May Top in governance 5. Strong camaraderie in Houston 16. Keppelites at SEA Games 37. Shaping future leaders

Transcription

1 May Top in governance 5 Strong camaraderie in Houston 16 Keppelites at SEA Games 37 Shaping future leaders MCI (P) 133/02/2015

2 Contents SUSTAINING GROWTH Seventh KFELS B Class Bigfoot jackup for Ensco 4 Top in governance 5 Keppel DC REIT included in MSCI Index Singapore s largest infrastructure-focused trust commences trading 6 Topping up of Sedona Hotel Yangon s new Inya wing 7 Celebrating the world s largest sheerlegs 8 Handing over Runcorn Phase 2 9 Strong showing at Sea Asia 10 Championing safety 12 Success for 8 Chifley Square in Sydney 13 Third Beijing win Green stamps of approval 14 Strong camaraderie in Houston 16 Coming on board 18 New lease of life for Songa Venus 19 P-61 achieves first oil Safety excellence and sharing 20 Special FOCUS An incubator of leaders 22 Steady liftboat progress 24 Most attractive employer Insights on the ground 25 Safety milestone in Brazil Engaging the public sector 26 Systems certified 27 Data centres of excellence Eight years of excellence 28 Saving through solar Learning platform 29 Spurring Innovations Innovative LNG tug design 30 EMPOWERING LIVES Recognition for strong union ties 31 Robust partnership for growth Facilitating exchanges 32 Keppel Credit Union convenes Deepening collaborations in China 33 Keeping the blaze at KRC 34 Shooting stars 36 Keppelites take the SEA Games stage 37 Keppelites Around the World Fourth-generation Keppelite 38 NURTURING COMMUNITIES First glimpse into the Gallery 39 Reaching out to youth and elderly 40 Spurring green innovation 41 Raising eco-awareness Maritime Mission 42 Gifts of kindness Keppel Volunteers Mother s Day with a view 43 BACK PAGE FLNGV Gimi secures charter 44 Cover image: Keppel Leadership Institute, the centerpiece of Keppel Group s talent management strategy, was officially opened by Dr Lee Boon Yang, Chairman of Keppel Corporation and Mr Loh Chin Hua, CEO of Keppel Corporation on 27 April The opening ceremony was attended by senior management as well as participants of the inaugural Emerging Leaders Programme and their supervisors. Published for people in the Keppel Group by the Group Corporate Communications Division, Keppel Corporation Limited, 1 HarbourFront Ave, #18-01 Keppel Bay Tower, Singapore Printed by Image Printers Pte Ltd, Blk 1002, Redhill Industrial Estate, Jalan Bukit Merah, #03-12, Singapore Editorial Advisor Wang Look Fung Editor Eva Ho Editorial Committee Aaron Bay, Ang Lai Lee, Brian Higgs, Candice Low, Carol Huang, Cheryl Goh, Chew Chong Peng, Donald Sng, Eileen Tan, Elizabeth Widjaja, Frances Teh, Gabriela Hott Soares, Grace Chia, Hayley Teo, Hoo Yao Lin, Ivana Chua, Jayne Yeo, Kevin Ho, Lee Wan Jun, Maria Rutz, Mia Liu, Priscilla Chong, Razali Maulod, Roy Tan, Say Huan Yuan, Serena Toh, Song Jia Jia, Sue Ann Huang, Tang Yi Bing, Teri Liew, Tracy Pham, Woon Pek Yong, Yolanda Guo CO REG NO: N

3 Editorial When zero is the goal At the recent launch of the National Workplace Safety and Health (WSH) Campaign 2015, Guest-of-Honour Mr Tan Chuan-Jin, then-minister for Manpower and current Minister for Social and Family Development, highlighted Keppel as an example of a successful company that embraces the value of WSH and commended our steadfast commitment towards achieving zero injuries in the workplace (see page 12). At the same event, WSH Council unveiled its Vision Zero movement, which aims to develop the mind-set that all workplace injuries and health issues are preventable. in enhancing safety infrastructure, systems, knowledge and skillsets across the Group, an increase of 30% from the year before. Over 60,000 personnel have received training at Keppel Safety Training Centres and Safety Awareness Centres since The Group was also conferred 39 WSH Awards by the WSH Council in 2014, surpassing the 32 awards received previously. Even as a Group with diverse businesses, Keppel continues to work at improving safety standards and practices with several initiatives amongst its management, staff, contractors and subcontractors. Vision Zero strikes a chord at Keppel because its objectives dovetail with our own vision: that everyone who works in our yards, plants, worksites and offices across the globe is able to return home safely every day. Keppel sees the safety and well-being of our employees as critical to our long-term success. In fact, it is an integral part of Keppel s Vision 2020, the Group s holistic development roadmap towards the year At the inaugural Global Keppelites Forum in January 2015, CEO of Keppel Corporation Mr Loh Chin Hua described the Group s Vision 2020 as one that all employees will be proud of and feel a sense of ownership in, leading to a safer, more productive work environment for all. The Keppel Group Safety Convention held annually since 2007 is an important platform for reflecting on lessons learnt and improvements for us to progress on our safety journey. Improved attitudes toward WSH are only meaningful if they translate to practical action on the ground. This is why our convention includes the recognition of Safety Innovation Projects, practical solutions to safety challenges developed and implemented by Keppelites, often together with other stakeholders. While we recognise that we face many challenges on our safety journey as a Group, we are driven by the conviction that with focus and tenacity, we can achieve our vision of zero accidents, zero losses. Vision 2020 galvanises us to continue on the right path. In 2014, Keppel invested $52 million

4 4 Sustaining Growth 4 Sustaining Growth Seventh KFELS B Class Bigfoot jackup for Ensco ENSCO 110, which was delivered by Keppel FELS to Ensco earlier this year, has received a three-year charter contract with National Drilling Company (NDC), one of the largest drilling contractors in the Middle East, commencing operations in May 2015 in offshore United Arab Emirates. ENSCO 110 is the seventh KFELS B Class Bigfoot jackup rig currently in Ensco s fleet and is the latest generation of the series. Mr Wong Kok Seng, MD of Keppel Offshore & Marine (Offshore) and Keppel FELS, said, Our KFELS B Class design has proven to be the industry benchmark, and jackups of this design are successfully working in many parts of the world. ENSCO 110 is the latest generation rig that has been further enhanced with increased performance and cost efficiencies as well as improved safety and environmentally-friendly features. Ensco is one of the world s leading offshore rig operators. We are honoured to be able to again deliver to them, another high quality rig of our proprietary design, and to do so safely, on time, and on budget. We have a win-win partnership with Ensco, having delivered some 19 newbuild projects since Developed by Keppel s technology arm, Offshore Technology Development, the KFELS B Class Bigfoot is capable of working at water depths of up to 400 feet with a maximum drilling depth of 30,000 feet. ENSCO 110 has a 1.5 million-pound derrick, TDS-8 top drive and 4-ram 15,000-psi blowout preventer (BOP), with accommodation for 150 persons. The other six KFELS B Class rigs in Ensco s fleet are ENSCO 104, ENSCO 105, ENSCO 106, ENSCO 107, ENSCO 108 and ENSCO 109. Keppel FELS has also delivered seven semisubmersibles as well as three ENSCO 120 series jackups based on the KFELS Super A Class design to Ensco, with another under construction. In addition to newbuild projects, the yard also modified the drillship ENSCO DS-6. ENSCO 104 is also contracted by NDC for a three-year term. keppelite ENSCO 110 is the seventh KFELS B Class Bigfoot jackup rig currently in Ensco s fleet and has been chartered for operations in offshore United Arab Emirates

5 Sustaining Growth 5 Top in governance Affirming Keppel s longstanding commitment to strong corporate governance, three of the Group s companies are among Singapore s top 25 listed companies in terms of corporate governance, according to the Asean Corporate Governance Scorecard released on 30 April The scorecard is produced by the Singapore Institute of Directors and National University of Singapore Business School s Centre for Governance, Institutions and Organisations (CGIO). Keppel Land and Keppel Corporation are among the top ten companies in Singapore, and were ranked Keppel companies are ranked among Singapore s top 25 companies in terms of corporate governance. The strong tone at the top is set by the Group s respective boards of directors, including that of Keppel Corporation (pictured) seventh and 10th respectively. Keppel Telecommunications & Transportation (Keppel T&T) was ranked 22nd. The ranking is based on the Organisation for Economic Co-operation and Development s principles of corporate governance. The top 100 companies in Singapore by market capitalisation were assessed and scored in five major areas rights of shareholders, equitable treatment of shareholders, role of stakeholders, disclosure and transparency, as well as responsibilities of the board. Keppel previously performed well in another CGIO initiative, the Governance & Transparency Index Keppel Corporation clinched the top spot, while Keppel Land and Keppel T&T were ranked sixth and 21st respectively. keppelite Keppel DC REIT included in MSCI Index Keppel DC REIT was added to the MSCI Singapore Small Cap Index with effect from 29 May 2015 after close of market. MSCI conducts reviews of the constituents of the Index on a semi-annual basis, and qualifying companies need to have a minimum listing period. The addition of Keppel DC REIT to the Index is no small feat given that the REIT only started trading on the Singapore Exchange (SGX) on 12 December Since its debut on SGX, Keppel DC REIT, the first data centre real estate investment trust to be listed in Asia, has been trading at a healthy premium to its offer price of $0.93 per unit. The MSCI Singapore Small Cap Index was launched on 1 January 2001 and is designed to measure the performance of the small cap segment of the Singapore stock market. MSCI is a leading provider of researchbased, mission critical investment decision support tools for investors globally. Keppel also features on other MSCI Indices Keppel Corporation and Keppel Land are constituents of the MSCI Global Sustainability Index, and Keppel Land is listed on the MSCI Global Socially Responsible Index. keppelite

6 6 Sustaining Growth Singapore s largest infrastructurefocused trust commences trading Keppel Infrastructure Trust (KIT) commenced trading on the Singapore Exchange (SGX) on 18 May 2015 as the enlarged Trust. This follows the completion of the acquisition of Senoko Waste-to-Energy (WTE) Plant, Keppel Seghers Tuas WTE Plant and Keppel Seghers NEWater Plant. With the injection of these three assets into its portfolio, the enlarged KIT is the largest Singapore infrastructurefocused business trust listed on the SGX. KIT will also undertake its approved acquisition of Keppel Merlimau Cogen Plant (KMC), a top-tier 1,300 MW gas-fired power plant in Singapore. After the KMC acquisition, which is expected to be completed by 3Q 2015, KIT will have an expected total asset size of over $4 billion. Mr Khor Un-Hun, CEO of Keppel Infrastructure Fund Management, the Trustee- Manager of KIT, said, With an enlarged and diversified portfolio, Keppel Infrastructure Trust s ability to offer investors long-term, predictable and sustainable returns is enhanced. Furthermore, with the transactions, the Trust has grown significantly in scale and size, which will strengthen its ability to pursue more meaningful growth opportunities. To finance the KMC acquisition, KIT has successfully raised $525 million through a private placement and preferential offering. The equity deal is the largest to date in Singapore this year and represents about 36% of KIT s outstanding units before the equity fund raising exercise. The private placement attracted strong institutional interest from new and existing investors, and was more than two times subscribed. We are deeply encouraged by the strong investor interest in our equity fund raising. The increase in free float and institutional unitholder base will help KIT enhance the liquidity of its units and its ability to raise additional capital to finance future growth opportunities, said Mr Khor. keppelite After undertaking the approved acquisition of Keppel Merlimau Cogen Plant (pictured), the enlarged Keppel Infrastructure Trust will have an expected total asset size of over $4 billion

7 Sustaining Growth 7 Topping up of Sedona Hotel Yangon s new Inya wing Expanding its hospitality business to meet rising demand, Keppel Land will add another 420 rooms to its Myanmar portfolio as the new wing of Sedona Hotel Yangon progresses on track. Keppel Land is building on its first mover advantage in Myanmar as it expands its hospitality business with the new 29-storey Inya Wing at Sedona Hotel Yangon, expected to be completed in end Speaking at the Topping-up Ceremony for the Inya Wing on 29 April 2015, Mr Ang Wee Gee, CEO of Keppel Land, said, As Myanmar is expected to enter into a phase of sustained economic growth, the property market in Yangon is poised to deliver healthy performance over the next few years. We are excited about the opportunities to grow with Myanmar as it opens up and attracts more businesses and foreign investments, as well as tourists. Myanmar continues to enjoy increasing tourist arrivals, which is forecast to reach 4.5 million in 2015 and 7.5 million in As evident from the topping-up of Sedona Hotel Yangon s Inya Wing today, we have expanded and refurbished our hotels to cater to the rising demand. At the same time, Keppel Land, together with our Keppel Land marked the topping-up ceremony of Sedona Hotel Yangon s Inya Wing in Myanmar on 29 April Gracing the event was H.E U Myint Swe, Chief Minister of Yangon Region (fourth from right); in the presence of H.E Dr Tin Shwe, Deputy Minister for the Ministry of Hotels and Tourism (second from right); H.E U Hla Myint, Mayor of Yangon City (second from left); Singapore Ambassador to Myanmar, Mr Robert Chua (third from left), Deputy Chairman of Woh Hup Mr Kim Yong (extreme left) as well as Chairman of Keppel Corporation Dr Lee Boon Yang (fourth from left); CEO of Keppel Corporation and Chairman of Keppel Land Mr Loh Chin Hua (third from right) and CEO of Keppel Land Mr Ang Wee Gee (extreme right) partner Shwe Taung Group, is meeting the needs of international businesses expanding in Myanmar. Specifically, our joint venture of a 23-storey office tower, integrated into the mixed development of Junction City, will fill the gap for Grade A office space in Yangon s central business district. The office tower is expected to be completed in the first half of Present at the event was His Excellency U Myint Swe, Chief Minister of Yangon Region, His Excellency Dr Tin Shwe, Deputy Minister of Hotels and Tourism, His Excellency U Hla Myint, Mayor of Yangon City, His Excellency Mr Robert Chua, Singapore Ambassador to Myanmar, Dr Lee Boon Yang, Chairman of Keppel Corporation, and Mr Loh Chin Hua, CEO of Keppel Corporation and Chairman of Keppel Land. Dr Tin Shwe said, We are heartened that one of Singapore s leading property developers, Keppel Land, with its diversified experience and hallmark excellence, is participating in Myanmar s growth. Apart from contributing through its hospitality business, Keppel Land is also bringing its experience in prime office developments to Yangon s central business district. I am confident that Keppel Land s joint venture office tower with the Shwe Taung Group in the Junction City development will be a significant landmark in Yangon. Through the years, both Sedona Hotel Yangon and Sedona Hotel Mandalay have garnered numerous awards for their high standards of hospitality. Sedona Hotel Yangon was named Myanmar s Leading Hotel Suite in 2014 and Myanmar s Leading Hotel in 2013 while Sedona Hotel Mandalay was named Myanmar s Leading Resort in 2013, all by the World Travel Awards. keppelite

8 8 Sustaining Growth Celebrating the world s largest sheerlegs Asian Lift, a joint venture between Keppel Offshore & Marine (Keppel O&M) and Smit Singapore, a member of the Boskalis Group of Companies, celebrated the naming of Asian Hercules III, which is the largest and most versatile heavy-lift sheerlegs of its kind in the world, on 15 May The self-propelled floating sheerlegs can perform single lifts of up to 5,000 tonnes and carry out tandem lifts exceeding 5,000 tonnes with multiple cranes. Asian Hercules III increases Asian Lift s fleet size to a total of five sheerlegs, which include the 400-tonne Asian Helping Hand lll, the 1,600-tonne Asian Hercules and the 3,200-tonne Asian Hercules II. The sheerlegs were built by Keppel Nantong Shipyard, Keppel O&M s yard in Nantong, China, which delivered the crane with a perfect safety record of no lost-time incidents. Mr Chow Yew Yuen, CEO of Keppel O&M and Chairman of Asian Lift, said, Asian Hercules III is a reflection of how Asian Lift has grown from strength to strength since Keppel and Smit forged a strategic partnership to form the joint venture 30 years ago. Today, Asian Lift is known for its unparalleled lifting capabilities. We are confident that Asian Hercules III will help to broaden Asian Lift s coverage and opportunities beyond its traditional markets to include offshore installations and decommissioning work, and to also further its reach into international markets. Keppel O&M will benefit from Asian Lift s expanded capabilities as the company continues to contribute to our quality execution of projects ranging from the construction of highspecification rigs to ship conversions and specialised shipbuilding. Measuring 106m long and 52m wide with a hook height of at least 120m, Asian Hercules III took on its first assignment in Singapore upon delivery earlier this year. Together with Asian Hercules II, Asian Hercules III carried out a tandem lift for the 5,300-tonne upper hull of an accommodation semisubmersible that Keppel FELS is constructing. keppelite Celebrating the naming of Asian Hercules III were senior management of Keppel, Asian Lift, Smit and Boskalis including Guest-of-Honour Mr Tong Chong Heong (third from left), Senior Advisor to Keppel Offshore & Marine, and Lady Sponsor Mrs Catherine Tong (fourth from left) Asian Hercules III, the largest heavy-lift sheerlegs of its kind in the world, can perform single lifts of up to 5,000 tonnes

9 Sustaining Growth 9 Handing over Runcorn Phase 2 Keppel Seghers Belgium N.V. and Keppel Seghers UK Limited (collectively, Keppel Seghers) have handed over Phase 2 of the Runcorn Energy-from-Waste (EfW) facility in the UK to the client Viridor EfW (Runcorn) Limited. The Runcorn EfW facility comprises two phases of equal capacity. Phase 1 is owned by INEOS Runcorn (TPS) Limited (TPSCo), a joint venture between INEOS, Viridor and John Laing. Phase 2 is owned by Viridor EfW (Runcorn) Limited, a special purpose vehicle owned by Viridor Waste Management Limited. Keppel Seghers handed over Phase 2 to the client on 24 April 2015 after successfully completing a 30-day reliability test. Earlier this year on 18 January 2015, Phase 1 was completed and handed over. Both phases are operated by Viridor. The combined first and second phases are able to process up to 850,000 tonnes of refuse-derived fuel (RDF) per annum. Both phases convert refuse into renewable energy comprising approximately 80 MW of electricity and 52 MW of thermal energy in the form of steam. The plant supplies the neighbouring INEOS chemicals manufacturing facility with green energy, reducing the facility s reliance on fossil fuels. Mr Tan Boon Leng, ED (Waste-to-Energy) of Keppel Infrastructure, the parent company of Keppel Seghers, said, We are happy to see the realisation of this landmark project as it cements Keppel Seghers position in the market and confirms the company s ability to deliver one of the most energy-efficient and world-class EfW facilities. Mr Phil Piddington, Chief Operating Officer of Viridor s Energy Division, added, We are pleased to have now taken over as the sole operator of this flagship North West energy recovery facility. I would like to thank our contractors, technology partners and our direct employees in Runcorn, who have all worked hard to get to this point. Servicing the North West region, the Runcorn EfW facility will provide a waste solution for businesses and local authorities. It will help to achieve the Greater Manchester Waste Disposal Authority s target of 75% landfill diversion. The EfW facility features Keppel Seghers proprietary technologies, including water-cooled multi-stage grates, boiler, and a double dry flue gas treatment system that treats emissions to the highest standards, ensuring full compliance with EU and local air quality requirements. keppelite Built by Keppel Seghers, the Runcorn Energy-from-Waste facility is able to process up to 850,000 tonnes of refuse derived fuel per annum and help achieve the Greater Manchester Waste Disposal Authority s target of 75% landfill diversion

10 10 Sustaining Growth Guest-of-Honour Mr Lui Tuck Yew, Singapore s Minister for Transport and Second Minister for Defence (fourth from right), was hosted at Keppel O&M s booth at Sea Asia by Keppel O&M senior management comprising (from right): Mr Chin Sze Kiun, GM (Commercial Repair), Keppel Shipyard; Mr Chor How Jat, MD, Keppel Shipyard; Mr Michael Chia, MD (Marine & Technology), Keppel O&M and Chairman, Singapore Maritime Foundation; Mr Chow Yew Yuen, CEO, Keppel O&M; Mr Abu Bakar, MD, Keppel Singmarine; Mr Louis Chow, ED (Commercial), Keppel Shipyard; and Mr Charles Sim (second from left), GM (Offshore Production), Keppel Shipyard Strong showing at Sea Asia Amidst a low oil price environment, members from the maritime and offshore industry gathered at Sea Asia 2015, held from 21 to 23 April 2015, to discuss Asia s voice in world shipping and how the maritime community in Asia can chart its future growth. Keppel Offshore & Marine (Keppel O&M) was one of the major exhibitors at Sea Asia Exhibitors at the event included established industry names such as PSA International and Keppel s longstanding customer Bumi Armada Berhad. Keppel O&M also sponsored the welcome reception held on the first day of the conference and exhibition. Co-organised by Seatrade and the Singapore Maritime Foundation (SMF), Sea Asia is an anchor event held in conjunction with Singapore Maritime Week. It is attended by the most influential and respected leaders in the maritime industry. Into its fifth edition, Sea Asia serves as a focal point for both the global and local maritime communities to network, explore new businesses, and showcase the latest maritime innovations, equipment and services. One of the key highlights of this year s event was the Sea Asia Global Forum which saw industry personalities from shipping companies, banks, and classification societies discuss trends and issues impacting the maritime industry. Topics debated included sustainability, shipping finance and the impact of oil prices on the industry. Sea Asia 2015 also featured the Offshore Marine Forum which brought industry experts together to discuss the challenges and opportunities facing the region s offshore marine sector.

11 Sustaining Growth 11 Keppel O&M management catching up with government and industry officials, offshore and marine company representatives, trade media and analysts who converged at the Keppel-sponsored Sea Asia 2015 welcome reception Speaking at the opening ceremony on 21 April 2015, Guest-of-Honour Mr Lui Tuck Yew, Singapore s Minister for Transport and Second Minister for Defence, noted that Asia was fast becoming the engine of global growth and that the maritime industry needed to be prepared. He said, All signs suggest that Asia will drive global shipping in the coming years. Shipping patterns have shifted and will continue to move towards Asia. Mr Michael Chia, MD (Marine & Technology), Keppel O&M and Chairman of SMF, said at the opening ceremony, Sea Asia serves as a good platform for the global maritime community to come together to discuss pertinent maritime issues, explore growth opportunities in Asia, exchange ideas and views with fellow industry players, and perhaps find solutions to the challenges that are facing the industry today. Through this platform, we hope to project the voice of Asia in a more concerted manner and cement Singapore s standing as a key thought leader in maritime issues and a leading international maritime centre in this region. During the opening day of Sea Asia 2015, Minister Lui kicked off his tour of the exhibits with a stop at Keppel O&M s booth, where he was received by Mr Chow Yew Yuen, CEO of Keppel O&M, Mr Chor How Jat, MD of Keppel Shipyard, Mr Abu Bakar, MD of Keppel Singmarine, and other Keppel O&M senior management. The day ended with a Keppel O&M-sponsored welcome reception which provided a good platform for management to catch up with long-time customers and partners as well as reach out to new and emerging offshore and marine companies. keppelite

12 12 Sustaining Growth Championing safety The Keppel Group s commitment to safety is integral to the success of its operations. To continually reinforce a strong safety culture within the Group, Keppel actively supports national safety campaigns and constantly explores new initiatives to strengthen the safety mindset of employees across the Group. Supporting National WSH The Keppel Group was a Platinum Sponsor of the National Workplace Safety and Health (WSH) Campaign 2015, which was launched on 24 April 2015 at Playspace@ SCAPE. Organised by the WSH Council (WSHC) in collaboration with the Ministry of Manpower and WSH Institute, the National WSH Campaign sets the stage for WSHC s outreach efforts for the rest of During this year s event, Guest-of-Honour Mr Tan Chuan-Jin, then-minister for Manpower and current Minister for Social and Family Development, unveiled the WSHC s Vision Zero movement with the message, I can prevent all injuries and be healthy at work. The aim is to emphasise that all injuries and ill health at work are preventable. Mr Tan highlighted Keppel as an example of a company that has embraced the value of WSH and pledged commitment towards zero injuries. For Keppel, WSH is core to the organisation and embedded in their DNA, he said. Their WSH culture is synonymous to a culture of care. Ask Keppel for their key performance indicator for WSH and they will say it is Beyond Zero. Keppel is one example of how the industry has transformed itself significantly. Keppel is not just about good profits but also about genuinely looking after its employees, Mr Tan said. Strengthening Keppelites safety A newly-formed Health, Safety and Environment (HSE) Committee has been formed to look into strengthening the overall safety and wellness of Keppelites at Keppel Bay Tower. The committee, which consists of Keppelites from Keppel Corporation and Keppel Infrastructure, met for the inaugural meeting on 29 April Spearheaded by Mr Jaggi Ramesh Kumar, General Manager, Group HSE, Keppel Corporation, the committee aims to increase safety awareness by carrying out health and safety assessments, organising health and wellness activities and pushing for green programmes, amongst other initiatives. keppelite The newly formed Group HSE Committee led by Mr Jaggi Ramesh Kumar (standing, sixth from left), GM, Group HSE, Keppel Corporation, will look into strengthening workplace safety and health

13 Sustaining Growth 13 Success for 8 Chifley Square in Sydney Located in the heart of Sydney s central business district, Keppel REIT s 8 Chifley Square continues to raise the benchmark in architectural and sustainable excellence in Australia as well as in Asia. The 34-storey office tower became the biggest winner at the 2015 Property Council of Australia (PCA) Awards in May 2015, clinching three top honours, namely the highly coveted Australian Development of the Year, Best Office Development, and Best Sustainable Development (New Buildings) awards. At the Asia Pacific Property Awards 2015, 8 Chifley Square clinched another three awards Best Commercial High-Rise Development (Australia), Best Office Development (Australia) and Best Office Architecture (Australia). The judges were impressed by 8 Chifley Square s unique and revolutionary workplace Third Beijing win design comprising of two stacked modules of 12 and nine floors, with vertical villages ranging between two and four storeys. The villages present a bold new concept for commercial office design, said PCA s Chief Executive Ken Morrison. We believe that 8 Chifley Square sets the benchmark for future offices that drive cultural change, enhance collaboration and provide productive and healthy places for people. keppelite For its unique and modern design, Keppel REIT s 8 Chifley Square in Sydney has clinched numerous awards Keppel Seghers, a leading provider of environmental solutions and a subsidiary of Keppel Infrastructure, has secured a contract to provide technology packages and services to a waste-to-energy (WTE) plant in Beijing. Awarded by BMEI Co., Ltd, the technology package sale is Keppel Seghers third project win in China s capital city and bolsters the company s position as a leader in imported WTE technologies in the country. Located in Beijing s Shunyi District, the plant will be able to treat 700 tonnes of municipal waste per day when operations commence in Keppel Seghers will provide its process design, equipment supply and technical services for the furnace, hydraulic system, combustion control and flue gas treatment of the plant. Keppel Seghers first project win in Beijing was from the Chaoyang District government in August 2013 to provide technology packages for the Gao An Tun WTE plant. Its second project win in the capital city was from the Beijing Hua Yuan Hui Zhong Environmental Protection Science & Technology Co Ltd in January 2015 to provide technology packages for the Asuwei WTE plant in Changping District. An artist impression of the WTE plant in Beijing Shunyi District for which Keppel Seghers has secured a deal to provide technology packages and services When completed, the three plants will have a combined treatment capacity of 5,500 tonnes per day of municipal solid waste equivalent to around 35% of the volume of waste generated in Beijing daily. keppelite

14 14 Sustaining Growth Green stamps of approval The Keppel Group swept a total of eight BCA Awards including the BCA Built Environment Leadership Award (Gold Class) received by Mr Ang Wee Gee, CEO of Keppel Land (sixth from left) and the BCA Green Mark Platinum Award for the Low Carbon Living Lab, received by Mr Ho Tong Yen, CEO of SSTEC (sixth from right) The Keppel Group is committed to manage the environmental impact of its operations responsibly. In recognition of the environmentally-friendly design and construction of its buildings and facilities, the Group received eight Building and Construction Authority of Singapore (BCA) Awards at the ceremony held on 14 May Keppel Land In the property division, Keppel Land clinched the coveted BCA Built Environment Leadership Award (Gold Class), BCA Quality Excellence Award (Quality Champion, Gold), BCA Universal Design Mark Gold PLUS (Design) Award for Highline Residences, BCA Universal Design Mark Gold (Design) Award for The Luxurie and BCA Green Mark Pearl Award for Marina Bay Financial Centre (MBFC) Tower 3. Mr Ang Wee Gee, CEO of Keppel Land, said, As one of Asia s premier property companies, Keppel Land is committed to distinguish our properties with strong value offerings and hallmark quality. Through stringent building quality targets, a rigorous quality management system and close collaborations with our contractors, we ensure that every property we build is a testament of our commitment to excellence. The BCA Green Mark Pearl Award 2015 conferred on MBFC Tower 3 is a new accolade launched to emphasise the importance of total building performance and recognise developers and building owners who work with tenants to achieve environmental sustainability. Keppel Land s staff and tenants who work or reside in its buildings adopt many of the company s sustainability initiatives. Such initiatives include management systems to continuously monitor and ensure improvement in environmental performance. Keppel T&T Throughout its logistics and data centre divisions, Keppel Telecommunications & Transportation (Keppel T&T) strives to minimise its carbon footprint by designing facilities that are environmentally-conscious. In recognition of this, Keppel T&T was awarded the Green Mark Gold PLUS for Keppel DC REIT s Keppel Datahub and the Green Mark Gold for Tampines Logistics Hub. Receiving the Gold PLUS award on behalf of Keppel DC REIT was Mr Chng Hak Kiat, Chief Operating Officer (Asia Pacific) of Keppel

15 Sustaining Growth 15 Keppel T&T was recognised at the BCA Awards 2015 for its environmentally-conscious designs of Tampines Logistics Hub (left) and the Customised Data Centre Infrastructure Management System in Keppel Datahub (right) Data Centre Holdings, the Facility Manager for Keppel Datahub. Mr Chng shared, Incorporating sustainability into our strategy, whether in building new data centres or improving existing ones, is environmentally-responsible and makes good business sense. Enhancements to our existing data centres reduce our carbon footprint and increase overall Power Usage Efficiency, a key indicator that companies look for when partnering with a data centre provider. This translates into more energy-efficient systems and better cost savings for our customers. landmark Lab Located in the Sino- Singapore Tianjin Eco-City, the Low Carbon Living Lab (LCLL) which started operations in 2014, clinched the Green Mark Platinum Award, the highest honour for sustainable building design. Mr Ho Tong Yen, CEO of Sino-Singapore Tianjin Eco-City Investment and Development Co., Ltd (SSTEC), said, The LCLL is the first BCA Green Mark Platinum building in a temperate zone and in China. Its development reflects SSTEC s efforts to adopt green building technologies and environmental design best practices in the Sino- Singapore Eco-City. Through sustainable design and construction practices, we can conserve resources and reduce the impact of the built environment on human health and our surroundings. The LCLL is a project developed by SSTEC with support from BCA, International Enterprise Singapore and the Sino- Singapore Tianjin Eco- Enhancements to our existing data centres reduce our carbon footprint and increase overall Power Usage Efficiency, a key indicator that companies look for when partnering with a data centre provider. This translates into more energy-efficient systems and better cost savings for our customers. Mr Chng Hak Kiat, Chief Operating Officer (Asia Pacific), Keppel Data Centre Holdings City Administrative Committee. Designed to be a Living Lab, the LCLL encourages test-bedding and demonstration of green building features, energysaving building technologies and renewable energy adoption. Notably, 28% of the LCLL s energy utilisation is derived from renewable sources; it consumes 30% less energy compared to similar buildings in Tianjin, and 30% of materials used in the construction of the building were recyclable. keppelite

16 16 Sustaining Growth Customers, partners and friends catching up at Keppel s party (from L-R in each photo): 1. Mr Carl Trowell, CEO, Ensco; Mr Loh Chin Hua, CEO, Keppel Corporation and Chairman, Keppel O&M; Mr Tong Chong Heong, Senior Advisor, Keppel O&M; 2. Mr Frederik Smidth, Chief Technical Officer, Maersk Drilling; Mr Morten Poulsen, Technical Director, Maersk Drilling; Mr Choo Chiau Beng, Senior Advisor, Keppel Corporation; Mr Harold Linssen, MD, Keppel Verolme; 3. Ms Wang Look Fung, Director, Group Corporate Affairs, Keppel Corporation; Mr Chow Yew Yuen, CEO, Keppel O&M; Mr David Williams, Chairman, President & CEO, Noble Corporation; Ms Julie Robertson, Executive Vice President & Corporate Secretary, Noble Corporation; Mr Choo Chiau Beng; Mr Jonathan Fairbanks, Partner and Co-founder, Global Energy Capital; 4. Mr Wong Kok Seng, MD, Keppel O&M (Offshore) and Keppel FELS; Mr Luong Van Cuong, Director of PVD Logging, PV Drilling, Mr Pham Tien Dung, President & CEO, PV Drilling Strong camaraderie in Houston A highlight of the annual Offshore Technology Conference (OTC) in Houston, Texas, USA, is Keppel Offshore & Marine s (Keppel O&M) cocktail reception, where the company s senior management meets with customers and partners from oil and gas companies, drilling and production operators, classification societies and key equipment providers. Held on 5 May 2015 at the Westin Galleria, Keppel O&M s reception at OTC 2015 drew about a thousand guests together to network, talk business and renew friendships. Guests also learned more about Keppel O&M s businesses through the display panels and product models on exhibit. These included updates on the company s yards in Brazil and Texas as well as its latest technological offerings such as Liftboats, Plug and Abandonment jackup rigs and Floating Liquefaction Vessels. Founded in 1969, OTC is one of the world s largest oil and gas conferences. OTC 2015 saw more than 94,700 attendees from 130 countries gather to advance knowledge for the safe and sustainable development of offshore oil and gas resources. keppelite

17 Sustaining Growth Mr Chor How Jat, MD, Keppel Shipyard; Mr Curtis Lohr, Project Manager, Projects & Technology, Shell International Exploration and Production; 6. Mr Abu Bakar Mohd Nor, MD, Keppel Singmarine; Mr Jorge Villalpando, Perforadora Central; Mr Chow Yew Yuen; Mr Patricio Alvarez Morphy, General-Director, Perforadora Central; 7. Professor Chow Yean Khow, ED, Maritime Institute@National University Singapore; Mr Choo Chiau Beng; Mr N. Pharr Smith, Senior Vice President, Operations Support; Rowan Companies; 8. Mr Loh Chin Hua; Mr Takashi Nishino, Executive Managing Officer, MODEC; 9. Mr Tong Chong Heong; Mr Alan Quintero, Senior Vice President, Operations West, Transocean; 10. Mr Wong Kok Seng; Mr Ramiro Garza Vargas, CEO, Grupo R; Mr Chow Yew Yuen; 11. Mr Louis Chow, ED, Commercial, Keppel Shipyard; Mr Stein Rasmussen, MD Houston, SBM Offshore; 12. Mr Chow Yew Yuen; Mr Geir Ove Eikill, Vice President, Mobile New Builds, Statoil; 13. Mr Keith Teo, GM, Marketing, Keppel FELS; Mr Toshiki Abe, Deputy GM, Japan Drilling Company; Mr Chris Ong, ED, Commercial, Keppel FELS

18 18 Sustaining Growth Coming on board Mr Koh Ban Heng Mr Alan Tay Mr Daniel Ee Keppel Infrastructure Fund Management Pte Ltd (KIFM), as Trustee-Manager of Keppel Infrastructure Trust (KIT), has appointed three new directors to its Board. Effective from 1 May 2015, Mr Koh Ban Heng was appointed as an independent director and Chairman of the Board, and Mr Alan Tay Teck Loon as a non-executive and non-independent director. They have respectively replaced Mr Khor Poh Hwa and Mr Tan Boon Leng, both of whom stepped down from the Board on 1 May In addition, Mr Daniel Cuthbert Ee Hock Huat, formerly the Chairman of CitySpring Infrastructure Management Pte Ltd, the former Trustee-Manager of CitySpring Infrastructure Trust, was appointed as an independent director with effect from 19 May Mr Alan Ow Soon Sian, independent director and Chairman of the Nominating Committee, KIFM, said, On behalf of the Board, I would like to thank Poh Hwa and Boon Leng for their invaluable contributions to KIT. Its track record of delivering steady and recurring returns to unitholders through the years demonstrates the resilience of the Trust. I would also like to welcome Ban Heng, who has extensive years of experience in the oil and gas sector, as well as Alan, who will bring on board his experience in corporate finance, business development and strategic investments. Mr Koh said, I am honoured to be taking over the baton at this juncture, and look forward to working with the Board and management to continue building on the momentum of the Trust. On behalf of the Board, I would like to welcome Daniel. His experience serving in CitySpring and strong background in corporate finance will no doubt add diversity and strengthen the Board. With the appointment of Mr Koh, Mr Tay and Mr Ee, KIFM now has eight directors, of whom six are independent. keppelite

19 Sustaining Growth 19 New lease of life for Songa Venus A significant part of Keppel FELS work includes rig repairs and refurbishments. The yard recently delivered the semisubmersible Songa Venus to Songa Opus Offshore Drilling (SOOD). FELS team for the successful delivery of Songa Venus. The team has played a pivotal role in the successful project execution, allowing us to take delivery of our vessel within the target date upon the completion of our Class Renewal scopes. A second semisubmersible, Songa Mecur, which arrived in Keppel FELS in January 2015, is also undergoing a five-year SPS and similar upgrading works. keppelite The rig, which arrived on 26 November 2014, was delivered on time and with a perfect safety record on 24 April 2015, after undergoing a five-year Special Periodic Survey (SPS) as well as general repairs, refurbishment and system upgrades on the deluge lines and manifolds. In a letter of appreciation to Keppel FELS, Mr Wicknesh Maratheyah, Technical Manager, SOOD, wrote, On Behalf of the SOOD team, we would like to extend our sincere thanks and appreciation to the Keppel The project teams from Keppel FELS and Songa Opus Offshore Drilling celebrating the successful delivery of Songa Venus P-61 achieves first oil The P-61 TLWP achieved first oil in Papa Terra Field offshore Brazil on 15 March 2015 Brazil s first tension leg wellhead platform (TLWP) achieved first oil on 15 March 2015 in the Papa Terra Field. FloaTEC Singapore, an equal joint venture between Keppel FELS and McDermott, was engaged by Petrobras and Chevron to build and operate P-61 in P-61 s complete hull was fabricated at BrasFELS, while the topsides were fabricated at Keppel FELS and completed at BrasFELS. In March 2014, McDermott successfully installed the ingrated TLWP in the Papa Terra Field, in the Campos Basin, at a water depth of 1,180m. keppelite

20 20 Sustaining Growth Safety excellence and sharing With safety as a core value, Keppel is committed to implement good safety practices across the Group and contribute to industry sharings. WORLD SAFETY DAY ACCOLADES On 28 April 2015, two Keppel companies were acknowledged for their strong safety culture at awards held in conjunction with the World Day for Safety and Health at Work, supported by the International Labour Organisation since Caspian Shipyard Company (CSC) emerged as one of 39 winners in a safety and health competition organised by the Azerbaijan Trade Unions Confederation. The competition received 1,650 entries from companies across various industries in Azerbaijan. CSC was one of three companies in the oil and gas sector to receive the award. This award reaffirms the continuous efforts that CSC has put in to create a safe and healthy work environment for all its employees. In March 2015, the shipyard achieved 8 million man-hours without lost-time incidents (LTI) since August Mr Ilyas Aliyev (first row, right), Deputy Chairman, Azerbaijan Trade Unions Confederation, presenting the safety award to Mr Lau Kuat Pin (first row, left), CEO, Caspian Shipyard Company, at an awards ceremony on 27 April 2015 Separately, Keppel DHCS, the largest district cooling service provider in Singapore, was one of the recipients of the inaugural National Trades Union Congress (NTUC) U SAFE Awards. The company received the award at a ceremony on 28 April 2015 at the Devan Nair Institute for Employment and Employability. Keppel DHCS was one of eight recipients of the inaugural NTUC U SAFE Sparks Award (Corporate). Mr Joseph Ng (right), CEO, Keppel DHCS, received the award from Mr Chan Chun Sing (left), Minister in the Prime Minister s Office and Secretary-General of NTUC The ceremony, also held in conjunction with the World Day for Safety and Health at Work, saw Guest-of-Honour Mr Chan Chun Sing, Minister in the Prime Minister s Office and Secretary-General of NTUC,

21 Sustaining Growth 21 presenting the award to Mr Joseph Ng, CEO of Keppel DHCS, who accepted it on behalf of the company. Jointly organised by NTUC, NTUC LearningHub and e2i, in partnership with the Workplace Safety and Health Council, the NTUC U Safe Awards are given to unionised companies and individuals who have contributed towards achieving excellence in workplace safety and health. The Keppel O&M HSE team, led by Mr Yong Chee Min (third from right), Director (HSE & Special Projects), engaged in a fruitful discussion on safety best practices with a delegation from SIA Engineering Company (SIAEC) SAFETY SHARING The Keppel O&M HSE team in Singapore was invited by two organisations to share about the company s safety practices in April During the annual Air Defence and Operations Command Safety Forum organised by the Republic of Singapore Air Force on 13 April 2015, Mr Chin Sze Kiong, HSE Manager, Keppel Shipyard, gave a talk on Keppel O&M s safety management system, as well as the company s programmes and initiatives to strengthen safety culture. On 22 April 2015, Keppel O&M hosted a delegation from SIA Engineering Company who wanted to learn more about Keppel O&M s multi-pronged approach to safety. Mr Colin Ng, Senior HSE Officer, Keppel FELS, presented on Keppel O&M s safety enhancement strategies, which include strong commitment to HSE Mr Yong Chee Min (centre), Director (HSE & Special Projects), Keppel Offshore & Marine, speaking at the seminar on Confined Space Safety in Marine Industry by the company s leadership, structured training programmes, as well as HSE campaigns. Raising the bar On 17 March 2015, Keppel O&M took part in the Confined Space Safety in Marine Industry seminar organised by the Association of Singapore Marine Industries (ASMI). Mr Chin Sze Kiong, HSE Manager, Keppel Shipyard, spoke at the seminar and shared on common hazards encountered by workers who work in confined spaces in the marine industry, and explained good mitigation practices. To raise awareness on the importance of adequate emergency response and preparedness, Mr Mohammed Nurelfi, HSE Officer, Keppel FELS, presented on various rescue operations that can be undertaken when trapped in a confined space. During the Question and Answer session, Mr Yong Chee Min, Director (HSE & Special Projects), Keppel O&M, shared, It is crucial that the industry recognises the hazards associated with work in confined spaces, and identifies and monitors the different risks. A seminar like this enables industry players to come together to formulate safe work procedures and customise suitable training for personnel working in confined spaces, thereby raising safety standards within the industry. keppelite

22 22 Special Focus An incubator of leaders A centrepiece of Keppel s talent development strategy is now in place the Keppel Leadership Institute (KLI) opened its doors on 27 April KLI is the Keppel Group s new leadership development initiative, conceived as part of the Group s strategy to achieve Vision As Keppel continues to grow into a global company, KLI will help the Group develop a pipeline of strong leaders equipped with the capabilities to grow sustainable businesses and touch lives. Officially opened by Dr Lee Boon Yang, Chairman of Keppel Corporation, and Mr Loh Chin Hua, CEO of Keppel Corporation, KLI s dedicated premise is located on the 11th floor of Keppel Bay Tower. Overlooking Keppel Bay, which is Keppel s birthplace, it is a locale imbued with historical significance. The opening ceremony of KLI was attended by more than 100 Keppelites comprising senior management, participants of the inaugural Emerging Leaders Programme (ELP) and their respective supervisors. Mr Loh shared, In keeping with our operating principles, we shall draw from the best of our talents across the globe and give them the space and opportunities to exchange ideas and share experiences. The Institute will support our aspiration of building a truly global company at the forefront of our chosen industries. An evolution of the former Keppel College, which was incepted in 2009, KLI is a formal leadership development institution. The Institute and its programmes are modelled after those of renowned colleges of other multinational corporations such as General Electric, Unilever and BNP Paribas. Beyond serving as a learning centre, KLI is a collaboration space to host robust exchanges and dialogues, and a meeting point where global bonds are forged between Keppelites. ELP participant Tay Khon- Whey, Marketing Manager, Keppel AmFELS, shared, KLI serves as an excellent avenue through which I can meet up and build strong bonds with fellow Keppelites from around the world. EMERGING LEADERS The ELP was developed by KLI in partnership with the Center for Creative Leadership. It comprises a six-month blended learning programme for Keppelites from across the world to exchange ideas, network and learn to be better leaders. Vision: Developing global leaders who exemplify Keppel s core values to grow sustainable businesses and touch lives Mission: Shaping future leaders KLI will present a diverse range of leadership programmes that are anchored on 5 strategic pillars: Leadership Series Programme Accelerate individual growth in the art and science of leadership. Global Leaders Programme: Director & above level Advanced Leaders Programme: Senior Manager to General Manager level Emerging Leaders Programme: Senior Executive to Manager level Strategic Functional Skills Hone the skills of leaders in strategic areas such as innovation, finance, strategy, risk management, people management, mergers and acquisitions and corporate governance. Leadership Essentials Guide future leaders through coaching and mentoring by senior management. Leadership Networking Learn from senior leaders and external business leaders. Talent Pool Management Provide a platform for talents across the Group to grow into better leaders.

23 23 Keppel senior management and participants of the Emerging Leaders Programme celebrated the inaugural run of the programme at the newly established Keppel Leadership Institute ELP enables participants to strengthen self-awareness and core leadership skills to work effectively in a team and navigate complex environments to achieve lasting results. To advocate the Leaders teaching leaders method, senior management are assigned roles as executive sponsors of the programme. Their roles are instrumental as they help to shape the programme, share Keppel DNA and mentor the participants in their actionlearning projects. Mr Robert Chong, Director of Group Human Resources, Keppel Corporation, shared, We are developing new exciting approaches to learning and will leverage the vast experience of our senior leaders to help design the training programmes. Proprietary Keppel case studies were developed in consultation with senior management to capture lessons learnt by our leaders in the past. Projects are tailored to touch on some of the most pressing issues faced by senior management. These issues range from fostering a strong innovation culture and tapping on vast opportunities in emerging markets, to leveraging the combined synergies of various business units. Sharing his experience as a participant of the pilot run, Mark Lee, Project Manager, Keppel Infrastructure (China), said, We are challenged to think differently and deeply, and in learning from fellow participants across the globe, we are encouraged to consider issues from a global perspective. Following the intensive four-day in-class workshop, participants will go through a series of e-learning supplements and work on their projects under the tutelage of the executive sponsors. Towards the end, they will present their findings to senior management before the As I look ahead for the Keppel Group, the future is very bright. We are not constrained by our balance sheet. Our balance sheet is sizeable and strong, and it will allow us the opportunity to grow. The key to a brighter future is talent. Mr Loh Chin Hua CEO Keppel Corporation programme concludes in August keppelite Thirty-two Keppelites from across the Group s global operations attended the inaugural Emerging Leaders Programme, where they honed their leadership skills

24 24 Sustaining Growth Steady liftboat progress Work on the liftboat that Nakilat-Keppel Offshore & Marine (N-KOM) in Qatar is building for Gulf Drilling International (GDI) is progressing steadily. Of some 7,200 tonnes of structural fabrication work required for the project, more than half has been completed to date. The major works completed include fabrication of over 1,500 spools for the liftboat s leg piping, bilge, ballast and compressed pipings, as well as the installation of key equipment such as the main engines, transformer, switchboard and jack-house. The next project milestone is the erection of the liftboat s first tubular leg. Designed by Bennett Offshore, a naval architecture and marine engineering arm of Keppel Offshore & Marine, in collaboration with N-KOM, the liftboat is expected to be completed in end keppelite Dr Lee Chay Hoon (right), GM, Organisation Development and Human Resources, Keppel Offshore & Marine, receives the Most Attractive Employer in the Engineering & Construction Sector award from Mr Chris Pace (left), Associate Director (Engineering), Randstad Singapore Most attractive employer More than half of the structural fabrication work has been completed for the liftboat at N-KOM For the second year in a row, Keppel Corporation has been crowned the Most Attractive Employer in the Engineering & Construction Sector at the annual Randstad Awards held on 14 May 2015 at Fullerton Hotel. The award, given out by recruitment and HR services provider Randstad, is based on the perceived attractiveness of 75 of the largest commercial companies by workforce size in Singapore. Keppel Corporation was recognised for offering competitive salary and employee benefits, longterm job security, and strong management. Citing Keppel as a company that has invested heavily to build a strong employer brand, Mr Michael Smith, Randstad Country Director for Singapore, remarked that Keppel has a competitive advantage to attract and retain top talent a critical factor given Singapore s tight labour market. During a panel discussion that followed the awards presentation, Dr Lee Chay Hoon, GM, Organisation Development and Human Resources, Keppel Offshore & Marine, shared about Keppel s robust recruitment strategies and structured talent development framework. keppelite

25 Sustaining Growth 25 Insights on the ground At Keppel, safety is a core value and top priority. The Board and management of the various business units regularly walk the ground and engage with employees, project managers and contractors to ensure that a strong safety mindset is inculcated in all stakeholders at all yards and sites. As part of this outreach effort, Keppel Land s Board Safety Committee led by its Chairman, Mr Tan Yam Pin, visited the worksites of Sedona Hotel Yangon s Inya Wing in Myanmar on 29 April 2015, and International Financial Centre Jakarta Tower 2 in Indonesia on 6 May Keppel Land s Board Safety Committee visited the worksite of International Financial Centre Jakarta Tower 2 on 6 May 2015 The project teams at each site shared with the Board members on safety challenges that arose, as well as precautionary measures and solutions that were subsequently taken. keppelite Safety milestone in Brazil BrasFELS and MODEC and Toyo Offshore Production Systems Pte Ltd (MTOPS), a joint venture between MODEC and Toyo Engineering Corporation, celebrated 250,000 safe man-hours on the Floating Production Storage and Offloading (FPSO) Cidade de Itaguaí project on 29 April us continue to make this the best project that we have ever done together. The trust and cooperation between the BrasFELS and MTOPS teams gives us the opportunity to finish this job very well. It is a pleasure for us to work with BrasFELS. At the celebration event, MTOPS presented BrasFELS with a commendation plaque. BrasFELS presented three workers with certificates and bicycles for their exceptional attitude and performance. keppelite FPSO Cidade de Itaguaí is BrasFELS third FPSO project with MTOPS. The unit is on track for delivery in 2Q Mr Richard Matten, Project Manager, MTOPS, said, Let Together with MTOPS, BrasFELS celebrated 250,000 safe man-hours on the FPSO Cidade de Itaguaí project

26 26 Sustaining Growth Engaging the public sector Business units across the Keppel Group regularly share their experiences with government agencies, with the aim of maintaining and reinforcing friendly and mutually beneficial relationships. At Tuas Keppel Seghers Tuas Wasteto-Energy (WTE) Plant played host on 11 May 2015 to a delegation of six officials from Singapore s National Environment Agency (NEA), led by its CEO, Mr Ronnie Tay. Hosted by Dr Ong Tiong Guan, CEO of Keppel Infrastructure (KI), the site visit was organised as part of efforts by Mr Tay to learn more about the WTE industry in Singapore and in particular, KI s partnership with NEA in the treatment of municipal solid waste in an environmentally responsible manner through the Keppel Seghers Tuas and Senoko WTE Plants. During the visit, the NEA delegation was given a presentation on Keppel Segher s proprietary WTE technologies, such as the air cooled grates with tumbling tiles design that has been performing well in the Tuas WTE Plant since it started commercial operations in The delegation was also briefed on the excellent operations and maintenance (O&M) and safety records of the two WTE plants, which have together processed over 5.8 million tonnes of municipal solid waste and generated nearly two million MWh of electricity since Keppel Seghers took over as the O&M operator. Keppel Seghers Tuas Waste-to-Energy Plant hosted on 11 May 2015 a delegation from Singapore s National Environment Agency, led by its CEO, Mr Ronnie Tay (fourth from left), and Director-General, Environmental Protection Division, Mr Koh Kim Hock (third from left) IE Singapore in Subic A delegation from International Enterprise (IE) Singapore, comprising its board members and senior management, visited Keppel Subic Shipyard (Keppel Subic), one of two yards owned by Keppel Offshore & Marine in the Philippines, on 8 May The site visit was part of IE Singapore s visit to the Philippines. A delegation from IE Singapore led by its Board Chairman Mr Seah Moon Ming (seventh from left) visited Keppel Subic Shipyard as part of the agency s visit to the Philippines in early May The delegation, led by its Chairman, Mr Seah Moon Ming, toured the yard. During the visit, the delegation learnt about Keppel s experience of operating in the Philippines, as well as the yard s facilities, which include a 1,500-tonne gantry crane, the biggest of its kind in the country. keppelite

27 Sustaining Growth 27 Systems certified The robust Quality, Health, Safety and Environment (QHSE) management standards of Keppel AmFELS in Brownsville, Texas, USA, have been certified by DNV (Det Norske Veritas), the leading international provider of assurance and certification services. The certificates for ISO 9001 Quality, ISO Environmental and OHSAS Occupational Health & Safety management Mr Chow Yew Yuen (first row, second from left), CEO of Keppel Offshore & Marine (Keppel O&M), receiving the certificates from Ms Elizabeth Heggelund TØRSTAD, CEO of Oil & Gas DNV-GL, witnessed by Mr Loh Chin Hua (first row, second from right), CEO of Keppel Corporation and Chairman of Keppel O&M, Mr Simon Lee (first row, right), President of Keppel AmFELS and Mr Eric Phua (first row, left), VP, Commercial and Marketing, Keppel AmFELS systems were presented at a ceremony at the Offshore Technology Conference in Houston on 4 May Mr Simon Lee, President of Keppel AmFELS, said, Over the years, we have steadily improved our systems in the yard. Achieving these three internationallyrecognised certifications is an affirmation and recognition of our QHSE management systems. Everyone at the yard has worked extremely hard to achieve these accreditations and we are committed to maintain these high standards. keppelitet Data centres of excellence Keppel Telecommunications & Transportation (Keppel T&T) continues to pursue higher standards of service excellence in its data centre operations. Affirming its efforts to reduce its carbon footprint and improve service standards, Keppel DC REIT s Keppel Digihub received the Singapore Standard 564 (SS564) for Green Data Centres from DNV GL, while Keppel T&T s Keppel Datahub 2 received the TIA-942 Tier 3 certification from the Telecommunications Industry Association. The SS564 Green Data Centre certification is modelled after the ISO framework, and recognises data centres such as Keppel Digihub that have optimised their energy management systems to minimise environmental impact. Such optimisation includes the maintenance of energy-efficient lighting, air management and cooling systems. Keppel Datahub 2 s Tier 3 certification underscores Keppel Data Centres Holdings commitment to achieve some of the highest industry standards for its customers mission-critical equipment. Tier 3-certified data centres are required to conform to high standards such as redundant power and cooling infrastructure and maintaining service availability records of %. Keppel Data Centre Holdings, a wholly-owned subsidiary of Keppel T&T is the Facility Manager of both data centres. keppelite

28 28 Sustaining Growth Eight years of excellence On 29 April 2015, Keppel Merlimau Cogen Plant (KMC), located on Jurong Island, reached the milestone of being in commercial operations for eight years and achieving more than two million man-hours without any reportable lost-time incidents. Mr Ng Kiat Siang, Assistant GM of KMC operations & maintenance (O&M), the O&M operator for the plant, said, Over the past eight years at KMC, we have worked through two development phases of the plant. We also established the plant s O&M systems and cultivated a strong Keppel Merlimau Cogen recently marked its eighth year of commercial operations with an excellent safety record. As part of a clean-up initiative, its management, staff and in-house contractors picked up litter in the plant s surrounding areas on 13 March 2015 safety and committed work culture. Separately, as part of efforts to maintain a clean environment at the plant, KMC staff and their in-house contractors initiated a cleanup of the plant s surrounding areas on 13 March Led by Mr Miguel Benito Dols, Power Station Manager of KMC, management, employees and contractors picked up litter around the facility. Mr Dols shared, After two hours, we collected more than 50 big bags of trash, thanks to the teamwork of everyone involved. keppelite Saving through solar Keppel seeks to build and operate sustainable buildings with eco-friendly features to maximise the environmental performance of its properties. To that end, Keppel REIT has retrofitted the rooftop of Bugis Junction Towers with solar panels to harness solar energy. Including the solar panels atop Bugis Junction shopping mall, the entire solar panel installation covers more than 1,000 sm, making this one of the largest installations for an integrated mixed-use development in Singapore. This installation is estimated to generate 200,000 kwh of clean energy for the development, as well as mitigate 110 tonnes of carbon dioxide emissions annually. This is sufficient to power approximately 50 four-room Housing and Development Board households per year. The development is expected to enjoy savings of approximately $30,000 per annum for the next 25 years. Mr Toh Wah San, Executive Vice President of Asset Management, Keppel REIT, said, Recognising that sustainability makes good business sense, we constantly seek sustainable solutions that will reap benefits for all our stakeholders. This latest collaboration with REC to install solar panels at Bugis Junction is one such example. keppelite In line with its commitment to build and manage eco-friendly buildings, a series of solar panels has recently been installed on the rooftop of Keppel REIT s Bugis Junction Towers

29 Sustaining Growth 29 Learning platform Following the successful delivery of the Depletion Compression Platform (DCP) by Keppel Subic Shipyard (Keppel Subic) to Shell Philippines Exploration B.V. (SPEX) in February 2015, a workshop was held on 20 April 2015, bringing together management and project teams from both Keppel and Shell to share the experiences and lessons learnt from this milestone project. During the sharing event, which was held at Mandarin Oriental Hotel, Singapore, members from the SPEX and Keppel Subic project teams shared their views on what went well during the project and what could have been done better during the execution of the DCP. Scope of the areas discussed ranged from project management, safety, quality and engineering to execution. The day concluded with an award presentation during which SPEX presented Keppel Subic with a certificate of appreciation in recognition of Keppel s hallmark execution and safety excellence. Key members of Keppel s project team were also given a plaque of recognition for their good work and commitment to safety. keppelite Mr Graham Henley (third from left), Vice President (Projects Operated), Shell, presenting a certificate of appreciation to Mr Leong Kok Weng (centre), President, Keppel Subic. Also present were Mr Chor How Jat (first from left), MD, Keppel Shipyard; Mr Antoine Bliek (second from left), Project Manager (MP2 & MP3), SPEX; Mr Simon Ong (third from right), GM (Projects East), Shell; Mr Nathan Stephenson (second from right), MP3 Company Site Representative, SPEX; and Mr Toh Ko Lin (first from right), Chairman and President, Keppel Philippines Marine, Inc Fuel for thought Tell me and I forget. Teach me and I remember. Involve me and I learn. Benjamin Franklin

30 30 Sustaining Growth Spurring Innovations Innovative LNG tug design For its achievements in developing innovative solutions for the marine sector, Keppel Offshore & Marine Technology Centre (KOMtech) was recognised at the biennial Singapore International Maritime Awards (IMA) held on 21 April The awards was held in conjunction with Singapore Maritime Week organised by the Maritime Port Authority of Singapore (MPA). The research and development (R&D) arm of Keppel Offshore & Marine (Keppel O&M) received the Outstanding Maritime R&D and Technology Award for its design of an Azimuth Stern Drive (ASD) tug with a 65-tonne bollard pull capacity which can run on both Liquefied Natural Gas (LNG) and diesel fuel. The development of the dual-fuel engine tug design comes at a time when natural gas is rising in importance as an energy resource and alternative marine fuel. KOMtech s focus on LNG solutions is in line with MPA s objective of establishing Singapore as an LNG bunkering port by While a number of companies have been developing LNG fuel gas systems (LFGS) for ships, most designs face technical challenges with more improvements needed to achieve a higher level of safety and fuel efficiency. In 2012, faced with these challenges, KOMtech started to develop an LFGS with a robust LNG vaporiser for marine applications. The fruit of its R&D efforts an innovative and patented LNG vaporiser design which was incorporated into the tug design successfully brings together all the advantages of existing LNG vaporisers in the market. Compared to other LNG vaporisers, KOMtech s system has the additional advantages of having lower capital expenditure and operating costs, and is more compact and safe. KOMtech also incorporated smart designs into its tug to enhance safety and comfort. For instance, the LNG vent and piping are arranged so that the accommodation quarters in the lower deck area are situated away from the potential danger zone. The LNG fuel is carried in containerised, type-c ISOcertified tanks on the main deck, and refuelling can be as simple as replacing the empty tanks with replenished ones. In 2013, KOMtech was conferred the Outstanding Maritime R&D and Technology Award for its contributions to the development of feasible solutions in deepwater drilling and production. keppelite Mr Aziz Merchant (left), ED (Deepwater Technology) of KOMtech, receiving the Outstanding Maritime R&D and Technology Award on behalf of KOMtech from Mr Lui Tuck Yew (right), Singapore s Minister for Transport and Second Minister for Defence KOMtech was recognised for its achievements in developing innovative solutions for the marine sector, such as its design of an ASD tug (artist impression pictured above) which can run on both LNG and diesel fuel

31 Empowering Lives 31 Recognition for strong union ties For making significant contributions towards promoting good industrial relations and enhancing workers welfare, Mr Wong Kok Seng, MD of Keppel Offshore & Marine (Offshore) and Keppel FELS, received a Medal of Commendation at the May Day Awards organised by the National Trades Union Congress (NTUC) on 29 April Vincent Ho Mun Choong, Senior Draftsman, Keppel FELS, was also conferred the Comrade of Labour Award for his active contributions to Keppel FELS Employees Union (KFEU). As President of KFEU, Mr Ho protected the rights of workers during the formulation of the various collective agreements, by negotiating for better terms and conditions for workers. To develop a motivated and productive workforce, Keppel Offshore & Marine makes a consistent effort to actively engage the unions and maintain strong relations through regular dialogue and other interaction sessions. keppelite Celebrating Keppel FELS wins at the May Day Awards were (first row, from fourth from left to right) Mr Chow Yew Yuen, CEO, Keppel O&M; Mr Vincent Ho, President, KFEU; Mr Tharman Shanmugaratnam, Deputy Prime Minister and Minister for Finance; Mdm Halimah Yacob, Speaker of Parliament and NTUC Advisor for International Affairs; Mr Wong Kok Seng, MD of Keppel Offshore & Marine (Offshore) and Keppel FELS; Mr Chan Chun Sing, Secretary-General, NTUC and Minister, Prime Minister s Office and Ms Atyyah Hassan, General Secretary, KFEU Robust partnership for growth The workforce at Keppel FELS is substantially supported by subcontractors who are represented on the Keppel FELS Subcontractors Executive Council (KSEC). At its fifth Annual General Meeting on 24 April 2015, Mr Ng Joo Kheong, Chairman of KSEC, reported that KSEC organised a wide range of activities in 2014 to improve relations between Keppel FELS and the subcontractors. The activities included the third Subcontractors Council Dinner, a Work at Height Course for workers, and the development of a trainee and scholarship scheme for the employment of Singaporeans by subcontractor SMEs working in Keppel FELS. Guest-of-Honour Mr Wong Kok Seng, MD of Keppel Offshore & Marine (Offshore) and Keppel FELS, thanked the subcontractors for their years of support. Mr Wong said, I am extremely proud of what we have accomplished together in delivering a record 21 rigs in 2013 and achieving zero fatalities for the yard in While the last few years have been very good for us, there will be challenging times ahead. I look forward to working closely with all our stakeholders, including our subcontractors, to continue to grow our business. keppelite

32 32 Empowering Lives Facilitating exchanges To better facilitate collaboration among Keppelites across the Keppel Group, a multi-purpose space, The Exchange, was added to Keppel Corporation s office on the 17th floor of Keppel Bay Tower. On 18 May 2015, Mr Loh Chin Hua, CEO of Keppel Corporation, officially opened The Exchange. For their creative doodle depicting teamwork on the whiteboard wall of The Exchange, Group Control and Accounts won the best doodle contest organised by Group Human Resources as part of opening festivities for the space. keppelite Located on the 17th floor of Keppel Bay Tower, The Exchange is a space for Keppelites to mingle and interact with one another Keppel Credit Union convenes Keppel Credit Union (KCU), a co-operative within the Keppel Group that facilitates the sharing of financial resources and mutual assistance, held its 36th Annual General Meeting (AGM) on 11 May 2015 at Resorts World Sentosa. Addressing the over 1,300 members present, Professor Bernard Tan, Chairman of KCU, reported that amidst the difficult economic environment, the Credit Committee and Management of KCU performed exceptionally well to record its highest net surplus of $878,604 since its inception in This was an increase of 23% from the previous year. With current membership of more than 12,000 Keppelites, KCU is dedicated to its mission to be a credit union for all employees in the Keppel Group, with the aim of inculcating the values of thrift and financial prudence. Apart from financial services, KCU s other benefits for members include free entry to three of Singapore s most popular tourist destinations, subsidised overseas trips, insurance coverage and subsidies for eye health checks, among others. keppelite Professor Bernard Tan (right), Chairman of Keppel Credit Union, presenting the top lucky draw prize to Mr Nath Saju Kanti (left), a steel-worker from Keppel FELS, at the KCU AGM

33 Empowering Lives 33 Deepening collaborations in China To facilitate collaborations and the exchange of best practices among its employees, Keppel Land China held its Annual Staff Conference from 20 to 24 April A total of 285 Keppelites from project companies based in different cities gathered at Le Royal Meridien Shanghai to learn more about the company s achievements in the past year, its strategies and initiatives looking ahead, and to share their work experiences. Through workshops, Keppel Land China participants honed up an array of skills ranging from business development to marketing Mr Ang Wee Gee, CEO of Keppel Land, kicked off the conference by reflecting on the company s performance in 2014 and encouraged Keppelites to forge ahead against headwind and strengthen the company s foothold in its core and growth markets. To sharpen their skills, staff attended training sessions on topics ranging from leadership to professional development, and workshops on topics such as project management and health and safety. The conference was also a platform to recognise teams and individuals for their exemplary achievements and work practices in For their outstanding integration of Keppel s Core Values into their daily lives and work, Keppel Land China gathered staff together for a night of fun and mirth at the Dinner and Dance Party that concluded the Annual Staff Conference 11 individuals and one team were named Core Value Exemplars. Two teams from Chengdu and Wuxi clinched the WoW! (Work of a Winner) title, which was accompanied by a cash prize, for achieving improved productivity through unity and innovation. The winning teams from Chengdu and Wuxi respectively came up with innovative ideas to improve sales of retail stores and enhance the layout of residential units. Safety, a Keppel core value, was the focus at the Keppel Land China Contractors Safety Convention on 24 April, which was held in conjunction with the annual staff conference. In his keynote speech, Mr Tan Yam Pin, Chairman of Keppel Land s Board Safety Committee, congratulated Keppel Land China for its sterling safety record of 11 million accident-free man-hours for property projects developed in He also reiterated the importance of enhancing workplace safety through collective efforts. The conference ended on a high note with a fun-filled dinner and dance. keppelite

34 34 Empowering Lives Keeping the blaze at KRC Mr Hoe Eng Hock, MD (Special Projects), Marine Division, Keppel Offshore & Marine, has been a dedicated President of Keppelite Recreation Club since 2010 One is an avid hiker; the other a keen gardener. While their preferred recreational activities may differ, both Mr Hoe Eng Hock and Mr Lim Tow Fok share an appreciation for nature and a belief in the power of recreational activities to bring people together outside of the workplace. Having devoted considerable energy to doing just that as President of Keppelite Recreation Club for the past five years, Mr Hoe, MD (Special Projects), Marine Division, Keppel Offshore & Marine, has handed over the reins to the capable hands of Mr Lim, GM of Property Management and Knowledge Management at Keppel Land. Officially elected President at the KRC Annual General Meeting on 24 April 2015, Mr Lim will keep the KRC torch blazing, driving KRC forward as a dynamic platform for Keppelites across business units to forge strong bonds. Igniting with passion In his three terms as President since 2010, Mr Hoe was passion personified as he led efforts to unite Keppelites through sports and recreational activities. These activities ranged from outings to local fish farms to overseas excursions to Cambodia, Vietnam, Korea, Hong Kong and hikes to mountains in Malaysia and Taiwan. Throughout the varying activities over the years, the man at the helm remained constant with his strong spirit and steady words of encouragement. A lover of the great outdoors, one of Mr Hoe s many passions is hiking. Mr Hoe took it upon himself to organise numerous local and overseas hikes, even arranging for training sessions to prepare participants for hikes which could climb to almost 4,000 metres above sea level. Under his leadership, KRC strengthened its expertise in organising sporting events, which enabled the club to successfully take over the responsibility of organising Keppel s annual Group-wide sports meet, Keppel Games, four years ago from Keppel Scholars.

35 Empowering Lives 35 Mr Hoe shared, Through such recreational activities, you can see the bonds between the participants strengthen right before your eyes even within a short period of time. Teamwork and synergy amongst Keppelites at work as well as at play, coupled with healthy competition, is the reason for the establishment of KRC. With the continued support of top management and the firm commitment from our sub-committees across the business units, KRC will continue to scale greater heights. keppelite Mr Hoe s seemingly endless energy has spurred us to excel in our endeavours, from detailed planning to smooth execution of all the Keppel Games. He has raised the bar for us to continue to organise great events for our fellow Keppelites in the true Can Do! spirit. Clemann Woon, Chairman, Keppel Games Main Organising Committee Receiving the torch Keppelite sat down with KRC s newly appointed President, Mr Lim Tow Fok (LTF) to chat with him about his aspirations for KRC. Q: As you take the reins, what are some of your priorities as you settle into the role? LTF: I look forward to the strong support of the KRC main committee as well as all the game conveners and volunteer organisers, as I work over the next few months to get a clearer overview of all our activities. We definitely want to build on what the members have been enjoying thus far from the sports and recreational scene. With Eng Hock staying on as Senior Adviser of KRC, I am sure that together, the team and I will be well guided into a new phase of growth. During my term as President, I would like to work on measures and systems for our activities to be more sustainable, ensure they do not have any negative impact on Mr Hoe Eng Hock (right), MD (Special Projects), Marine Division, Keppel Offshore & Marine, hands over the Presidency of Keppelite Recreation Club to Mr Lim Tow Fok, GM of Property Management and Knowledge Management, Keppel Land, after five years of dedicated service the environment, and ensure that they contribute to the communities we are in. I understand that some of these changes will take time, but I believe it is possible. Q: How will you leverage KRC to strengthen interbusiness unit bonds across the Group? A: I would like to encourage strong and enthusiastic participation from all business units. One of the key performance indicators I have set for myself is to increase membership numbers. We need to excite more Keppelites from across the Group with more awareness on our activities. One of the ways I see this being done is through roadshows. The new collaborative spaces such as Kloud in Keppel Land and The Exchange at Keppel Corporation are perfect venues for us to bring these roadshows to Keppelites at their workplaces. We will work closely with the various human resources departments across the Keppel units to execute these roadshows. Q: What sports activities will you be taking part in? LTF: (Laughs) I am not very much into sports by nature, but I will most certainly try! I enjoy planting and gardening which can be classified under recreational activities! Q: Any final thoughts to share? A: Eng Hock has set a very high benchmark during his term as President, leaving me now with pretty big shoes to fill. On behalf of KRC, I would like to express my appreciation for his contributions to the rapid growth of the club.

36 36 Empowering Lives Shooting stars On 19 June 2015, the Keppel Group will witness the birth of a new star. The final showdown of the K-Star Search, the inaugural Keppel Group-wide singing competition organised by Keppelite Recreation Club, will be held at The Star Theatre. semi-finalists performing for Keppelites and the celebrity judges comprising singer Jimmy Ye ( 葉良俊 ), Singapore Idol second runner-up. Tabitha Nauser and Benjamin Kheng* of local band Sam Wilows fame. Besides special performances by Tabitha and Benjamin, Keppelites will be treated to performances by other guest performers including local band EIC with Daphne Khoo. Keppelites can also look forward to the company of Chua Enlai and Patricia Mok* as they host this exciting event. keppelite *Asterisks indicate artistes who belong to FLY Entertainment, the event manager for K-Star Search. In what promises to be an evening of explosive performances, 11 starry-eyed semi-finalists will sing their hearts out for the chance to be crowned the first K-Star. Since the auditions on 18 April 2015 judged by renowned vocal trainer Chen Peter and Jill-Marie Thomas*, shortlisted contestants have undergone rigorous trainings and workshops to equip them with show-stopping performance skills. Contestants were thrilled to have Chen Peter coach them and impart tips for better control of their vocal range, as well as provide feedback on the musical genres best suited to their personalities. Dance choreographer Calvin Siew also shared secrets to jazz up the contestants stage presence and help them polish their fancy footwork. THE FINAL SHOWDOWN The Final Showdown on 19 June 2015 will see the 11

37 Empowering Lives 37 Keppelites take the SEA Games stage While many people find it challenging to fit regular exercise into their schedules, Zoe Seet, Graduate Engineer, Piping (Production), Keppel FELS, and Leow Ting Hao, Assistant Superintendent, Keppel FELS, work out six times a week, with each session lasting at least three hours. Such intense training is part of both Keppelites preparation to represent Singapore at the 28th Southeast Asian (SEA) Games held in Singapore from 5 to 16 June Juggling full-time jobs and grueling training sessions has certainly been a tall order but they are fuelled by their sporting passion and desire to do Singapore proud. Zoe, who is representing Singapore in volleyball, shared, Training can be demanding but I guess it all boils down to prioritising my time. It helps that my bosses and family members have been very supportive. Away from the international stage, the bubbly 25-yearold, who has been playing volleyball for almost 20 years, is active in the annual Keppel Games, representing Team Caspian in long-distance running, dragon boat, swimming and, of course, volleyball. Ting Hao has been practising archery for 19 years and is representing Singapore as the captain of the archery team in the SEA Games. Sharing how the Robin Hood movie inspired him, Ting Hao said, I was fascinated by how Robin Hood saved his entire village with his bow and that inspired me to take up archery. The 30-year-old is further motivated to pay tribute to Singapore s founding fathers by doing his best for the country. This SEA Games is extra significant because it is on our home turf during our jubilee year. My hope is for Team Singapore to compete with passion and dedication so that we can be victorious in the SEA Games and do our founding fathers proud. Two other Keppelites who will be at the SEA Games are Heng Yang Ling, Graduate Engineer, Keppel FELS, and Yeo Teck Chye, Assistant Marketing Manager, Keppel FELS, who will be involved in the Table Tennis and Taekwondo games as Technical officials. Having represented Singapore as umpires for various national and international events, they were invited to officiate in the upcoming games. keppelite Zoe Seet, Graduate Engineer, Piping (Production), Keppel FELS (back row, third from left), is ready to give her best as part of Team Singapore s volleyball squad As captain of the Singapore archery team, Leow Ting Hao, Assistant Superintendent, Keppel FELS, hopes to be on target for the SEA Games

38 38 Empowering Lives Keppelites Around the World Fourth-generation Keppelite For Tay Khon-Whey, Marketing Manager, Keppel AmFELS, oil rigs and ships have always been a familiar sight, even from a young age. After all, the 37-year-old had opportunities to visit Keppel s yards in Singapore and Brazil throughout his growing years. Coming from a family of offshore and marine men, making excursions to shipyards was a regular part of Khon-Whey s childhood. Indeed, Khon-Whey s great grandfather, granduncle and father all had long careers at shipyards. His great grandfather, Koh Peng Yam, was the first local electrical foreman in the Dockyard Department of the Singapore Habour Board, subsequently re-named PSA Singapore, and he even received the British Empire Medal in 1958 for his long and illustrious career with the Board. Down the family line, Khon-Whey s father, Mr Tay Kim Hock, started as a Management Trainee in Keppel Shipyard in November 1972 before rising through the ranks to eventually helm Keppel FELS Brasil as CEO from June 2000 to October Mr Tay subsequently retired from Keppel in April Perhaps it was his early exposure to the offshore and marine industry that eventually influenced Khon- Whey s career choice later on in life. Recounting his trips to the yard as a teenager, Khon-Whey mused, When I visited our yard in Brazil back then, I was impressed by its sheer size and how massive its projects were. Till today, I am amazed by how we transformed BrasFELS to the bustling yard that it is now. Upon his graduation in 2004, Khon-Whey joined Keppel Offshore & Marine (Keppel O&M) USA as a Project Analyst where he played a part in reviewing projects to ensure that they are delivered on time, on budget and with a perfect safety record. After his eight-year service with Keppel O&M USA and a one-year stint in BrasFELS as a Project Controller in 2009, Khon-Whey relocated from Houston to Brownsville where he took on the role of a Marketing Manager in Keppel AmFELS. The shift meant that Khon- Whey s family, including Beach outings are a common fixture in Khon-Whey s schedule, during which he enjoys quality time with his family his children, aged four and two, had to uproot as well. Khon-Whey shared, Having your family close to you is important as they provide an immense source of strength. Even though Brownsville is in the same state as Houston, it is not sustainable to drive four to five hours per trip to see my family. Adapting to a new community and culture was not a huge challenge for the sprightly young man, who shared further, I think it all boils down to taking on new opportunities and challenges with the right mindset. Houston is the largest city in Southern United States and the most populous city in Texas. It is a more bustling city compared to Brownsville, with more amenities catering to tourism. However, both cities are appealing in their own ways. I have been pleasantly surprised by what Brownsville has to offer. The city has its rustic charms, wide open spaces and many festivals that celebrate the rich Hispanic culture. keppelite

39 Nurturing Nurturing Communities 39 First glimpse into the Gallery Pairing rich history with exciting modernity, the National Gallery Singapore is a reincarnation of the former Supreme Court and City Hall buildings. The Keppel Group is a Founding Partner of the Gallery, which will open in October 2015 and feature three main spaces, one of (From L-R) National Gallery Singapore Director of Business & Corporate Strategic Development Group Mr Kola Luu and Director of Projects & Facilities Management Group Ms Sushma Goh; Chairman of Singapore Visual Arts Cluster Mr Koh Seow Chuan; Keppel Corporation Chairman Dr Lee Boon Yang; National Gallery Singapore CEO Ms Chong Siak Ching; Keppel Corporation Director of Group Corporate Affairs Ms Wang Look Fung; and National Gallery Singapore Director of Education & Programmes Ms Suenne Megan Tan taking in the Padang Atrium during a tour of the Gallery (All images courtesy of National Gallery Singapore) which is the Keppel Centre for Art Education. In late April, Keppel enjoyed a sneak preview of the refurbished buildings, including glimpses into the progress of the Keppel Centre for Art Education. The visit was one of the Naked Museum tours which provided a preview of the buildings before the mounting of artwork. The Gallery also held an Appreciation Night on 24 April 2015, where Minister for Culture, Community and Youth & Second Minister for Communications and Information Mr Lawrence Wong was the Guest-of- Honour. At the event was Keppel Corporation Chairman Dr Lee Boon Yang, who also toured the museum. The National Gallery has a fantastic wow factor. It is destined to become one of Singapore s architectural and cultural jewels. In time to come, all Singaporeans will love this gem. Its treasure trove of art will nurture appreciation of the arts and inspire Singaporeans to greater artistic achievements, Dr Lee said. Established with a $12 million commitment from Keppel, the Keppel Centre for Art Education occupies over 1,000 sm of the ground level of the Gallery s City Hall wing. Comprising four distinct art environments a Children s Museum, an interactive Art Playscape, a Project Gallery and a Tactile Art Corridor the Centre will provide an immersive and creative learning environment for the young and resources for educators and researchers. keppelite Enjoying National Gallery Singapore s Appreciation Night were (From L-R) Keppel Corporation Chairman Dr Lee Boon Yang, Minister for Culture, Community and Youth & Second Minister for Ministry of Communications and Information Mr Lawrence Wong, who was the Guestof-Honour, and former Cabinet Minister Mr George Yeo. Dr Lee is a former Minister for Information, Communications and the Arts while Mr Yeo is a former Minister for Information and the Arts The Supreme Court Terrace is one of the striking locales of the National Gallery Singapore, which is housed in the former Supreme Court and City Hall buildings

40 40 Nurturing Communities Reaching out to youth and elderly As a responsible corporate citizen, Keppel Land continues to contribute to the communities in which it operates. In Vietnam In April 2015, Keppel Land Vietnam officially adopted Vinh Son School, a school for underprivileged children, in District 7 of Ho Chi Minh City (HCMC), Vietnam. To celebrate, members of Keppel Land Vietnam s Corporate Social Responsibility (CSR) committee visited the school on 22 April Founded and managed by Ms Lam Thuy Hoang Oanh, who converted her home into a safe haven for the less fortunate children, Vinh Son School currently enrolls about 100 students in the first through fifth grades. Most students come from lowincome migrant families who moved to HCMC in search of better work opportunities. Keppel Land Vietnam has pledged to provide the school with a bottle of milk a day for each student, 178 sets of school uniforms, 89 backpacks, a personal computer, a 24-inch television with TV rack, a DVD player, government text books, and a shelf of books donated by Keppel Land Vietnam staff. Keppel Land Vietnam will also sponsor the school s utility bills from April to December Thanking the company for its generosity, Ms Oanh said, The care of Keppel Land gives me motivation to continue this good cause. The kids were delighted to meet the volunteers from Keppel Land when they came to visit. In China Meanwhile in Shanghai, China, volunteers from Keppel Land China visited the elderly residents of Changning District 2nd Welfare Institution on 29 April Keppel Land Vietnam has officially adopted the Vinh Son School, in Ho Chi Minh City, Vietnam, which caters to students from low-income migrant families This is Keppel Land China s second visit to the old folks home since To bring cheer to the elderly, the volunteers put up performances and presented them with gifts of clothes, fruit baskets and delicious treats. Volunteers from Keppel Land China brought smiles to the elderly residents of the Changning District 2nd Welfare Institution in Shanghai with their performances during a visit Mr Patrick Lim, CFO of Keppel Land China, shared, It was a joyful reunion as most of the elderly residents recognised us from our first visit last year. They kept telling us how happy they were to see us again. This has definitely strengthened our belief in continuing to spread goodwill and give back to society. keppelite

41 Nurturing Communities 41 Spurring green innovation Ideas by university students to conserve the environment were showcased at the Sino- Singapore Tianjin Eco-City on 9 May 2015 as part of a competition. Shortlisted projects discussed a range of topics from water treatment and renewable energy technology to new uses for waste materials. Organised by the Sino- Singapore Tianjin Eco-City Investment and Development Co., Ltd (SSTEC) and Drucker Youth Community (DYC), the annual Varsity Eco-Innovation & Green Action competition aims to encourage social and technological innovation among university students as well as promote environmentally-sustainable lifestyles. Mr Luo Jiajun (sixth from right), Vice Chairman of Tianjin Eco-city Administrative Committee; Mr Xia Qing (fourth from left), Chairman of the Panel of Judges and former Vice-President of China s Environmental Academy of Science; and Mr Ho Tong Yen (fifth from right), CEO of SSTEC, together with distinguished guests and the winning team of the annual Varsity Eco-Innovation & Green Action competition Now into its fourth year, the competition has gained more traction. It garnered 83 entries this year, an increase over last year s submissions by 40%. Following a rigorous selection process by a panel of experts, eight projects from seven universities were shortlisted for the finals. Nanchang Aviation University emerged as the champion with their design of a solarpowered unmanned drone that has vertical take-off and landing capabilities. The competition is in line with the green vision of SSTEC, the master developer of the Sino-Singapore Tianjin Eco-City project. The Keppel Group was entrusted to lead the Singapore consortium for the project, and works in close tandem with its Chinese Consortium partner to guide the joint venture, SSTEC. keppelite Raising eco-awareness As a leading green developer, Keppel Land seeks to inculcate an eco-mindset amongst stakeholders. In conjunction with Earth Day on 22 April 2015, an annual worldwide initiative in support of environmental protection, Keppel Land organised a lunchtime talk on Balancing Urbanisation and Maintaining Biodiversity. This was a follow-up event to the National Butterfly Campaign, a Nature Society (Singapore) event which was supported by Keppel Land. The invited speaker, Mr Shawn Lum, President of the Nature Society (Singapore), shared his insights and experiences in raising environmental awareness in an urban jungle such as Singapore. Mr Steven Neo, Deputy GM, Property Management and Knowledge Management of Keppel Land and a recreational lepidopterist, also shared on the natural habitat of butterflies as well as the characteristics of the six butterflies which were candidates for the title of Singapore s National Butterfly. In support of the National Butterfly Campaign, which ended on 30 April 2015, Keppel Land rallied tenants and residents of its properties and Keppelites across the Keppel Group to vote for the national butterfly. keppelite

42 42 Nurturing Communities Maritime Mission Marina at Keppel Bay recently supported Mission Row Around Singapore Island (RASI), a 24-hour rowing mission, to raise funds for underprivileged seafarers. Mission RASI saw two teams embarking on a 140 km journey circumnavigating Singapore, darting amongst the busy shipping lanes to compete for charity. The first rowing event of its kind, Mission RASI was held in Singapore on 22 and 23 April 2015 to coincide with this year s Singapore Maritime Week. Celebrating the race with the rowers was GM of Marina Management at Keppel Land Hospitality Management Mr Trevor Fong (in long-sleeved shirt) Gifts of kindness Committed to contribute to the communities in which it operates, Keppel Offshore & Marine (Keppel O&M) plays an active role in meeting the needs of the vulnerable segments of societies. During a visit to Mother Teresa Sister s Monastery, an old folks home in Baku, Azerbaijan, volunteers from Caspian Shipyard Company (CSC), Keppel O&M s yard in Azerbaijan, discovered that the home was lacking in medical supplies and other items. Determined to help, the management of CSC decided to contribute a hospital bed, a wheelchair and medical supplies for the home s elderly residents. On 15 May 2015, Mr Lau Kuat Pin, CEO of CSC, visited the home and presented the items to the residents, taking the opportunity to chat with the residents and staff. keppelite Mr Lau Kuat Pin (centre in suit), CEO of Caspian Shipyard Company (CSC), along with other CSC employees, paid a visit to Mother Teresa Sister s Monastery and presented gifts of medical supplies and equipment

43 Nurturing Communities 43 Mother s Day with a view It was a picturesque day out for some elderly residents from Thye Hua Kwan (THK) Bedok Radiance Seniors Activity Centre (SAC) as over 20 Keppel volunteers brought them on an excursion to the Singapore Flyer over the Mother s Day weekend on 9 May The Keppel volunteers carefully guided the elderly into the capsules of the giant Ferris wheel and helped to point out Singapore s landmarks. For many of the elderly, it was their maiden ride on the Singapore Flyer and they were enthralled by the scenic views and majestic sights. inspired the senior citizens to share their reflections on Singapore s dramatic transformation over the past five decades. Recounting her conversation with 82-year-old Madam Chung, Chia Pei Ying, Procurement Engineer, Keppel Infrastructure, said, Madam Chung spoke about how she witnessed Singapore s rapid transformation from a swampy village to the clean and green city in which we dwell. Listening to her stories made me realise that I am very fortunate to be living in such a beautiful and peaceful city. volunteers. Celine Chiam, Assistant Finance Executive, Keppel FELS, shared, Since our event coincides with Mother s Day, we thought it would be a sweet gesture to personally create roses for the elderly residents who may be parents themselves. We also bought chocolates for the fathers in the group to include them in our show of gratitude. These simple gifts brought bright smiles to the faces of the senior citizens. The elderly lady I was looking after was really thrilled to receive our flowers and card. I drew little hearts on the card attached to the flower as I knew that she is illiterate and she was very touched by our sincerity, shared Elvina Chieng, Procurement Officer, Keppel Shipyard. keppelite Seeing Singapore s beautiful skyline from such a high vantage point also The elderly were also treated to chocolates and roses handmade by the Keppel volunteers enjoyed listening to the senior citizens reflections on Singapore s physical transformation as they enjoyed a ride on the Singapore Flyer together Listening to the stories of Madam Chung (right), Chia Pei Ying (left), Procurement Engineer, Keppel Infrastructure, gained a new perspective on Singapore s transformation over the years To celebrate Mother s Day, Keppel volunteers crafted stalks of roses as gifts for the elderly residents

44 44 BackPage FLNGV Gimi secures charter The second Floating Liquefaction Vessel (FLNGV) conversion project, which Keppel Shipyard will be undertaking for Golar LNG Limited (Golar), has secured a 20-year charter contract for operations in Block R, Equatorial Guinea, starting from the first half of On 5 May 2015, Golar, which awarded the conversion contract to Keppel Shipyard, announced that it had signed a binding Heads of Terms with Ophir Energy Plc (Ophir) and GEPetrol, for the provision of the FLNGV, the Gimi. Gimi is the second Moss Liquefied Natural Gas (LNG) carrier which Golar has entrusted Keppel Shipyard to convert into an FLNGV. The Heads of Terms was formally ratified the following week by GEPetrol, Golar s partner in Block R in Equatorial Guinea. The agreement is being structured as a 20-year tolling contract, and establishes the key commercial terms for Golar to build, operate and maintain the FLNGV and facilities at Ophir s operated Fortuna floating LNG project in Block R. The Heads of Terms between Golar and Ophir is a positive development reflecting the interest the market has in mid-sized FLNGV conversion solutions, which are faster and more cost effective than conventional liquefaction facilities. Full construction activities of the Gimi will commence when Keppel Shipyard receives a notice to proceed. At full capacity, the Gimi FLNGV will have a contracted capacity of 2.2 million tonnes of LNG per annum. Keppel Shipyard will provide the design, detailed engineering and procurement of the marine systems and all of the conversion-related construction services for the vessel. Keppel Shipyard has engaged Black & Veatch to provide design, procurement and commissioning support services for the topsides, as well as the liquefaction process utilising its established PRICO technology. The award of the conversion contract of the Gimi from Golar to Keppel Shipyard in end 2014 marked the exercise of the first of two options, which were part of an earlier firm contract awarded by Golar to Keppel Shipyard for the conversion of the first Moss LNG carrier, the Hilli, into an FLNGV. The Hilli is scheduled to commence commercial operations in Cameroon during the first half of Following the signing of this Heads of Terms with Ophir, Golar and Keppel Shipyard will commence discussions on the third FLNGV conversion project. keppelite Management from Keppel Shipyard, Golar LNG and Ophir Energy celebrate the signing of a binding Heads of Terms between Golar LNG and Ophir Energy. The signing at Keppel Shipyard was witnessed by H.E. Gabriel Mbaga Obiang Lima (centre in blue shirt and grey suit), Minister of Mines, Industry and Energy of Equatorial Guinea Printed on recycled paper