May/June 2010 - Keppel Offshore & Marine

BUSINESSStrengthening ties with NantongCB Choo, CEO of Keppel Corporation and Chairman of Keppel O&M, receiving the appointment plaque asthe advisor for SSTIP from Ding Dawei, Mayor of the Nantong Municipal Government on 10 June 2010Reflecting the strong friendshipbetween Keppel and Nantong,CB Choo, CEO of KeppelCorporation and Chairman ofKeppel O&M, was appointed as anadvisor for the Sutong Science &Technology Industrial Park (SSTIP)in Nantong, China, on 10 June2010.The Mayor of Nantong MunicipalGovernment, Ding Dawei andhis delegation were in Singaporeto formally appoint the advisorsfor SSTIP at Ritz Carlton Hotel.Joining CB Choo were five otherrepresentatives from severalleading Singapore companies whohad agreed to serve on SSTIP’sadvisory panel.Formally launched in May 2009,the SSTIP is a collaboration projectbetween Nantong DevelopmentZone, the Suzhou Industrial Parkand China-Singapore SuzhouIndustrial Park Development Co.,Ltd. It is a new international hightechpark located to the northof Yangtze River, adjacent to theSuzhou-Nantong Bridge. SSTIP aimsto create a model for high-techand eco-friendly development, andwill become a new growth driverfor Nantong’s economy.Keppel’s links with Nantongstarted in 2005 when it acquiredand invested in an inactiveshipyard in Nantong, which hasbecome the present KeppelNantong Shipyard. Investmentin the facility has augmentedKeppel’s newbuilding capacity forspecialised vessels. This helpedto meet the increasing demandfor vessels from the growth inliquefied natural gas terminals andmaritime ports, as well as to servethe burgeoning offshore fielddevelopment market.The Nantong delegation alsocalled on Mr Mah Bow Tan,Singapore’s Minister for NationalDevelopment, to update him onthe latest developments in SSTIPand related activities taking placein Singapore.OffshoreMarine May – June 201027