEO of Sembcorp Marine and the Patron<br />
of MCO, remarked: “We are pleased to partner MCO in its efforts<br />
to promote Chinese orchestra education and appreciation within the<br />
community. Besides providing a platform for enthusiasts to showcase<br />
their talents, MCO also plays a key role in fostering closer community<br />
ties through partnership with grassroots organisations, neighbourhood<br />
schools and residents.”<br />
A rousing cheer to cap a brilliant performance!<br />
12<br />
Jan-Feb 2011
HAPPENINGS<br />
Making IDEAS Work<br />
Sembcorp Marine and its<br />
subsidiaries held the annual<br />
Innovation Carnival from <strong>January</strong><br />
18 to 19, 2011 as part of the<br />
Group’s efforts to promote active<br />
contributions and teamwork<br />
amongst its employees in the areas<br />
of work process improvements,<br />
safety and productivity.<br />
Official launch: Mr WS Wong (second from right),<br />
Sembcorp Marine’s President and CEO and Managing<br />
Director of <strong>Jurong</strong> <strong>Shipyard</strong>, officiating the launch<br />
with (from right) <strong>Jurong</strong> <strong>Shipyard</strong>’s Executive Director<br />
Mr Lee Yeok Hoon, Mr Tan Ah Chye, Chairman of<br />
Shipbuilding and Marine Engineering Employees’<br />
Union (<strong>Jurong</strong> <strong>Shipyard</strong> Branch) and <strong>Jurong</strong> <strong>Shipyard</strong>’s<br />
Deputy Executive Director Mr Wang Zijian.<br />
Up and away – Sembcorp Marine’s Innovation<br />
Blimp takes off!<br />
With the theme “Making IDEAS Work”, the<br />
two-day event at <strong>Jurong</strong> <strong>Shipyard</strong> was launched<br />
with much fanfare in the presence of the yard’s<br />
management and employees. Visitors to the<br />
event were treated to a galore of activities<br />
including a showcase of 19 innovations from the<br />
Group’s subsidiaries as well as interactive games<br />
with attractive souvenirs to be won. External<br />
vendors and the Singapore Civil Defence Force<br />
also supported the event with their exhibits and<br />
displays.<br />
Visitors to the event were treated to a galore of<br />
activities including a showcase of 19 innovations<br />
from the Group’s subsidiaries as well as<br />
interactive games with attractive prizes to be<br />
won. External vendors and the Singapore Civil<br />
Defence Force also supported the event with<br />
their exhibits and displays.<br />
Best Displayed Project – Cable Puller Machine by<br />
<strong>Jurong</strong> Electrical Automation.<br />
Adding to the bustling atmosphere, Institute of<br />
Technical Education students from the Higher<br />
NITEC in Offshore & Marine Engineering Design<br />
programme also attended the carnival and had<br />
the opportunity to learn from the innovative<br />
projects featured.<br />
The two-day event ended on a high note with<br />
the Best Displayed Project awards given out<br />
to the most popular exhibits. <strong>Jurong</strong> Electrical<br />
Automation won the top prize with its Cable<br />
Puller Machine while the Suggestion Scheme<br />
from <strong>Jurong</strong> <strong>Shipyard</strong>’s HR Department and<br />
the Grating Safety Barricade from <strong>Jurong</strong><br />
<strong>Shipyard</strong>’s PF Department secured the second<br />
and third positions respectively.<br />
Giving a demonstration.<br />
“Innovation, Why Not?”<br />
To mark the opening of the Innovation<br />
Carnival on <strong>January</strong> 18, 2011, Dr Philip<br />
C. Zerrillo, Visiting Professor of Marketing<br />
at Singapore Management University,<br />
was invited to give a talk on the topic<br />
“Innovation, Why Not?”.<br />
During the talk, participants learnt about the<br />
distinction between innovation and creativity<br />
and the value of harnessing innovation<br />
through collaborations with partners such<br />
as customers and contractors. Dr Zerillo<br />
further emphasised the importance of<br />
innovation in ensuring business success<br />
and sustainable growth.<br />
Mr WS Wong interacting with innovators behind<br />
the project.<br />
Students from ITE checking out the exhibits.<br />
Participants learning about the strategic<br />
value of innovation.<br />
A successful event made possible through innovation and teamwork.<br />
Jan-Feb 2011<br />
13
HAPPENINGS<br />
Living Victorious & AIDS Free<br />
Strong turnout at the workshop.<br />
<strong>Jurong</strong> <strong>Shipyard</strong> employees gained insights into the<br />
prevention of HIV (Human Immunodeficiency Virus) and<br />
AIDS (Acquired Immune Deficiency Syndrome) through<br />
a fun-filled and informative workshop conducted by the<br />
Health Promotion Board (HPB) on <strong>February</strong> 18, 2011.<br />
Titled “Golden Goal! Live a Victorious Life!”, the event was an initiative<br />
by HPB to increase awareness of HIV and AIDS as part of its community<br />
outreach programme. Through an entertaining cheerleading performance<br />
and interactive games, participants learnt about the dangers of HIV and<br />
AIDS as well as measures to steer clear of these deadly diseases.<br />
Kicking his way towards a healthy lifestyle.<br />
Enjoying the presentation.<br />
<strong>Jurong</strong> <strong>Shipyard</strong> and union representatives striking a pose with workshop<br />
leaders from Health Promotion Board.<br />
Staying Fit Emotionally<br />
The first wellness workshop of the year was held on <strong>January</strong> 21, 2011 to equip employees with skills and<br />
techniques to better manage their emotions for effective performance in the workplace and beyond.<br />
During the “Emotional Fitness” workshop, participants were taught ways to overcome stress and stay emotionally fi t. Besides gaining a better<br />
understanding of their inner thoughts and feelings, participants also learnt useful strategies to achieve emotional balance and mental wellness.<br />
Sharing stress management techniques.<br />
Learning strategies to achieve emotional fitness.<br />
14<br />
Jan-Feb 2011
Honouring Loyalty and Long Service<br />
HAPPENINGS<br />
<strong>Jurong</strong> <strong>Shipyard</strong> honoured the contributions of long-serving employees at its annual Long Service Awards<br />
Ceremony held on <strong>January</strong> 22, 2011.<br />
210 staff members who have been with the yard for<br />
10 years or more received tokens of appreciation<br />
and cash awards at the annual event. As a tribute<br />
to these employees for their steadfast loyalty and<br />
invaluable contributions, a congratulatory video<br />
featuring all Long Service Awards recipients was<br />
also specially commissioned for this event.<br />
45 YEARS<br />
40 YEARS<br />
35 YEARS<br />
30 YEARS<br />
25 YEARS<br />
20 YEARS<br />
15 YEARS<br />
10 YEARS<br />
Jan-Feb 2011<br />
15
HAPPENINGS<br />
Hopping on to a Great Rabbit Year<br />
Wishing everyone a happy and prosperous new year!<br />
(From left) <strong>Jurong</strong> <strong>Shipyard</strong>’s Executive Director Mr Lee Yeok Hoon, Head of<br />
Department (Administration) Ms Jessie Lau, and General Manager of Human<br />
Resource Mr Kevin Choong posing as legendary Chinese characters.<br />
Tossing yusheng as a symbol of abundance and prosperity.<br />
The Year of the Rabbit hopped on<br />
to a great start for employees of<br />
<strong>Jurong</strong> <strong>Shipyard</strong> with several funfilled<br />
celebrations in <strong>February</strong> 2011<br />
to usher in auspicious beginnings<br />
for the coming year.<br />
Management and employees of different<br />
nationalities and ethnicities gathered together to<br />
enjoy the Lunar New Year festivities and had a<br />
wonderful time heralding the start of a prosperous<br />
and bountiful year ahead.<br />
Welcoming the Fortune God.<br />
The higher the toss, the better the fortune!<br />
Feasting on a delectable multi-ethnic spread.<br />
All smiles at the joyous occasion.<br />
Lucky winner receiving his hamper prize.<br />
Dolphin is a bi-monthly publication of Sembcorp Marine <strong>Ltd</strong> (Reg. No. 196300098Z)<br />
and its subsidiary <strong>Jurong</strong> <strong>Shipyard</strong> <strong>Pte</strong> <strong>Ltd</strong> (Reg. No. 199908265G). No part of this<br />
newsletter may be reproduced or transmitted by any means or stored in any<br />
16information storage and retrieval system without the publishers’ written permission.<br />
Jan-Feb 2011<br />
Contact us :<br />
The Editorial Team • 29 Tanjong Kling Road<br />
Singapore 628054 • ir@sembcorpmarine.com.sg<br />
For more information, visit us at : www.sembcorpmarine.com.sg • www.jspl.com.sg