January 2013 - Keppel Corporation

JANUARY 2013www.kepcorp.com/ekeppeliteOff to a flying start 13Global aspirations 18Honouring aKeppel stalwart 20Kickstarting 2013MCI (P) 073/01/2013

101222ContentsSUSTAINING GROWTHKeppel Land achieves healthy profit 4Strengthening leadership 7K-Green Trust pays out consistent distributions 8Keppel T&T’s core businesses gain traction 9Deepening foothold in Wuxi 10Chain of logistics developments in China 11Securus Fund achieves second closing at US$170m 12Off to a flying start 13Going the distance 14Serving the Middle East 16Shaping the future 17Special FocusGlobal aspirations 18Honouring a Keppel stalwart 20Innovation in mind 22Urban solutions 23Best in class 24Leveraging synergies 25Coming on board 26New appointments 27Raising the barPowered by reliability 28Stellar start to new yearEMPOWERING LIVESMakings of a leader 29Honing communication 30League of our ownJoints venture 31Bonding on the high seasKeppelites AbroadThe Alen key 32NURTURING COMMUNITIESInvesting in education 33Supporting the engineering communitySailing for a cause 34Contributing to clean beachesKeppel VolunteersSmall steps, big smiles 35BACK PAGECapping the year with new contracts 36Cover image: Keppelites kickstart 2013 with fresh aspirations and goals, inspired by the New Year message fromMr Choo Chiau Beng, CEO of Keppel Corporation (see page 18).eppelPublished for people in the Keppel Group by the Group Corporate Communications Division, Keppel Corporation Limited, 1 HarbourFront Ave, #18-01 Keppel Bay Tower,Singapore 098632. Printed by Image Printers Pte Ltd, Blk 1002, Redhill Industrial Estate, Jalan Bukit Merah, #03-12, Singapore 159456.Editorial AdvisorWang Look FungEditorLee Wan JunEditorial CommitteeAng Lai Lee, Carol Huang, Casiopia Low, Chan Suan Sim, Cheryl Goh, Chew Chong Peng, Ching Youyi, Clement Lim, Diana Chan, Donald Sng, Eileen Tan, Elizabeth Widjaja,Eva Ho, Frances Teh, Gerlynn Cai, Grace Chia, Hayley Teo, Hoo Yao Lin, Ivana Chua, Jocelyn Chan, Jocelyn Tan, Karin Xiao, Li Zhen Bei, Liang Hui Hui, Lim Xuehui, Lee Chin Siang,Ng Boon Hwee, Priscilla Chong, Razali Maulod, Roy Tan, Serena Toh, Sue Ann Huang, Teri Liew, Tracy Pham, Woon Pek Yong, Vett Ramos, Yolanda Guo, Yu ZehanKeppelite I January 2013CO REG NO: 196800351N

EditorialBuilding resilienceThe financial crisis that hit in late 2008 hascontinued to shore up long-range effects acrossglobal economies. While Asia stayed robustin those early days, the West’s sluggishnessincreasingly weighed heavily on Asia’s shouldersin the months and years that followed.Now, a month into a brand new year, we havenot had much to cheer about. Recovery in the USand Europe remains slow while Japan’s economycontinues to be hobbled. While China grew betterthan expected in 2012, any hope of a more robust2013 hinges on stronger global recovery, which byall accounts does not look likely.On the home front, we are feeling the full impactof the global slowdown. Singapore grew at just1.2% last year. This year, the GDP growth rate isexpected at between 1% and 3%. We have beenalerted to expect slower growth.2013 looks to be another challenging year for all ofus. Fortunately, we have had lead time to prepareourselves and adjust our expectations. This readinessto face the uncertainty ahead stems from theresilience which we have built up over the years.So what underpins such resilience at Keppel – thissupple capacity to stretch in adversity, and to springwhere opportune? How can we imbue in theyounger Keppelites this fibre of strength?While pondering these questions, I turned mythoughts to my daughter, who is too shelteredin life. I am glad that she can live through suchuncertain times as I believe hardship will toughenher. As a parent for close to 17 years now, I knowthat my daughter will benefit if she has resilience.Alas, it can’t be taught. All I can hope for is thatI have prepared her well to become stronger withevery challenge she encounters.This led me to find the answers in our leadershipat Keppel, who having survived past crises, areseasoned helmsmen, well-versed in navigatingthe Group away from danger spots and no-gozones. Armed with invaluable experiences, theyhave steered the Group well for many years. Alongthe way, they have taken pains to pass on lessonslearnt, inculcate the right values and nurture theyounger generation of Keppelites, with the aim ofbuilding resilience in all of us. This resilience willcontinue to act as a shield for Keppel, as we forgeahead into the future.As a Group, our resilience is also derived from ourfocus on fortifying our competitive strengths – theabilities to execute well, to innovate and to meetour customers’ needs. Our distinctive strengths anddeeply-rooted core values will stand us in goodstead in fair weather or foul.Years of investing in efforts and initiatives toimprove productivity and efficiency and nurture anadaptive, entrepreneurial and cohesive workforcehave also enabled us to build strong anchors forour future, which help us find our way even inthese murky global economic waters.When all is said and done, the only way to reallytest our preparedness and mettle, is to bravely ridethrough the storms which may lie in wait.In our voyage ahead, I am sure we will be humbledat times by strong currents or inclement weather.However, as long as we remember in our heartshow our Keppel forefathers stayed afloat in seasmulti-folds rougher, we will be able to soldier on,and ride the waves with our Can-Do! spirit, ourKeppel brand of resilience.Keppelite I January 2013

12 Sustaining GrowthSecurus Fund achieves second closingat US$170mBolsters ability to pursue growing opportunities in the data centre market.K e p p e l D a t a C e n t r eInvestment ManagementPte. Ltd. (Keppel DCIM)and AEP InvestmentManagement Pte. Ltd.(AEPim), as Joint InvestmentManagers of Securus DataProperty Fund (Securus Fundor Fund), announced on18 January 2013, the Fund’ssecond closing with capitalcommitments totallingUS$170 million.Keppel Telecommunications& Transportation Ltd (KeppelT&T) and AEP Capital Ltdare co-sponsors of SecurusFund, which is the world’sfirst Shariah-compliant datacentre fund.Keppel T&T, through itswholly owned subsidiaryKeppel Data Centres Pte.Ltd. (KDCPL) has committedto invest an additionalUS$50 million in SecurusFund, making it the singlelargest shareholder of theFund when the secondraising is fully deployed.Securus Fund’s initial closing,achieved at US$100 millionin June 2010, has since beendeployed in the acquisitionof four high quality datacentre assets in Australia,Malaysia and the UK.Mr Bruno Lopez, CEO, DataCentres, Keppel T&T andED of Keppel DCIM, said,“As a data centre operatorin Singapore and Dublin,Keppel T&T has witnessedthe growth in the datacentre requirements ofour customers and theirexpansions in Asia Pacificand Europe. We believe inthe long-term fundamentalsand growth potential of thedata centre market.“Leveraging Keppel T&T’sexperience in the data centresector, Securus Fund hasachieved strong traction inthe acquisition of several highquality data centre assets inAsia Pacific and Europe in thepast two years. Capitalisingon this momentum, thesecond closing is aimed atfacilitating the Fund’s nextphase of growth.”Securus Fund will continueits investment strategy ofacquiring high quality datacentre assets in its targetmarkets in Asia Pacific, Europeand the Middle East. It iscurrently assessing a numberof pipeline opportunitieswithin these markets.Mr Jonathan King, Principalof AEPim, said, “The capitalraising received strongresponse from both existingand new investors, includingthe Hong Kong-based ProfitTrend Investment Limited. Weare committed to continueexecuting our strategy andprovide quality returns to ourinvestors. We appreciate theconfidence demonstrated inour proven track record andlook forward to continuingto expand our portfolio ofhigh quality data centreassets.”Data centre demand hasbeen driven by the rapid riseof information-centric trendssuch as e-commerce, socialnetworking and file sharing,increasingly stringentdata-related regulatoryrequirements and technologyadvancements such as cloudcomputing. keppeliteThis Tier III data centre located in Gore Hill, Sydney, Australia isone of four high quality data centre assets that Securus Fundhas acquired since its initial closing in June 2010Keppelite I January 2013

Sustaining Growth 13Off to a flying startSwift and smooth progressof the FLY ALLIANCE project,Keppel Singmarine’s firstnewbuild container vesselfor Ok Tedi Mining Limited(Ok Tedi Mining), bearstestament to the hard workand cooperation betweenthe two companies over thepast 12 months.The vessel was namedat Keppel Singmarine on17 January 2013 by LadySponsor Mrs Pakki Parker,wife of Mr Nigel Parker,MD and CEO of Ok TediMining. FLY ALLIANCE wasalso launched into the wateron the same day.Mr Michael Chia, MD(Marine & Technology) ofKeppel Offshore & Marine(Keppel O&M), said, “Theexcellent progress on FLYALLIANCE is due to theclose teamwork betweenKeppel Singmarine, OK TediMining and its technicalteam, SeaTec and the vesseldesigner, Shiptech.Mr Parker said, “Together,we ensure that the workis being carried out withno compromise on safetya n d q u a l i t y. We h a v eachieved a perfect safetyrecord of zero lost-timeincidents since the beginningof the construction of thevessel.“We are very pleased withthe effectiveness andOk Tedi Mining and Keppel Singmarine celebrate the launching and naming of FLY ALLIANCE: (L-R) Mr Michael Chia, MD (Marine & Technology)of Keppel O&M; Mr Nigel Parker, MD and CEO of Ok Tedi Mining; Lady Sponsor Mrs Pakki Parker; Mr Toh Ko Lin, SGM (Commercial) of KeppelSingmarine; Mr Ian Middleton, CEO of Ok Tedi Development Foundation; and Mr Tan Cheng Hui, SGM (Engineering) of Keppel Singmarineefficiency shown by theproject teams, and to haveour vision of this containervessel project coming tofruition finally fulfilled.”Instead of the traditionallaunching from a slipway, FLYALLIANCE was lifted fromthe wharf and into the seaby the heavy-lift barge, AsianHercules II. This innovativelaunching method is to caterto the unique requirements ofthe project and enableeffective use of the yard’sf a c i l i t i e s t o m a x i m i s eefficiency and reduceconstruction time.The vessel will undergo thefinal stages of outfittingand commissioning of itsequipment as well as seatrials before its delivery inJune 2013.FLY ALLIANCE is designedfor deployment in the FlyRiver, Western Province ofPapua New Guinea.When completed, FLYALLIANCE is equipped tocarry 3,000 tonnes of coppersulphide concentrate ata stowage factor of 0.5.Additionally, it is capable ofcarrying 236 twenty-footequivalent units (TEUs) ofcontainers.FLY ALLIANCE is the first offour newbuilding contractsawarded to Keppel Singmarineby Ok Tedi Mining; the otherthree contracts are for theconstruction of bulk carriers.Work on the remainingprojects is progressingsmoothly at Keppel BatangasShipyard in the Philippines,which has been appointedsubcontractor for the project.keppeliteKeppelite I January 2013

14 Sustaining GrowthGoing the distanceAs Keppel expands its presence around the world, its growth story from a dockyarddepartment of the Singapore Harbour Board into a world-class conglomerate drawsincreasing interest from the media. In January, Keppel’s journey to success andfocus for the future were featured in Singapore’s The Straits Times and BloombergTelevision’s ‘Asia Business’. Keppelite shares the highlights.Keppel’s first overseas yard, Keppel Batangas Shipyard, was set up in 1975The Straits TimesEpitomising a company thathas found success on theglobal stage, the KeppelGroup was featured bySingapore’s The Straits Timesas part of the newspaper’sefforts to encourage localbusinesses and Singaporeansto venture abroad.In an article entitled “The sunrose for Keppel – in a sunsetindustry” published on5 January 2013, The StraitsTimes examined the growthjourney for Keppel andKeppelites since the Groupembarked on a globalisationdrive in the early 1970s.Mr Choo Chiau Beng, CEOof Keppel Corporationand Chairman of KeppelOffshore & Marine (KeppelO&M), who was interviewedfor the article, shared on hisown experiences in settingup Keppel’s first overseasshipyard in the province ofBatangas, the Philippines,in 1975, when he was just28 years old.Mr Choo said, “I had to dealwith officials at various levels– secretaries for industries,chairmen of boards ofinvestments, provincegovernors, mayors of townsto customs officials. Thetraffic in Manila was quitebad. It took six months to getour first telephone line. Youneeded about 20 signaturesjust to clear your householdeffects from customs.“Going overseas and workingoverseas is good experiencefor all Singaporeans. Wetend to take for granted thecomfort and convenience wehave in Singapore. But whenyou are overseas, you learnto take all these challengesin your stride.”In the 1980s, the globaloffshore and marine industryfaced a severe downturn.Keppel’s perseverance andforesight through thatchallenging period laidstrong foundations for manyof its 20 yards worldwidetoday.Mr Choo remarked, “Atthat time, the Singaporeenvironment for shipyardswas very bad... We were toldthat the shipyard business isa sunset industry. But I toldour guys the sun sets, but thesun also rises. We still haveto work to use the sea totransport our goods and forresources…two-thirds of theearth’s surface is still coveredby ocean.”Keppelite I January 2013

Sustaining Growth 15With an eye on the eventualgrowth of the industry, theGroup’s Offshore & MarineDivision worked hard totake on projects – evenonshore projects – to keep itsresources engaged and buildon its capabilities duringthe slowdown. “If you areflexible and adaptable,you will survive,” addedMr Choo.Keppel also made a consciouseffort to differentiateitself from its competitors.Mr Choo elaborated, “Youmust choose battles that youcan win. That’s why we don’tbuild tankers, bulk carriersand container ships. There,the Chinese and Koreans willeat our lunch. We chose rigs,Floating Production Storageand Offloading units andspecialised vessels.”In 2012, the Group’s Offshore& Marine Division securedclose to $10 billion worthof contracts (read story onbackpage). Amongst theDivision’s major project winslast year are jackup andsemisubmersible units forBrazil, Mexico, Kazakhstanand the Philippines.local content, by being thereand creating jobs there. OurNear Market, Near Customerstrategy enables us to providea unique value proposition,different from the Koreanand Chinese yards,” saidMr Choo.The Straits Times alsohighlighted that being amulti-faceted, global businessgives Keppel resilience,especially in turbulent times.Mr Choo shared, “It gives usmore robustness in the faceof uncertainty and volatility.We’ve got several businesses.If one’s down, then hopefullyanother one will be up.Of course the challengeis that it’s more difficultto manage.”Bloomberg TelevisionSeparately, BloombergTelevision was interested inKeppel’s efforts in sustainingits market leadership position,I told our guys, the sun sets, butthe sun also rises.Mr Choo Chiau Beng,CEO, Keppel Corporationparticularly in these volatiletimes. Mr Choo commentedthat while Keppel is a marketleader in some businesses,in others it is not.“As a conglomerate…wemust keep the focus thateach of our businesses mustperform well. If any businessis not doing well, eitherbecause the industry is notthe right one, or we arenot doing it properly, thenwe need to improve it orget out of the business. Sothis discipline in managinga portfolio of businesses wehave is very important forKeppel as we move ahead,”Mr Choo elaborated.When asked by Bloombergon ways to continue toenhance shareholder value,Mr Choo said that Keppel isfocused on investing in theright places at the right timeso that the Group wouldhave a reasonable return onequity for its shareholders.“Our focus is to havesustainable growth andsustainable value add, andwe are doing this throughtraining and developing ourpeople. Importantly, we needto ensure that we fight inthe right battlefields andavoid battles that we cannever win,” added Mr Choo.keppeliteOn the factors behindKeppel’s overseas expansion,Mr Choo explained that it wasto better meet the needs ofglobal customers and createvalue for shareholders.“Countries with oil and gaswould like to retain goodquality jobs within their ownborders. We are workingwith them by giving themThrough its two yards in Brazil – BrasFELS (in image) in Angra dos Reis and Keppel Singmarine Brasil in Navegantes, Santa Catarina –Keppel helps to meet the offshore oil and gas needs and local content aspirations of the countryKeppelite I January 2013

16 Sustaining GrowthServing the Middle EastCEO of Nakilat-Keppel Offshore & Marine (N-KOM), Mr Abu Bakar Mohd Nor, sharedin an interview with Ship Repair and Conversion Technology the operations andmarket outlook for the yard. Keppelite features highlights of this interview.How does the industryperceive N-KOM?With our strategic locationat the doorstep of liquefiednatural gas (LNG) andliquefied petroleum gas(LPG) loading terminals,N-KOM is in an excellentposition to service vesselsplying the Arabian Gulf.Since starting operations2 years ago, N-KOM hasreceived tremendoussupport from our clients,contractors and vendors.Last year, we won twoprestigious awards – N-KOMwas named Shipyard of theYear at Lloyd’s List MiddleEast & Indian Subcontinentevent and conferred theShiprepair/Shipyard Awardat the Seatrade MiddleEast & Indian Subcontinentevent.What are some keyprojects undertaken byN-KOM?To date, N-KOM hascompleted over 100 projects,with LNG carrier repairsmaking up about half ofthis number; this includesQ-Max and Q-Flex carriers,which are some of the largestvessels ever built.In 2012, N-KOM undertookt h e d r y d o c k i n g a n drepairs of the Q-flex unit,Al Thumama, which isoperated and managed byNYK LNG ShipmanagementLtd and for the Q-Max unit,Al Ghuwairiya, which ismanaged by Shell Tradingand Shipping Company. Infact, Al Thumama underwentits first five year special surveywhile at our yard.N-KOM also serviced severalLPG carriers. To enhanceour value-added offering toclients, N-KOM establisheda landmark agreement withRas Laffan Terminal andTasweeq to supply coolantto LPG carriers. This serviceis reserved specially forLPG carriers repaired at theshipyard.In addition to our marinebusiness, we have also startedexpanding our services tothe offshore market. Wecompleted a total of sevenjackup rig projects for ourcustomers Gulf DrillingInternational Lts, Ensco plcand Rowan Companies plc.What are some of N-KOM’sstrategies for growth?We will continue to ensuresafe, quality and reliableservices for our customers. Weexpect the gas repair businessto hold strong in 2013. Beingstrategically located in Qatar,the world’s leading exporterof LNG, we have goodopportunities to grow ourbusiness. We have developedstrong fabrication capabilitiesin the oil and gas industry andextended our services to alsoinclude onshore and industrialengineering.Following the green shippingtrend, our partnership withKeppel Offshore & Marinehas enabled us to undertakevarious projects related toemission control such asthe scrubber systems andother LNG and marinetechnology upgrades, refitsand modifications. keppeliteN-KOM has completed over 50 liquefied natural gas (LNG) projects to-date; this includes Q-Max and Q-Flex carriers, which are some of the largest vessels ever builtKeppelite I January 2013

Sustaining Growth 17Shaping the futureKeppel Corporation will markits 45th anniversary with aspecial insignia which aptlyconveys the passion of ourpeople and our continuingjourney of growth.Keppelites across ourbusiness units would havealso noticed the application ofa new screensaver featuringthe 45th anniversary logoflanked by our core values. Itis a powerful daily reminderof how our core values willcontinue to contribute to ourgrowth story.Click on Keppel at 45 atwww.kepcorp.com foractivities and events on our45th anniversary. keppeliteLogo rationaleThe Keppel story is 45years in the making.We have emerged, throughmany twists and turns,resilient and stronger,every time.Red is the passion of ourpeople – Keppelites – ourlifeblood. They inspire withtheir Can-Do! spirit andfervent display of our corevalues across generationsand in 30 countriesworldwide.we can build successful andsustainable businesses whenour all stakeholders thrive.Our resolute focus oninnovation and technologyspurs our ascent to greaterheights of excellence.We celebrate diversity inunity as the multi-facetedpieces of our experiencefortify the Keppel legacy.Red also symbolises ourheart for the communitywhose lives we want topositively impact and forwhom, Keppelites areencouraged to engage inservice. We believe thatKeppelite I January 2013

18 Special FocusGlobal aspirationsAs Keppel Corporation celebrates its 45th anniversary in 2013, CEO Mr Choo ChiauBeng penned a special message titled ‘Shaping the Future’ to rally Keppelites in over30 countries worldwide. Keppelites from all over the world share their aspirations forthe future of Keppel.“Every Keppelite who has played apart in our 45-year story deserves ourcongratulations! I also thank Mr Choo andKeppel management for striving to make usthe leading solutions provider in our industryworldwide. As a Keppelite, I am proudto have contributed to Keppel’s success.Working with great leaders, cutting edgetechnology and development tools havehelped us stand out from the market!”Enrique MenaProject Manager, Keppel AmFELS USA“CEO’s emphasis on harnessing talentand technology to sharpen our edge wasinspiring to me. To compete in the globalarena, we will constantly need good peopleon our team and to find ways to help usboost performance and standards. Movingforward will take all of us working hand inhand together and with innovative toolsand ways to bring about real growth andimprovement.”Karel VandegehuchteProposal Manager, Keppel Seghers (Belgium)“I identify strongly with CEO’s message. Inparticular, I believe that the way forward isto be committed to our customers and workas a team towards excellence. I will continueto work hard to enhance my knowledge,and encourage those around me to do thesame. With improved knowledge and skills,I am sure that we will be able to continueto provide value-added services to theindustry.”Karina Stoff F. MendoncaLegal and Human Resources Director,Keppel FELS Brasil“In the Middle East, Keppel IntegratedEngineering has gained a foothold throughour landmark projects in Qatar and receivedstrong interest in our environmentalsolutions. We must continue to work hardto advance Keppel’s position as a leaderin providing integrated environmentalsolutions, and be eager to do our part incontributing to Keppel’s growth in thisregion!”Shady GabrBusiness Development Manager (MENA Region),Keppel Seghers (Qatar)“CEO’s message reminded me that asKeppelites, we are linked by our commoncore values and we should tap on thestrength of our operations around the worldin order to sustain growth. We have learnt alot from our Singaporean colleagues on themanagement and operation of the shipyardhere in Brazil. Their focus, dedication andresilience have made my learning experiencetruly enriching. All of us here at KeppelSingmarine Brasil will continue to striveforward and do our part in shaping the nextchapter of the Keppel story.”Luciane CarriónPurchasing Manager, Keppel Singmarine Brasil“CEO’s message struck a chordin me, particularly the part onstaff commitment, which canmake or break good strategiesand opportunities in the longrun. Doing business in a foreigncountry has its challenges and Iwas encouraged by CEO’s messageon the importance of teamwork,which reminded me of what trueKeppelites are made of – passion,integrity and the Can-Do! spirit.”Adris IsninGM, Keppel Magus DevelopmentMore information on Keppel Corporation’s year-long 45th anniversary celebrations is available at www.kepcorp.com/keppelat45Keppelite I January 2013

19“Message to Keppelites inspiredme to reflect on our history, onethat is full of great achievementsand lessons and impacts ourpresent and shapes our future. Inthe past 15 years, I have witnessedthe success story of CaspianShipyard Company in Baku,founded upon Keppel core values.I look forward to reaching greaterheights with Keppel in the next 15years.”Madat ShukurovAssistant Shipyard Manager,Caspian Shipyard Company“To sustain our success, CEO has reiteratedthe importance of having committed people,bound by common core values, to continuecontributing to Keppel. Wherever weoperate, we will embrace a nurturing cultureand carve out opportunities to grow andgroom our people across all echelons, so asto support our business growth.”Au Yong Kong SengGM, Wuhu Sanshan Port Company,Keppel Telecommunications & Transportation“There is room to better reflect oursharpened focus on technology andinnovation in our property projects. Toachieve that, our team will strive to buildhomes that are more environmentallyfriendlyand fitted with more modernfeatures. These will certainly improveour competitiveness as a quality propertydeveloper.”Wang HaoProject Manager, Tianjin Eco-City,Keppel Land China“Sustaining Growth, Empowering Lives,Nurturing Communities are not just slogansbut core business thrusts embedded in theheart of Keppel’s business. AtKeppel Land in Vietnam, we continueto commit ourselves to building qualitydevelopments with green designs andsustainable features. Our newly set upCSR Committee will actively look intoenhancing our CSR efforts.”Nguyen Duc MinhSenior Business Development Manager,Keppel Land, VietnamI feel empowered by CEO’s statementthat a company is only as good as itspeople. It is heartwarming to knowthat our management attributesthe success of the Group to the jointefforts of all Keppelites around theworld. A member of Group HR,I am glad to do my part to helpdevelop talents. By igniting thepassion and the Can-Do! spirit withineach Keppelite, I am confident thatwe will be able to bring Keppel to awhole new level of success.”Thia Xiao TingExecutive, Group HR, Keppel Corporation“The part in CEO’s message which left alasting impression on me was how we mustnever forget our roots and continue tocontribute and enrich lives in communitieswhere we operate. This year, I hope toparticipate in more volunteer activitiesorganised by the company and do my part incontributing back to society.”Chang Si KeanSenior Investment Manager,Keppel Land, Indonesia“CEO raised an important point on thenecessity of giving back to society. I agreethat as we grow, we should share thefruits of our success with the community.Keppel-GK Eco Village (Bauan), Keppel’s60-unit housing project for needy families inBatangas, the Philippines, bears testamentto Keppel’s commitment to support socialdevelopment efforts. Mr Choo, thank you forinspiring us to do better and to share withthe less fortunate.”Agnes LorenzoSVP of Finance and Administration,Keppel Philippines Marine“CEO’s words that ‘a company is only as goodas its people’ is inspiring and aligned with mypersonal beliefs. Keppel built its businesseswith this philosophy firmly in mind, and thecompany’s success is driven by the hard workof many individuals who embody the Keppelcore values of passion and excellence. Withpeople as a core asset, we need to continueour good work in attracting and retainingtalent, and in growing the competencies ofour workforce.”Miguel BenitoPlant Manager, Keppel Merlimau CogenKeppelite I January 2013

20 Sustaining GrowthHonouring a Keppel stalwartKeppelites honour the contributions of Mr Kevin Wong who recently stepped downas CEO of Keppel Land after 23 fulfilling years in the company.(First row) The Board and management of Keppel Land and Keppel Land China at a dinner in honour of Mr Wong(Second row from left) Mr Choo Chiau Beng (right), CEO of Keppel Corporation and Chairman of Keppel Land, presenting to Mr Wong a painting of Singapore’s Chinatown by local artistPeh Eng Seng; Mr Ang Wee Gee (right), Keppel Land’s new CEO, presents to Mr Wong a handmade book bearing well wishes from KeppelitesKevin is a very good listener.Whenever there are problems orissues, he is one of the few seniorpersons who will hold back theircomments and just listen. This issomething I have learnt from him –to ask questions and empower myteam to make decisions so they haveownership of their work.Mr Ang Wee GeeCEO, Keppel LandKevin’s insistence on ensuring thatevery single property, whether anoffice building or home, is built to thehighest quality, has enabled Keppelto build its reputation as a qualitydeveloper under his leadership.Mr Tan Swee YiowPresident, Singapore, Keppel LandKeppelite I January 2013

Sustaining Growth 21Mr Kevin Wong’s journeywith Keppel started on1 March 1989, when hejoined the then-StraitsSteamship Land (nowKeppel Land) as GM (SpecialDuties). He became its ED in1993, and was promoted tolead the company as MD –the position now known asGroup CEO – eight yearslater.In appreciation of hissignificant contributions tothe group, the Board andmanagement of KeppelLand and Keppel Land Chinahosted a dinner in honourof Mr Wong on 15 January2013. Keppelites acrossdifferent departments alsoextended their well wishesand thanks to him at aget-together on 5 December2012.At the management dinnerat Marina at Keppel Bay,Mr Wong shared a littleknown “secret”. He said,“After the final round ofinterview with the lateMr Sim Kee Boon and then-Chairman Mr Lim Chee Onn,I actually decided not to jointhe company.“I remember going to OceanBuilding (now redevelopedinto Ocean Financial Centre)to tell them just that. In theend, they both convincedme to join, and I thought Iwould, just for a few years.Little did I expect that fewyears to become 23 years!Thank you for all your support and guidance. Under yourstewardship, Keppel Land in Vietnam has continued tohold its pole position as the premier property developerand we shall continue to strive and build on this.Mr Linson LimPresident, Vietnam and The Philippines, Keppel Land“Looking back, the past23 years have indeed beenfulfilling. We have gonethrough numerous crisestogether and each time,emerged fitter and stronger.I must thank the KeppelGroup, especially individualslike Chiau Beng and SoonHoe, for always being sosupportive,” he added.Mr Choo Chiau Beng,Chairman of Keppel Land andCEO of Keppel Corporation,said, “Since 2000, we havegrown our assets more thanthree times. But these didnot happen overnight –they are the fruits of ourlabour from many yearsago. I want to congratulateKevin for his foresight –his keen understanding ofthe property market, itstiming and the importanceof location – which has seenKeppel Land grow to whereit is today.”Mr Wong is deeplyappreciated for hisinvaluable contributions toKeppel Land. keppeliteTribute to anoutstanding bossYou have been an outstanding boss,The entire company understands its loss.With dedication you did serve,A happy retirement you deserve.Countless issues you decisively resolved.With your guidance, the company evolved.You were definitely a key player,And to our team, you were the leader.You encouraged us to succeed,Mutual goals we worked to exceed.Thank you for the way you did lead,Your legacy will stand us in good stead.We hope you will remain in touchAs we in HR will miss you much.Mr Chan Kam Fai, GMand Ms Poon Kwee Ping, DGM, HR, Keppel LandKeppelite I January 2013

22 Sustaining GrowthInnovation in mindComing out tops atKeppel FELS’ InnovationChallenge 2012 was theMINDS Team comprisingmembers of the Engineeringdepartment. They wererewarded $10,000, presentedby Mr Tong Chong Heong,CEO of Keppel Offshore& Marine (Keppel O&M),at an awards presentationceremony, held on 7 January2013.All the projects submittedfor the Innovation Challengew e r e j u d g e d o n t h efollowing criteria: level ofinnovativeness, alignmentto company direction andpositive impact to company’soperations.and Mr Tong recognisedBrasFELS’ ingenuity andefforts with an InnovationRecognition Award.The other teams thatparticipated in the KeppelFELS’ Innovation and QualityCircles (iQC) Conventionheld in October last yearalso received awards for theirefforts.iQC seeks to encouragee m p l o y e e s a n dsubcontractors to identifychallenges and potentialareas of improvement aswell as use their creativityand critical thinking abilitiesto come up with viablesolutions.National iQC Convention(NiQC), assessed by theSingapore ProductivityAssociation. Three of themtook home top accolades –the Star Award.The Innovation Challenge aswell as iQC are part of KeppelFELS’ annual innovationcampaign, which comprisestalks, workshops, exhibitsand competitions. keppeliteThe MINDS Team’s submissionwas an application thatautomatically generatespiping isometric drawings. Itsaves time and reduces costneeded to render and touchuppipe drawings.Commendable iQC ideasfrom Keppel FELS have beenshared on the national level.Last year, 11 Keppel FELSteams presented at theBrasFELS employees, Ms Renata Tsujioka (far left), Mr Mauricio Kumpel (second from left) andMs Lizandra Martinelli (far right), receive on behalf of the yard the Innovation RecognitionAward, from Mr Tong Chong Heong (second from right), CEO of Keppel O&MA team from BrasFELSmade a guest appearancea t t h e c e r e m o n y. I ntheir presentation titled‘Alternative Flare Lifting’,the team illustrated howBrasFELS safely and efficientlyraised and installed a flaretower, a component of aFloating Production Storageand Offloading (FPSO) unitwhich is taller than theyard’s lifting equipment.The presentation was wellreceivedby the audience,Mr Tong Chong Heong (fourth from left), CEO of Keppel O&M, presenting the top prize of the Innovation Challenge to the MINDS Team, whichcomprises members of Keppel FELS’ Engineering departmentKeppelite I January 2013

Sustaining Growth 23Urban solutionsK e p p e l I n t e g r a t e dEngineering (KIE), throughits subsidiary companies,recently showcased its suiteof environmental solutions inthe Middle East.Sharing bestpracticesKeppel Seghers, a leadingprovider of waste-to-energysolutions in the KIE group,participated in the sixthWorld Future Energy Summitin Abu Dhabi from 15 to17 January 2013.Hosted at the Abu DhabiNational Exhibition Centre,the summit drew more than30,000 people from 150countries, including worldleaders, international policymakers, industry leaders,investors, experts andacademia, to discuss practicaland sustainable solutions tofuture energy challenges.Speakers at the summitincluded luminaries such asFrance’s President FrancoisHollande, Argentina’sPresident Cristina Fernandezde Kirchner, Abu Dhabi’sC r o w n P r i n c e S h e i kMohammed bin Zayed AlNahyan, as well as Singapore’sMinister for the Environmentand Water ResourcesDr Vivian Balakrishnan.Innovative solutionsBacked by its strong portfolioof District Heating and CoolingDr Vivian Balakrishnan (left), Singapore’s Minister for the Environment and Water Resources; Mr Geoffrey Piggott (centre), Regional Managerfor Middle East and North Africa (MENA), Keppel Seghers, and Mr Shady Gabr (right), Business Development Manager (MENA), Keppel SeghersQatar, at the World Future Energy Summit held in Abu DhabiSystems (DHCS) in Singaporeand China, Keppel DHCS,also part of the KIE group,showcased its capabilities indeveloping energy-efficientand environmentally-friendlycooling solutions at thefourth Annual Middle EastDistrict Cooling Summitin Qatar.Held from 25 to 27 November2012, the summit drew morethan 200 participants fromthe utilities sector of theGulf Cooperation Councilcountries. As an associatesponsor for the summit anda proven DHCS solutionsprovider, Keppel DHCS’booth garnered considerableinterest from the delegatesa n d m e d i a f r o m t h eMiddle East.Keppel DHCS showcased its portfolio of energy-efficient cooling solutions at the AnnualMiddle East District Cooling Summit held in Doha, QatarThe flagship projectshowcased at the summitwas Keppel DHCS’ ChangiBusiness Park DCS Plant,which was awarded theSolar Pioneer Award in 2011.Other Keppel DHCS projectsfeatured at the summitincluded the Biopolis DCSPlant, the Woodlands WaferFab Park DCS Plant and theTianjin Eco-City DHCS Plant.keppeliteKeppelite I January 2013

24 Sustaining GrowthBest in classWest Pelaut, the firstsemisubmersible drillingtender (SSDT) built by KeppelFELS in 1994 for Seadrill haswon the prestigious ‘ShellWorld Wide Rig of the Yearaward for Platform / Tender’for the fourth time. Thedrilling tender, which is ofKeppel’s proprietary KFELSSSDT design, previouslywon the accolade in 2004,2006 and 2008.In its over 18 years withShell Brunei, West Pelaut hasworked on over 290 wellsunder combined drilling withproduction activities withouta significant incident.Keppel FELS’ first SSDT unit, West Pelaut, has won its fourth rig of the year award from ShellDeveloped by Keppel’sDeepwater TechnologyGroup, the KFELS SSDTis an outstanding applicationo f e n g i n e e r i n g a n dtechnological advancement,and contributes significantlyto environmental protection,as well as the safety ofoperators involved in offshoreplatform developmentdrilling.Keppel FELS has completedeight KFELS SSDT rigs –seven for Seadrill and onefor PV Drilling. It is currentlybuilding its ninth unit forSeadrill. keppeliteSafe tenderWork on Seadrill’s eighthKFELS SSDT unit, WestEsperanza, is progressingwell. On 3 January 2013,project teams behind theSSDT clocked three millionsafe man-hours on theproject. In appreciationof Keppel FELS’ efforts,Seadrill has awarded theyard a safety bonus ofUS$10,000.Throughout the entireproject, safety educationp r o g r a m m e s w e r eregularly conducted andsafety measures werestrictly enforced. Theseinitiatives and actions helpkeep the project safe andon track for delivery in2Q 2013.Mr Pete England (4th from right), Project Manager of Seadrill, presenting Chia ShanMing (5th from right), Project Manager of Keppel FELS and the rest of the WestEsperanza project team with a cheque for the achievement of three million safe manhoursKeppelite I January 2013

Sustaining Growth 25Leveraging synergiesThe mammoth topsidemodule of the P-61 TensionLeg Wellhead Platform(TLWP) has been completedon schedule with a perfectsafety record at Keppel FELSin Singapore.The topside module hassince been transportedto BrasFELS in Angra dosR e i s , B r a z i l , f o r t h eintegration phase. Themodule will be joined tothe lower hull of the TLWP,which is being fabricated atBrasFELS.The $1 billion P-61 projectwas won in 2010 by FloaTECSingpore – an equal jointventure between KeppelFELS and McDermott – fromPapa-Terra Joint Venture,which consists of Petrobrasand Chevron.For this project, Keppel FELSand BrasFELS will constructthe TLWP, FloaTEC will supplythe risers, well systems andtendon components, andMcDermott will fabricate thetendons, temporary buoyancymodules and piles as well asprovide topsides engineeringand procurement services.When completed, P-61 willbe the first TLWP in Brazil,and it will be deployed tothe Papa Terra field in theSouthern section of theCampos Basin at ExploratoryBlock BC20. keppeliteMaiden dockingShoei Kisen Kaisa Ltd’s Clipper Iwagi, a bulk carrier, is the first vessel to dock in thenewly widened and lengthened Raffles Dock at Keppel Shipyard. The vessel wasdocked on 9 December 2012.The topside module of the P-61 TLWP has arrived at BrasFELS in Brazil, after a 17,000km journey from Keppel FELS in Singapore, for integration with the lower hullKeppelite I January 2013

26 Sustaining GrowthComing on boardThe newly appointed Keppel Chair Professor – Professor Chan Eng SoonKeppel Offshore & Marine(Keppel O&M) and theNational University ofSingapore (NUS) haveappointed Professor ChanEng Soon, Dean, Facultyof Engineering of NUS, asKeppel Chair Professor.Professor Chan takes overfrom Professor AndrewPalmer, who served as KeppelChair Professor from 2006 to2012. The inaugural KeppelChair Professor was ProfessorTorgeir Moan who servedfrom 2002 to 2006.Professor Chan’s researchinterests and activitiesare focused on offshoreengineering and marineprocesses, including extremewaves, hydrodynamics,wave-structure interactions,sediment transportand coastal protection,tidal hydrodynamics andcirculation in tropical waters.He has a Doctor of Sciencedegree in Hydrodynamicsfrom the MassachusettsInstitute of Technology.Professor Chan has also heldseveral key appointments inNUS. He set up the PhysicalOceanography ResearchLaboratory in 1995 to pursueresearch on coastal andoffshore processes relatingto tropical marine waters.He also served as Directorof Tropical Marine ScienceInstitute, Head of Departmentof Civil Engineering and ED ofCentre for Offshore Researchand Engineering before hisappointment as Dean ofEngineering in 2008.In addition, Professor Chanhas been instrumentalin the setting up of f(K) N– a consortium comprisingFloaTEC, Keppel O&M,Keppel Offshore & MarineTechnology Centre and NUS– in 2012.f(K) N aims to developc o m m e r c i a l l y v i a b l esolutions to meet thechallenges of deepwaterfield developments in Brazil.It facilitates technologyexchange between Brazil’socean basin, tow tank andnumerical laboratoriesand Singapore’s researchi n s t i t u t e s , t h r o u g hc o l l a b o r a t i o n s w i t huniversities and researchinstitutes in Brazil as wellas industry partners. Italso promotes exchangep ro g r a m m e s b e t w e e nNUS and the Brazilianuniversities as well asvisiting professorships andresearch fellowships to theseinstitutes.The Keppel ChairProfessorship was establishedi n 2 0 0 2 t o e n h a n c eSingapore’s competitivenessin the Ocean, Marineand Offshore industryby attracting world-classresearchers and practitionersto Singapore. It aims tofacilitate the transfer oftechnology and the creationof new knowledge andprocesses in the industry.keppeliteProfessor Ho Teck Hwa (right), Vice President (Research Strategy), NUS, presenting a plaqueto Mr Choo Chiau Beng (left), CEO of Keppel Corporation, to commemorate ten years ofpartnership between NUS and Keppel O&MKeppelite I January 2013

Sustaining Growth 27New appointmentsMr Ong Ye Kung, Director, Group Strategy& Development, Keppel CorporationKeppel Group continuesto add talents of diversebackgrounds and experiencesto its ranks, enrichingMr Jacob Tong, GM, Group InformationSystems, Keppel Corporationthe Group’s repository ofknowledge and skills.Mr Ong Ye Kung has beenappointed as Director ofG r o u p S t r a t e g y &Development OFKeppel Corporation on7 January 2013. Prior tojoining Keppel, Mr Ongwas the Deputy Secretary-General at National TradeUnion Congress. He alsoserved as Principal PrivateSecretary to Singapore’sPrime Minister Lee HsienLoong from 2002 to 2004,and CEO of the SingaporeWorkforce DevelopmentAgency (WDA) from 2005to 2008. In addition,Mr Ong also negotiatedthe US-Singapore FreeTrade Agreement from2000-2003.On 2 January 2013, Mr JacobTong was appointed as GM(Group Information Systems)of Keppel Corporation, andwill oversee all Keppel GroupIT operations. Prior to joiningKeppel, Mr Tong was CIO(Asia), Strategies, Insurance(Risk Management) withCPG Corporation. Mr Tongholds a Master of BusinessAdministration from theUniversity of Manchester.keppeliteRaising the barMr John Birchall, Director, Safety andHealth, Keppel Land, commends SsangyongEngineering & Construction Co. Ltd forachieving one million safe man-hours on itsproject, Riviera Point, in VietnamTo raise the bar on safetystandards and practices,business units acrossKeppel actively engage inknowledge sharing andreview activities.In December 2012,Mr John Birchall, Director,Safety and Health, KeppelLand and Keppel GroupSafety Coordinator, visitedKeppel Land sites in Vietnam– Saigon Centre and theSafety Awareness Centre atthe construction site of itscondominium, Riviera Point. Hedeepened his understandingof Keppel Land’s safetymanagement system inVietnam and provided inputsfor improvements.At the visit, Mr Birchalla w a r d e d S s a n g y o n gEngineering & ConstructionCo. Ltd, the contractor forRiviera Point, with a safetyachievement award forclocking one million safeman-hours.Earlier in November 2012,Keppel FELS, Keppel Shipyardand Keppel Singmarineundertook a cross-businessunit auditing exercisefocusing on major equipmentmaintenance.In 2013, this exercise willbe extended to includeKeppel Offshore & Marine’s(Keppel O&M) overseasyards starting with BrasFELSand Keppel SingmarineBrasil. Findings will be sharedwith the Keppel O&M’sBoard Safety Committee forfurther evaluation.Mr Yong Chee Min, GM( H e a l t h , S a f e t y a n dEnvironment) of KeppelO&M, said, “The KeppelO&M inter-BU auditingexercise is an excellentavenue for our global yards toenhance their overall safetystandards. The audited yardpicks up pointers on areasof improvement while theteam performing the auditlearns of good practices,which they can bring totheir own organisations.”keppeliteKeppelite I January 2013

28 Sustaining GrowthPowered by reliabilityKMC was named the 2011 Most ReliablePower Station (Operations & Maintenance)by Alstom, bearing testament to KeppelEnergy’s credentials as a top-performingpower plant operatorKeppel Merlimau Cogen(KMC) was named the 2011Most Reliable Power Stationat the Conference of SeniorOperations & Maintenance(O&M) Managers, hostedby Alstom Power O&M Ltd,a subsidiary of the AlstomGroup (Alstom).KMC was selected from35 power plants operatingwith Alstom’s combinedgas turbines and withsimilar O&M contracts. Theplant stood out for thereliability of its operations,high service factor andstrong operating regime,over the evaluation period of2011-12. KMC has clinchedthe coveted title for thesecond time, with the firstin 2009.Dr Ong Tiong Guan, MDof Keppel Energy, shared,“Keppel Energy operates ina highly competitive marketand aims to remain bestin-class.We attach utmostimportance to reliability andsafe real-time operations.The award acknowledgesKMC’s dedication andcontinuous efforts to ensureO&M excellence.”Presently, Alstom is workingwith Keppel on the expansionof KMC on Jurong Island withtwo 400 MW combinedcycleunits. Phase I isundergoing commissioning,while Phase II is expectedto be completed by 2013.The expansion will boostKMC’s generation capacity to1,300 MW from 500 MW,and expand Singaporeelectricity generation capacityby 10%. keppeliteStellar start to new yearOver 500 homeowners ofThe Estella gathered forthe first Residents’ Partyorganised by Keppel Landand its Vietnamese jointventure partner, Tien Phuoc,to mark the New Year.The Estella, a luxurycondominium estate in Ho ChiMinh City (HCMC), waslaunched in 2008. Phase 1 ofthe development, comprising719 homes, has beencompleted. Homeownershave started moving intothe estate and are enjoyingtheir new homes and thefacilities.Representing Keppel Land atthe party was Mr RaymondChin, General Director ofThe Estella Co. He said,“Working with like-mindedpartners like Tien Phuoc,we have been privileged tohave a part to play in thegrowth and transformationo f H C M C w i t h p r i m eproperties distinguished byhigh quality, location andinnovation.“We will continue to deliveron our promise to providepremier urban developmentsto meet the demands ofdiscerning homebuyers.”The Estella, located in thepopular residential area ofAn Phu Ward in District 2and near the CBD, is KeppelLand’s first condominiumproject in HCMC. keppeliteMr Raymond Chin (right), General Director of The Estella Co., with a homebuyer at theestate’s first Residents’ Party held on 5 January 2013Keppelite I January 2013

Empowering Lives 29Makings of a leaderAre leaders born or made?That was the questionMr Tan Geok Seng, Presidentand CEO of Keppel AmFELS,posed to his audience atthe Keppel Young Leaders’Leadership Series talk heldon 13 December 2012.In his trademark candid style,peppered with light dosesof humour, Mr Tan offeredvaluable insights to the oftaskedquestion. Leadership,he shared, is a trait thatcan be cultivated in everyindividual with the rightmindset and attitude.Mr Tan joined Keppel FELSin 1981. He was secondedto Keppel AmFELS as theExecutive VP in 1997,after serving in severaldepartments such asEngineering, Commercial,Project Management andOperations. He returnedto Keppel FELS in 2001,and was seconded back toKeppel AmFELS in 2002.He was appointed CEO ofKeppel AmFELS in 2007. In2012, Mr Tan was appointedPresident of Keppel Offshore& Marine USA and continuesto serve as President andCEO of Keppel AmFELS.Keppelite highlights someleadership principles sharedby Mr Tan:Learn from failuresDo not be afraid of failing.Mr Tan Geok Seng (first from right), President and CEO of Keppel AmFELS, sharing leadership principles with Keppelites at the Keppel YoungLeaders’ Leadership Series TalkLearn from your mistakes,and recover fast. Feedbackfrom your boss is part andparcel of the learning processwe all go through in life.Use challenges and failuresas opportunities to build upyour character.Follow to leadLearning how to lead andfollow are important skillsrelevant to people of allr a n k s . K n o w h o w t ocommunicate with your bossand carry out instructions inan effective and respectfulway. The mark of a trueleader is an ability to firstsubmit to authority andfollow instructions.Know what trueconfidence meansBeing truly confident doesnot mean that one has tohog the limelight all thetime. Real confidence comesfrom knowing when to letyour subordinates or otherstake the credit where it isdue. Constantly trying toimpress other people or raiseunnecessary attention doesnot make a truly confidentperson.Resist temptationAs one progresses in rankand position, he will beinvested with more authorityand privileges. Learn not toabuse these privileges, or letthem distract you from yourresponsibilities and duties.They are meant to serve youand other people well.Enjoy the processThe old adage that funcan only come after workno longer applies in thisage. Learn to find ways toincorporate fun into yourworkplace. With time, youwill find a growing sense ofenjoyment and fulfilmentfrom doing your job well.keppeliteKeppelite I January 2013

30 Empowering LivesHoning communicationK e p p e l C o l l e g e i nconjunction with NanyangBusiness School held thefirst run of the PowerfulBusiness Communicationand Presentations workshopfor Keppelites from 19 to20 December 2012.29 participants from acrossthe Group attended thecourse taught by Dr CarmelHeah, who has more than20 years of experiencein teaching professionalcommunication. They learntabout developing effectivebusiness messages andcorporate presentations.Keppelites honed their communication skills at the Powerful Business Communication and Presentations workshop organised under theauspices of Keppel CollegeYeong Cheau Shan, SeniorCorporate DevelopmentExecutive at Keppel Offshore& Marine, shared, “Howwe organise our thoughtsand structure our messagesinfluence how readily ouraudience embrace andabsorb our ideas. I found theworkshop meaningful as thelessons learnt can be appliedto both my professional andpersonal life.” keppeliteLeague of our ownThe Keppelite Recreation Club Bowling League 2013 provides opportunities for bowlingenthusiasts across the Keppel Group to hone their proficiency in the sport and make newfriendsThe long-awaited KeppeliteRecreation Club (KRC)Bowling League 2013 haskicked off on 4 January 2013with fresh-faced participantsand veteran bowlers pittingtheir skills at WestwoodBowl, Bukit Batok CivilService Club.A key annual event for KRC,the league is in its 11th yearand will take place over 22weeks. 16 teams of six to tenbowlers each will competefor top team and individualmale and female bowlerpositions. The games willculminate in a Masters Eventin June 2013 where playerscan pit their skills againsteach other to vie for theindividual awards.Team captain, Ismail binTijoh, Senior Technical Officerat Keppel Shipyard, shared,“I have been participatingin the league for the pastsix years, and it is a greatway for me to meet otherpeople who love the sport.”His current team is made upof members from differentbusiness units whom he hadmet at the league over theyears.Keppelites are welcome tocheer for their favouriteteams at Westwood Bowl!keppeliteKeppelite I January 2013

Empowering Lives 31Joints ventureBonding on thehigh seasLam Ming Zhi (right), Trading Executive at Keppel Energy, received consultation fromDr Bryan Chen from The Chiropractic ClinicKeppelites sat up andpaid attention at a talk onchiropractic organised byKeppel Corporation’s GroupHR department on 9 January2013.Dr Bryan Chen and his teamfrom The Chiropractic Clinicshared on the relationshipbetween the musculoskeletalsystem, the nervous systemand good health. Duringthe session, Dr Chen alsocarried out computerisedposture screening andconsultations.Lam Ming Zhi, TradingExecutive from KeppelEnergy, who has beenexperiencing occasionalpains on his knees, learntthrough the session thathis ailment could be theresult of leg injuries fromsoccer when he was stillin school and receivedadvice from Dr Chen onhow to care for his kneeand improve his posture.keppeliteTwelve new hires at KeppelL a n d e x p e r i e n c e d a nunusual and adventurefilledorientation programmeonboard Keppel Bay SailingAcademy’s (KBSA) yachts,Endeavour and Venture on11 January 2013 as part oftheir orientation.Keppel Land’s HR departmenthad partnered with KBSA toprovide a two-hour sailingexperience demonstratingKeppel’s core values ofcollective strength andsafety.KBSA is the only academy inSingapore offering coursesaccredited by UK-basedRoyal Yachting Association,a leading authority for waterbasedactivities.Apart from the visit to theaward-winning Marinaat Keppel Bay (MKB), thenew hires also toured othericonic Keppel Land projectsin Singapore, includingReflections at Keppel Bayand Marina Bay FinancialCentre. keppeliteA world ofprivilegesMembership at MKBoffers lifestyle privilegessuch as luxury yachtingexperiences, invitationto members-only events,exclusive access to themembers’ wine bar,private dining servicesas well as discountsand perks at selectedgourmet restaurants andbars.M e m b e r s h i p s a r eexclusive to the residentsof Keppel Bay Homes,b e r t h h o l d e r s a n dKeppelites only.For more information,please contact enquiry@marinakeppelbay.com.Keppel Land’s new hires were treated to an exclusive sailing experience as part of theirorientation programmeKeppelite I January 2013

32 Empowering LivesKeppelites AbroadThe Alen keyAllen keys, also called hexkeys, are known to be lightand handy tools whoseL-shape provide users withthe advantage of greaterreach and torque.For Mr Alen Ng, GM ofKeppel Logistics (Foshan)(KLF) in Guangdong Provinceof China, a subsidiary ofKeppel Telecommunications& Transportation (KeppelT&T), a cohesive and welltrainedteam is akin to havingsuch an important tool in themanagement toolkit of acompany.This is why people focushas been key to Mr Ng. Hesets aside time to meet anddraw feedback from localmanagers as well as nonmanagerialstaff includingsupervisors and engineersindividually. He also makesit a point to meet eachdepartment regularly.His approach has yieldedpositive results, as he shared,“Taking in their perspectivesand insights have helpedme better understand thelocal mindset and how toeffectively motivate mystaff and support them inachieving satisfaction intheir jobs. In turn, I foundthat close engagement withmy staff helped them tobecome more receptiveto new ideas and ways ofworking.“This is particularly importantbecause, as a logisticscompany, other than excellentinfrastructure, the quality ofour service standards is keyto differentiating us fromour competitors. We haveto constantly seek ways toimprove and do things betterand faster. A service-orientedmindset must permeatethrough the ranks.”One of the new programmesAlen has introduced is thejob rotation programme.Some were initially resistantto change but once theylearnt to see the benefitsof the programme for thecompany and for theirown development, manyhave demonstrated opennessto try.Alen’s passion in people andcommitment to achievingexcellence has no doubthelped him to overcomethe myriad challenges ofworking abroad.He has had to learn fromscratch the government’scorporate taxation policies,manpower regulationsMr Alen Ng (far left), GM of Keppel Logistics (Foshan) and also Director of Jilin Sino-SingaporeFood Zone International Logistics Co. Ltd., briefs Mr Sun Zhengcai (second from left), PartySecretary of Chongqing City and former Party Secretary of Jilin Province on the Sino-Singapore Jilin Food Zone International Logistics Park Projectand such. With the helpof colleagues, he has alsopicked up some Cantonese,the lingua franca for social aswell as business conversationsin Guangdong.“On the personal front,a big challenge is being apartfrom my wife and two youngchildren. We overcome thisby planning our schedulescarefully such that I can bewith the family for at least afew days each month, eitherin Foshan or in Singapore,”he shared.In return, his hard-earnedrewards provide a sense ofsatisfaction, as he sharedfurther, “I am learning a lotfrom the overseas experienceand from taking on newand diverse responsibilities,which has required me to bemore resourceful and adoptdifferent viewpoints to solveproblems. The experiencealso stretches my professionalboundaries and broadens myskill-sets, which prepares mefor further growth both as aKeppel employee and as anindividual”. keppeliteKeppelite I January 2013

Nurturing Nurturing Communities 33Investing in educationIn line with Keppel’s businessthrust to empower individualsand uplift communities,Keppel Care Foundationand the Singapore Instituteof Technology (SIT) jointlyestablished the “KeppelStudy Grant” in December2012 to give students fromeconomically disadvantagedbackgrounds access to aquality education at SIT.A total of six grants,valued at $5000 each,will be awarded to selectundergraduate studentspursuing any of the degreeprogrammes offered by theinstitute.In addition, to spur academicexcellence and nurturefuture leaders, KeppelCorporation has committedto sponsor the “SIT–KeppelGold Medals” for 10 years,starting in December 2012.The Gold Medals comprisefive cash awards of $5,250each, and are disbursed totop graduating studentspursuing selected full-timedegree programmes at SIT.These degree programmesinclude the Bachelor ofEngineering with Honoursin Marine Engineeringo ff e re d b y N e w c a s t l eUniversity, and the Bacheloro f E n g i n e e r i n g w i t hHonours in MechanicalDesign Engineering offeredby University of Glasgow.SIT provides an industryfocuseduniversity educationin partnership with localpolytechnics and reputableoverseas universitiesto produce top-qualitygraduates for growth sectorsof the economy. keppeliteSupporting the engineeringcommunityKeppel FELS has donateda model of its proprietaryKFELS B Class jackup rig tothe National University ofSingapore (NUS) Faculty ofEngineering’s Heritage &Life Gallery.This rig design has provenitself to be the trusted,reliable workhorse of theindustry, with more than30 units deployed all overthe world. The donationof the model is part ofKeppel FELS’ ongoing effortsto support the engineeringcommunity and cultivateinterest in the offshore andmarine industry.The gallery – which is opento the public and locatedin the foyer of Block EA,School of Engineering, NUS– provides insights to thehistory and growth of thefaculty through the yearsas well as the achievementsof its staff, students andalumni. keppeliteNUS students drawn to the KFELS B Class jackup rig model donated by Keppel FELS to theuniversity’s Heritage & Life GalleryKeppelite I January 2013

34 Nurturing CommunitiesSailing for a causeEvery year, the 120-yearold sailing vessel Vega,together with its volunteercrew, delivers donations ofmedical, educational andfarming supplies to someof Southeast Asia’s poorestisland communities.In 2012, Keppelites ralliedbehind Vega’s meaningfuljourney by contributingsupplies for the needy inIndonesia. Marina at KeppelBay also waived Vega’sberthing fees when it stoppedover at the marina. keppeliteChildren of poor communities in Indonesia thanked Keppelites for their donationsContributing to clean beachesStaff from Keppel SeghersEngineering (Qatar) donnedsun protection and armedthemselves with trash bagsto participate in the ThirdAnnual Mesaieed BeachClean-up Campaign on13 December 2012.Aimed at preserving thenatural beauty of Qatar’scoastlines, the campaign,organised by the MesaieedIndustrial Cities Operations(Mesaieed City), ralliedparticipants in a meaningfulday of volunteerism.Some 350 volunteers from23 private companies wereroped in, cleaning up thebeaches alongside theSealine Beach Resort aswell as a three-km stretchalongside the road near theresort. keppeliteArmed with their trash bags and sun gear, employees from Keppel Seghers Engineering(Qatar) were amongst 350 volunteers who cleaned up the beaches in Mesaieed, Qatar, on13 December 2012Keppelite I January 2013

Nurturing Communities 35Small steps, big smilesOftentimes, one kind wordor a simple gesture can makesomeone’s day. For 76-yearoldMadam Lim, it was beinginvited to sing her favouriteHokkien song, ‘ 要 拼 才 会赢 ’ (‘Yao Pin Cai Hui Ying’)during an Elderly Befriendingsession organised by KeppelVolunteers on 22 December2012.She belted out the song,which is about hard-foughtvictories in life, to her heart’scontent to an audience ofsome 50 elderly residentsunder the care of the TelokBlangah branch of the MoralSenior Activity Centre, withwhom 12 Keppel volunteerscelebrated Christmas.The volunteers led themin a dance and sing-alongsession with Christmas songs,followed by a karaoke sessionof popular oldies. PopularKorean pop song ‘GangnamStyle’ raised spirits as thegroup stepped to its catchybeats. The old folks were alsotreated to a catered lunchand Christmas gifts fromKeppel Volunteers.It was not just the elderlythat enjoyed the fun andmeaningful session. Firsttimevolunteer Herwin Koh,Accounts Executive fromKeppel Energy, took homea piece of inspiration whichgladdened his heart.“One of the most memorabletimes during the eventwas when an 85-year-oldgrandma shared with me herinvolvement in social workin a local temple despiteproblems with both herlegs which had previouslyundergone surgery. I amgreatly inspired by her kindheartedness and positivespirit,” he recounted.Regular volunteer, S.Sendhilkumar, Engineer(Mechanical & Piping) atKeppel Singmarine, was alsotouched by how little it tookto bring joy to the old folks.“We had only spent afew hours with these elderly,but it had meant a lot tothem, many of whom areliving alone. It is amazingthat despite their old age,they participated anddanced with such greatenergy and enthusiasm. Ithink the greatest rewardfrom interacting with themis witnessing their smileyfaces. To me, a smile ontheir face is worth a milliond o l l a r s , ” c o m m e n t e dSendhilkumar.To fellow Keppelitesinterested in trying outa c t i v i t i e s o r g a n i s e dby Keppel Volunteers,Sendhilkumar shared wordsof encouragement fromMother Teresa, “Let us notbe satisfied with just givingmoney. Money is not enough,money can be good, but theyneed your hearts to lovethem. So, spread your loveeverywhere you go.”This volunteer sessioncomes under the KeppelVolunteers’ BefrienderProgramme which wasintroduced in June 2012.This initiative complementsthe Home Maintenanceprogramme, which helps tomaintain clean and healthyliving environments forsenior citizens. keppeliteKeppel Volunteers and the old folks from the Telok Blangah branch of the Moral SeniorActivity Centre dancing to popular Korean pop song ‘Gangnam Style’Keppel Volunteers including S. Sendhilkumar (far left), Engineer (Mechanical & Piping) atKeppel Singmarine, and the elderly giving a thumbs up to the Christmas celebrationKeppelite I January 2013

36BackPageCapping the year with new contractsKeppel Offshore & Marine (Keppel O&M) ushers in 2013 on the back of a strongorder book, capped as at end-2012 with three new contracts which bring the group’stotal order wins for the year to about $10 billion.Keppel O&M capped 2012with three new contractssecured in December, wortha total of $420 million.Mr Tong Chong Heong,CEO of Keppel O&M, said,“With the strong confidenceand support of new andrepeat customers, KeppelO&M continues to be theprovider of choice for abroad range of offshore andmarine projects.“2013 will be a busy year forus as we continue to focuson the quality executionof all our projects – we arecommitted to ensure thatthey are delivered safely,promptly and to highcustomer satisfaction. We willalso enhance our capabilities,and so extend our range ofvalue-added services.”Keppel Singmarine securedtwo of the three newcontracts. Hydro MarineServices, Inc., a subsidiaryof McDermott International,Inc (McDermott), hasengaged the company forthe construction of a highspecificationdeepwaterpipelay (S-Lay) vessel.Developed by Keppel’s MarineTechnology Development(MTD), this vessel is designedto support advanced pipelayKeppel Singmarine’s two new contracts secured at end-2012 were for the construction of a high-specification deepwater pipelay (S-Lay) vesseland a dive support vesselo p e r a t i o n s , i n w h i c hpipelines are installed todepths of up to 10,000 feet.It is also capable of achievingefficient pipelay rates forlong trunklines, operating insevere weather conditions,and providing significantthrust output and powerdistribution.Works for the pipelay vesselis scheduled to commence in1Q 2013 and is expected tocomplete in about two anda half years.Keppel Singmarine’s othernew contract is fromAustralia-based BhagwanMarine Pty Ltd (BhagwanMarine) to build a catamaran( t w i n - h u l l e d ) a i r d i v esupport vessel (DSV)designed by Incat CrowtherPty. Ltd. When completedin 1Q 2014, the DSV will bedeployed in the Northwest ofWestern Australia to supportthe operations of ApacheEnergy Ltd.The third contract, securedby Keppel Shipyard, is fromEMAS Offshore Constructionand Production Pte Ltd(EMAS Offshore) to modifyand upgrade an existingFloating Production Storageand Offloading (FPSO) facility,Lewek Arunothai.The yard’s workscopeincludes the installationof new structures, pipingsystems and deck crane,refurbishment of the livingquarters as well as thefabrication and installationof the rigid arm and externalturret mooring systems.When completed in 2Q2013, the FPSO will bedeployed as an EarlyProduction System in theKamelia field, located inthe North Malay Basinoff Peninsular Malaysia.The upgraded FPSO willbe capable of handling175 million standard cubicfeet per day (MMscfd) ofgas, 1000 barrels per day(bpd) of condensates and500 bpd of water. keppelitePrinted on recycled paperKeppelite I January 2013