Honouring Mr Lee Kuan Yew
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6 36 12 Contents Remembering Singapore’s Founding Prime Minister 3 EMPOWERING LIVES Groomed for success 26 SUSTAINING GROWTH Keppel FELS delivers its 100th jackup rig 11 Developing the workforce Achieving the milestone 12 Nurturing business skills 27 Insights on disruptive strategy Striking start 14 Greeting the Year of the Goat 28 Runcorn Phase 1 commences commercial operations 15 Honouring loyal service 30 New biomedical facility at Sino-Singapore Eco-City 16 Keppelites Around the World Staying vigilant 17 Making connections in Shanghai 31 Close collaboration Paddling to victory 32 Stellar start 18 Bountiful feast 33 Marks of agility 19 Show time Safety stewards 20 NURTURING COMMUNITIES New Year blessings 34 New appointments 21 Viva La Fiesta Strong support for workplace wellness 22 Touching lives 35 Top of the game 23 Going green 36 Safe at work 24 Goals for a cause 38 Conserving water to beat the dry spell Keppel Volunteers Spurring Innovations A gift of love 39 Innovating to reduce safety risks 25 BACK PAGE Keppel REIT tops out Old Treasury Building 40 Cover image: Over 600 Keppelites across the Group paid tribute to Singapore’s Founding Prime Minister, Mr Lee Kuan Yew, in a ceremony held at Keppel Island on 25 March 2015. Published for people in the Keppel Group by the Group Corporate Communications Division, Keppel Corporation Limited, 1 HarbourFront Ave, #18-01 Keppel Bay Tower, Singapore 098632. Printed by Image Printers Pte Ltd, Blk 1002, Redhill Industrial Estate, Jalan Bukit Merah, #03-12, Singapore 159456. Editorial Advisor Wang Look Fung Editor Jayne Yeo Editorial Committee Aaron Bay, Ang Lai Lee, Brian Higgs, Candice Low, Carol Huang, Cheryl Goh, Chew Chong Peng, Donald Sng, Eileen Tan, Elizabeth Widjaja, Eva Ho, Frances Teh, Gabriela Hott Soares, Grace Chia, Hayley Teo, Hoo Yao Lin, Ivana Chua, Kevin Ho, Lee Wan Jun, Maria Kozhanova, Mia Liu, Priscilla Chong, Razali Maulod, Roy Tan, Sam Neo, Say Huan Yuan, Serena Toh, Song Jia Jia, Sue Ann Huang, Tang Yi Bing, Teri Liew, Tracy Pham, Woon Pek Yong, Yolanda Guo Keppelite I March 2015 CO REG NO: 196800351N
Remembering Singapore’s Founding Prime Minister Keppelite reproduces a tribute to Founding Prime Minister Mr Lee Kuan Yew by Dr Lee Boon Yang, Chairman of Keppel Corporation, at the memorial event held by the Keppel Group on 25 March 2015. Mr Lee Kuan Yew 1923 – 2015 Source: The Straits Times © Singapore Press Holdings Limited. Reproduced with permission. Fellow Keppelites, We are gathered here this evening Minister Lee Hsien Loong and his visionary who devoted his entire life to pay our respects to our Founding family on the passing of his beloved to Singapore. We and generations Prime Minister Mr Lee Kuan Yew. father. of Singaporeans to come will remain indebted to Mr Lee for laying the On behalf of the boards, management Founding Prime Minister Mr Lee strong foundations to make our small and staff of the Keppel Group, I offer Kuan Yew was both the architect country great. our deepest condolences to Prime and builder of Singapore. He was a Continues on page 4... Keppelite I March 2015
4 ...continued from page 3. Without him at the helm for the first do the flowers last? And many more was the fourth largest port in the 31 years, Singapore could not have details. We have Mr Lee to thank world then. Mr Lee said there was achieved the transformation, in his for this beautiful garden city we no reason why Singapore could not own words, “from third world to call home. take full advantage of its geographical first” in one generation. His integrity location and build a marine industry and single-minded determination to This evening we stand at the birthplace to service the ships that call at our engineer Singapore’s progress and of Keppel. Surrounding us are the port regularly. success is legendary. He crafted the beautiful and iconic condominiums key policies to attract multinational built by Keppel Land, our award- Keppel and other shipyards rose corporations (MNCs) to Singapore winning property development arm. to the challenge. Initially it was and create jobs for Singaporeans. Where we stand is also where the not at all plain sailing. There was He would personally meet and world sailed in. This was where a major oil shock which sparked a exchange ideas with CEOs of leading the Singapore port has its origins worldwide recession. Undaunted, MNCs to learn how Singapore could and today, it still contributes to the Mr Lee urged shipyards to examine help them to do better with their lifeblood of our country. We are their costs and control their prices to investments here. I have sat in privileged to be part of the Singapore compete with more advanced and on some of these meetings and I story under the visionary leadership of comparably located competitors. He know how carefully he went into Mr Lee Kuan Yew. urged shipyards to raise productivity such discussions to extract the best with more skilled workers who could possible idea to improve Singapore’s In 1968, when the British announced then enjoy higher wages. Mr Lee competitiveness. the withdrawal of their troops from initiated government-supported Singapore, it put our security and and sponsored training programmes Mr Lee took personal interest in economy under tremendous threat. to meet the need for more skilled many critical details. For example, Far from being discouraged, Mr workers. as Prime Minister he attended Lee and his Pioneer Generation e v e r y Tre e P l a n t i n g D a y o n 2 colleagues launched major initiatives Many people in the industry will also November and continued to do so to secure the economic future of remember his remark during the after stepping down when he was Singapore. Later that same year, doldrums in the 1980s that the ship Senior Minister and then Minister the Dockyard and Engineering repair business was a sunset industry. Mentor. When I was serving in the d e p a r t m e n t o f t h e S i n g a p o re Again, our Founding Prime Minister Ministry of National Development, it Harbour Board was spun off to was demonstrating his uncanny was my privilege to attend some of form Keppel Shipyard, marking the ability to anticipate changes. At these events with Mr Lee. I noticed beginning of the Keppel Story. Keppel, this remark galvanised the his passion for the greening of company to venture beyond ship Singapore. He wanted to know Mr Lee was a great visionary who repair into the higher value-added everything about the trees being was always exploring opportunities offshore and marine industry. Thanks planted. Where does it come from? for Singapore. In 1970, he challenged to Mr Lee’s vision and anticipation of How high will it grow when it is the shipyards to make Singapore the future challenges, the re-engineering fully mature? Does it flower all year biggest ship repair centre between of our business led to Keppel’s round? When it flowers, how long the Persian Gulf and Japan. Singapore present day success. Keppelite I March 2015
A Special Tribute 5 In 1998, Mr Lee graciously noted that Eco-City. Today, China is an important rig construction with proprietary Singapore shipyards had successfully market for Keppel Land. designs serving the global market. coped with competition and had not Keppel has also grown into a multi- suffered the fate of a sunset industry, Very often, Mr Lee painted the harsh national conglomerate with strategic as he had earlier expected. The reality of global competition without businesses in meeting the world’s offshore and marine industry had then holding back any punches. He was a needs for energy, homes, connectivity contributed more than $3.3 billion a very forthright man who would call and a clean and sustainable year to the economy and provided a spade a spade. He did so to inspire environment. jobs for 26,000 people, with spin-offs Singaporeans to make the special for the retail, hotel and transportation effort needed to overcome adversities Our Founding Prime Minister has sectors of our economy. It was, and geographical limitations. left us indelible values: integrity, he added, a significant foreign Thanks to his constant emphasis courage, discipline and tenacity. exchange earner. However, cautious on excellence and effort, Singapore These values are burnt into Keppel’s as he always was, he again warned has succeeded beyond expectations. DNA and we will continue to shipyards not to be complacent. Today, Singaporeans from all walks of practice these values. These values He called on shipyard workers and life regardless of race and creed are will continue to drive and inspire management to be ready to change, able to enjoy the benefits of economic current and future generations of adapt and improve in order to seize growth and prosperity. We not only Keppelites. opportunities. survived but can look forward to a bright future. We mourn the loss of our Founding Thanks to his encouragement and Prime Minister. He has touched our support, the offshore and marine The growth of Keppel parallels lives and that of every Singaporean. To industry continued to grow. Last our nation’s story of success. Like honour his legacy, we must constantly year, Keppel Offshore & Marine alone Singapore, Keppel has succeeded remind ourselves to remain hungry grossed revenue of $8.5 billion and is against huge odds to achieve global and to not be complacent. We must one of Singapore’s largest employers leadership and recognition. Like all not be content with just survival. We with a 16,000-strong workforce in our of Singapore, we have benefitted must continue to make the effort to yards in Singapore. immensely from Mr Lee’s leadership grow and thrive. and vision. As Keppelites, we owe him We also have to thank Mr Lee for a great debt for setting the stage for Thank you Mr Lee Kuan Yew for all entrusting the ground-breaking Keppel to progress and prosper. you have done for Singapore and China-Singapore Suzhou Industrial Keppel. Park (SIP) to Keppel. His confidence We can be proud to have measured in Keppel was well-placed, leading to up to Mr Lee’s challenge. We share his May you rest in peace. the successful completion of the SIP passion for hardwork, excellence and which celebrated its 20th anniversary determination to create the future, last year. The experience gained in as exemplified by our Keppel Can the SIP gave Keppel the confidence Do! spirit. From a small ship repair to undertake more projects in China yard at this very location, Keppel including the Sino-Singapore Tianjin is today a world leader in offshore Keppelite I March 2015
In Tribute to Mr Lee Kuan Yew 6 Sustaining Growth One man’s monumental role Singapore’s Founding Prime Minister Mr Lee Kuan Yew was the architect of modern Singapore, who oversaw its transformation from a colonial trading post into a bustling global economic powerhouse. Mr Lee passed away on Monday, 23 March 2015, aged 91. As flags flew at half-mast all across Singapore to mark seven days of national mourning, Keppel paused to remember Mr Lee’s monumental legacy. In particular, Mr Lee’s foresight and unrelenting determination was instrumental in leading and encouraging Singapore and Singaporean companies to succeed against the odds and beyond all expectations. Words of wisdom In a poignant ceremony held at Keppel Island on 25 March 2015, over 600 Keppelites across the Group, led by M r A b u B a k a r, M D o f Keppel Singmarine, paid tribute to Mr Lee as they collectively reflected on his invaluable contributions, abiding passion for the nation, and support for Singapore companies such as Keppel to grow and prosper. Having served alongside Mr Lee in the Singapore government, Dr Lee Boon Yang, Chairman of Keppel Corporation, called on Keppelites to honour M r L e e ’s l e g a c y i n h i s address to Keppelites (for full speech please see pages 3 to 5). Recalling how Mr Lee, in 1970, challenged Singapore’s shipyards to transform the country to the largest ship repair centre between the Persian Gulf and Japan, Dr Lee exhorted Keppelites to continue to “remain hungry” and to “make the effort to grow and thrive.” The national flag of Singapore and Keppel’s flag were flown at half-mast across all Keppel business units around the world Keppelite I March 2015
In Tribute to Mr Lee Kuan Yew 7 Chairman of Keppel Corporation, Dr Lee Boon Yang shared in his tribute to Founding Prime Minister Lee Kuan Yew that “as Keppelites, we owe him a great debt for setting the stage for Keppel to progress and prosper” Known for his brilliant National Day celebration “Thank you, Mr Lee, for ‘History is valuable as a guide intellect and fiery oratory held at the Port of Singapore reminding us that we are to the future.’ He shared the skills, Mr Lee had a way Authority Recreation Club is all responsible for ourselves following truths, which still with words not only as a still pertinent today. and that only we can shape ring true for us today: writer but also as a speaker. our future. Your legacy will It was fitting, then, that “While comparing the three continue in our hearts and “ ‘If we are to overcome Keppelites paid tribute to dockyards then, Jurong, spirit. We will strive to be our problems, we must re- him by reading excerpts Keppel and Sembawang, the best, to be extraordinary, affirm our determination from his speeches that held he said, ‘Let me tell you to be ahead of the times. not to allow any citizens relevance for and resonated what the race is about: it is While we mourn, we remain to be persecuted because with all present. to see which dockyard has hopeful that we will not of his race, religion, the initiative, the drive, the let you down. We will do language, or culture. Four Ms Atyyah Hassan, General organisation, the adaptability whatever it takes, not only great civilisations have Secretary of Keppel FELS and the spirit to try new to keep our rice bowl but to met in confluence here. Employees Union, shared, methods of working to make it bigger.” The British, Malay, Indian “Our Founding Prime make that dockyard the best, and Chinese came and they Minister started his political the biggest and the most Mr Paul Tan, Group Controller built a metropolis out of life fighting for the unions profitable in Singapore…if of Keppel Corporation and a a fishing village near the as their legal adviser and you don’t try, then your rice third-generation Keppelite, equator. Eventually, perhaps n e g o t i a t o r. I n t o d a y ’s bowl will be cracked. I am reflected, “During the early after several generations, a competitive environment, trying for you. But please days of our nation building separate distinct Singapore his reminder to the dockyard remember you must try for in 1969, Mr Lee Kuan Yew, workers back in 1967 at a yourself all the time.’ then Prime Minister, said, Continues on page 8... Keppelite I March 2015
8 In Tribute to Mr Lee Kuan Yew ...continued from page 7. identity will emerge in 1984 that resonated with Keppel is indebted to Mr Lee “Without Mr Lee Kuan Yew, which the differences of him. for challenging us to punch I cannot imagine how our race, culture and religion above our weight. Today, small island state would will be more than made up ”Mr Lee said, ‘We are in the Keppel is a 40,000-strong have survived the early for by similarities in values, final stage of this transition to conglomerate operating years o f i n d epe nde nc e attitudes, and a feeling of a next generation of leaders. in more than 30 countries to become the efficient, belonging to one whole.’ By this time next year, the worldwide. Wherever world-class island nation majority in Parliament and we are, we will honour it is today. We owe him “His message is clear. To in the Cabinet will be the Mr Lee’s legacy by flying the a debt of gratitude; may meet the challenges of today younger generation. I am Singapore flag high.” his contributions always and tomorrow, we must like the conductor of an be remembered by overlook our differences and orchestra whose star players Keppelites across the Singaporeans and the world. stand as one. and supporting musicians Group in Singapore also Our works, achievements have changed. They must paid tribute and reflected and the Singapore brand “Later in the speech, he play as well so that the music on Mr Lee’s passing. They will always be held in high warned, ‘The future is as full is as full and resonant as shared their thoughts with regard because of him. of promise as it is fraught when the old stars were Keppelite. We are proud of Mr Lee with danger. We cannot the leading players. I am because he first made us slacken in our efforts. Nor optimistic that it can be “ M r L e e K u a n Ye w ’s proud of Singapore!” can we allow liberties to done.’ formidable vision, Mark Lam be taken with our stable determination and dedication Assistant Manager, O&M and orderly society. Each “His message of renewal and in building Singapore as a Optimisation and Services, generation has its own regeneration is very relevant well-governed country will Keppel Infrastructure problems. Our generation to all young Singaporeans, always be remembered. I am has either to add greater as well as Keppelites like proud to be a Singaporean.” “I am deeply grateful to our strength or security to our me. One day, it will be our Fiona Ang Founding Prime Minister society or watch all that we turn and our responsibility Senior Executive, Marketing, for transforming Singapore and our predecessors have to continue the ‘music’ as Keppel Land from a backwater country to built up over 150 years be well as our predecessors, and the thriving metropolis that lost or ruined.’ dare I say, even better but “I know I speak for many it is today. His commitment, perhaps not with the same Singaporeans when I say gumption and attention to “Like Mr Lee, I believe each instruments. Most certainly, that I feel a deep sense detail are traits that we can generation has the power to we will play as fully and as of loss at the passing of emulate as individuals and find the solutions and take resonantly as we can!” M r L e e K u a n Ye w . as a company. His passing charge of their own destiny. Singaporeans haven’t just is a great loss to Singapore I am confident that our next Heartfelt tributes lost a leader – we have lost but we will keep his legacy generation of Keppelites will In his condolence letter to the champion of our hearts. alive.” find their own way and build Prime Minister Mr Lee Hsien As we bid our final farewell, Tan Kiat Hui on what our predecessors Loong and family, CEO of may we always remember Project Manager, have accomplished because, Keppel Corporation, Mr Loh that his courage and Keppel FELS and here I quote Mr Lee, Chin Hua, wrote, “Keppel tenacity led us from humble ‘We cannot afford not to counts itself privileged to beginnings to a country that succeed.’ ” be a part of the Singapore stands shoulder to shoulder story crafted by Mr Lee. with global powers. Thank R e p re s e n t i n g t h e n e x t He was a bold visionary you Mr Lee.” generation of Keppelites, and extraordinary leader, Candice Gomes Kelvin Lum, Assistant w ho c reated co u n tl es s Assistant Vice President, Manager at Keppel Gas, opportunities and platforms Portfolio Management, shared an extract from Mr Lee’s for Singapore businesses to Keppel DC REIT National Day Message in flourish beyond our shores. Management Keppelite I March 2015
In Tribute to Mr Lee Kuan Yew 9 Over 600 Keppelites stood united in tribute to Mr Lee Kuan Yew at the memorial ceremony held on Keppel Island Continues on page 10... Keppelite I March 2015
10 In Tribute to Mr Lee Kuan Yew ...continued from page 9. Mr Chow Yew Yuen, CEO, Keppel Offshore & Marine, paid tribute to the late Mr Lee Kuan Yew at the memorial event at Keppel FELS’ Pioneer Yard attended by over 1,000 employees Led by Mr Chor How Jat (front row 2nd from left), Keppel Shipyard employees at its Tuas Yard Employees shared tributes at Keppel Singmarine’s Benoi Yard observed a minute of silence in honour of Singapore’s Founding Prime Minister, Mr Lee Kuan Yew Tributes at Keppel Singmarine’s Benoi honour Mr Lee’s legacy, who frequented his parents’ Keppel’s yards Yard. Representatives of we must constantly remind coffee shop at Tanjong Pagar. Following Keppel Group’s management, unions and ourselves that we should Despite his young age then, memorial event the day subcontractors paid tribute remain hungry and should Mr Wong was moved by before, close to 3,000 to Mr Lee for his vision and not be content with just Mr Lee’s passion and energy. Keppelites across Keppel leadership which led to the survival.” Offshore & Marine’s (Keppel phenomenal growth of the Mr Lee’s great empathy O&M’s) yards in Singapore offshore and marine industry A number of employees left an indelible mark on gathered in the early in Singapore. also shared about how Mr Mr Richard Tay, Shipyard morning of 26 March 2015 Lee had directly touched Yard Manager, Keppel FELS. to remember Singapore’s Mr Chow Yew Yuen, CEO, their lives as well as that of M r Ta y, w h o s e f a t h e r Founding Prime Minister, Keppel O&M, said, “Without their families. was a deliveryman at Mr Lee Kuan Yew. Mr Lee Kuan Yew, there Mr Lee’s law firm, related would not be the Singapore Mr Wong Kok Seng, MD how Mr Lee helped his family The tribute events were of today. Certainly, Keppel (Offshore), Keppel O&M and rebuild their home after their held at Keppel FELS’ Pioneer would not be the global MD, Keppel FELS, recounted attap house was burnt down and Crescent Yards, Keppel leader today in the offshore his encounters as a child with in 1963. keppelite Shipyard’s Tuas Yard and and marine industry. To Mr Lee and his colleagues Keppelite I March 2015
Sustaining Growth Sustaining Growth 11 Keppel FELS delivers its 100th jackup rig PV Drilling VI is also the fourth KFELS B Class jackup rig delivered to Vietnam. In celebration of both the Lunar New Year as well as Keppel and PetroVietnam’s long-term partnership are (from left to right): Mr Wong Kok Seng, MD (Offshore), Keppel O&M and MD, Keppel FELS; Mr Do Duc Chien, Chairman, PV Drilling; Mr Chow Yew Yuen, CEO, Keppel O&M and CEO, Keppel Corporation; Mr Nguyen Xuan Son, Chairman of PetroVietnam; Mr Loh Chin Hua, Chairman, Keppel O&M and CEO, Keppel Corporation; Mr Do Van Khanh, President and CEO, PVEP; Mr Nguyen Quoc Thap, Vice President, PetroVietnam; Mr Pham Tien Dung, President & CEO, PV Drilling; and Mr Wong Ngiam Jih, CFO, Keppel O&M Keppel FELS has delivered guest-of-honour, Mr Nguyen the requirements for a Mr Pham Tien Dung, CEO PV Drilling VI, a KFELS B Xuan Son, Chairman of wide variety of offshore of PV Drilling and Chairman Class jackup rig, to PV PetroVietnam. environments including of PVDO, said, “The high- Drilling Overseas (PVDO), a Vietnam. It is the fourth specification and cost- subsidiary of PetroVietnam M r C h o w Ye w Yu e n , such rig to be delivered to efficient PV Drilling VI will Drilling & Well Services Corp CEO of Keppel Offshore Vietnam.” play an important role in (PV Drilling) on time, on & Marine (Keppel O&M), accelerating PVDO’s drilling budget and with a perfect said, “Keppel FELS is The KFELS B Class rig is programme for South safety record. pleased to have reached able to operate in water East Asia and beyond. We this milestone of delivering depths of up to 400 feet recognise the strength of It is the 100th jackup rig 100 jackup rigs. This with a drilling depth of the KFELS B Class rigs as the Keppel FELS has built since a c h i e v e m e n t re a ff i r m s 30,000 feet. PV Drilling VI three rigs that are operating 1970, of which more than our position as the largest has been further enhanced for PV Drilling have been half are based on the KFELS manufacturer of jackup rigs with features like engines performing very well. B Class design. Developed by in the world. Over the years, that meet more stringent Keppel’s technology arm, this we have also developed emission standards, “Keppel FELS has a solid design has a market share of innovative rig designs for increased capacity for mud track record in delivering about a quarter of all jackup the market. pit tanks, a secondary technologically advanced rigs delivered since 2000. tensioning system, rigs with great quality and “For instance, PV Drilling accommodation for 150 efficiency. We are glad to The naming ceremony of VI has been built to our persons as well as a lower have built this partnership PV Drilling VI was held at award-winning KFELS B spud can bearing pressure and look forward to working Keppel FELS on 27 February Class design and is the for operation in areas with together on many other 2015 and witnessed by ideal choice to meet soft soil conditions. projects to come.” keppelite Continues on page 12... Keppelite I March 2015
12 Sustaining Growth ...continued from page 11. Achieving the milestone The delivery of its 100th 1984 when the industry jackup rig reaffirms Keppel was suddenly hit with a FELS as the world’s largest downturn and FELS was left manufacturer of offshore without any work. While rigs. This follows its many yards around the world recognition by Guinness and in Singapore were forced World Records in 2014 as to shut down, the company the ‘Largest Manufacturer of stayed resilient and took a Offshore Rigs’ for delivering long term view to retain its 21 rigs in a year. workforce and sharpen its core competencies. Yet, when it first started out in 1967, the yard, which was It decided to take a then known as FESL, was a calculated risk and build on very basic yard which built a speculative basis. FELS was only barges and tug boats. It the only yard in the world had no expertise in building building a rig in 1986, which jackup rigs even when it became the most advanced secured its first contract to harsh-environment rig at build a jackup rig in 1969. that time. Against all odds, the team The yard’s decision to build at FESL, which became Far the rig, named Monarch, East Levingston Shipbuilding paid off as there was a (FELS) completed the jackup ready buyer when the rig rig, JW McLean, becoming was completed in 1986. the first shipyard in Singapore The customer went on to and the region to build an order another four rigs from offshore jackup rig in 1970. Keppel FELS. It managed to build its expertise through a technical PROPRIETARY RIG and service agreement with DESIGNS Levingston Shipbuilding Another bold but necessary Company of Orange, Texas, move that Keppel FELS made which was a leader in jackup was the setting up of its first rig design and construction. design and development PV Drilling VI is the 100th jackup rig to be delivered by Keppel FELS, a milestone that reaffirms company, Offshore and the yard’s position as the largest manufacturer of jackup rigs in the world Following FELS’ success, other Technology Development rig-building yards began (OTD) in 1994. system. By 1997, OTD This marked the beginning of setting up in Singapore. became a full-fledged jackup Keppel FELS’ suite of jackup Within five years, Singapore OTD successfully developed rig designer when Keppel rig solutions. It first built what became the world’s leading a jacking system, along with FELS took the opportunity to would eventually become rig-building nation. a leg fixation system that buy the design and drawing known as the KFELS A Class – greatly reduced the weight rights for two jackup rig a harsh-environment jackup SEIZING OPPORTUNITIES of the rig platform on the models, the Mod V and rig – in 1998. The success of Things took a turn in pinion gears of the jacking Mod VI. the KFELS A Class led to the Keppelite I March 2015
Sustaining Growth 13 trusted, reliable workhorse of the industry, the KFELS B Class. After its launch in 2000, the number of KFELS B Class rigs either deployed or being built rose to 6 at the end of 2003, 11 at the end of 2004 and 22 at the end of 2005. PV Drilling VI is the 57th KFELS B Class rig delivered. Today, there are more than 80 KFELS B Class rigs that have been delivered or are on order. Keppel FELS also expanded its The management and directors of PetroVietnam, PV Drilling, PV Drilling Overseas and Keppel O&M celebrate the naming of PV Drilling VI and reaffirm their strong ties suite of jackup rig designs to more than 10 to suit a variety of offshore conditions, from innovations and process benign waters to harsh improvements, to enhance environments and to the efficiencies. Arctic seas. PARTNERSHIPS, PEOPLE IMPROVING EFFICIENCIES AND THE WAY AHEAD As new orders for Keppel On achieving the 100th jackup FELS grew, one major factor rig milestone, Mr Chow said, that enabled the yard to “This accomplishment is accomplish more within a a testament to the strong shorter time is its technique partnerships we have built of building rigs in modules with our long-standing first before joining the customers. Over the years, modules together. This way we have delivered projects to of building a rig turned the regular customers in places yard into an assembly line. such as Vietnam, Brazil, Mexico, the Caspian Sea and Modular construction also the Middle East. meant that some of the work could be carried out in “Through our Can Do! spirit, Keppel’s overseas yards such we have seized opportunities as in Indonesia, the Philippines through acquisitions and or China, fully utilising the innovations. We have also Keppel FELS has come a long way since it delivered its first jackup rig, JW Mclean, which was resources of the group. been getting the right people delivered in 1970 and training them to grow In addition to leveraging our businesses with the aim the synergy of Keppel’s of serving customers as a by differentiating ourselves have demonstrated the global yards, Keppel FELS total solutions provider. with our execution success of our strategies. This also continuously capitalised excellence and focus on will stand us in good stead in on the latest technologies, “We are able to meet and technological innovation. the future.” keppelite combined with its own exceed industry demands Our accomplishments today Keppelite I March 2015
14 Sustaining Growth Striking start W ith an order backlog to their satisfaction. Our witnessed by management with JDC on the repair and stretching into 2017, Keppel teamwork and rapport with from JDC and Keppel FELS. maintenance of rigs such as FELS has been diligently them have enabled us to Hakuryu-5 and Hakuryu-10. executing its projects in kick-start this next project Keppel FELS teamed up with clockwork fashion. It recently smoothly. We are confident JDC over several projects and Keppel’s proprietary KFELS kick-started two KFELS Super of delivering another series has always delivered to the Super B Class design B Class rigs with strike steel of high quality rigs to their customer’s exacting standards. can operate in 400 feet ceremonies. schedule and requirements.” Hakuryu-11, the first KFELS water depth and drill to Super B Class delivered 35,000 feet. With a two Construction work on the Separately, the second KFELS to JDC in 2013 has been million pound drilling system fourth of the five jackup rigs Super B Class jackup rig that performing excellently in the and a maximum combined that Keppel FELS is building for will be operated by Japan field. Apart from newbuilding cantilever load of 3,700 kips, Transocean has begun. The Drilling Company (JDC), projects, Keppel Offshore & the KFELS Super B Class is rig, which is known as B367 Hakuryu-15 or B378, had Marine’s (Keppel O&M) yards equipped with tremendous or Transocean Cetus, had its strike steel ceremony in Singapore and the United horsepower during drilling its strike-steel ceremony on on 2 March 2015. It was States have also collaborated operations. keppelite 2 February 2015. Keppel FELS and Transocean s h a re a l o n g - s t a n d i n g relationship spanning several significant projects. In 2013, the yard delivered three KFELS B Class jackup rigs, Transocean Siam Driller, Transocean Andaman and Transocean Ao Thai, safely, on time and within budget. Shawn Yeo, Project Manager of Keppel FELS said, “We have a strong partnership Celebrating the strike steel ceremony are (from left to right) Mr Alex Taveira, ABS; Mr Shawn Yeo, Project Manager, Keppel FELS; Mr Thomas with Transocean and a good Tan, ABS; Mr Chris Ong, ED (Commercial), Keppel FELS; Mr Mohd Sahlan, ED (Operations), Keppel FELS; Mr Keith Teo, GM (Marketing), track record of delivering Keppel FELS; Mr Chow Yew Yuen, CEO, Keppel O&M; and Mr Doug Brown, Transocean Project Manager Having previously worked on several winsome projects, the management of JDC and Keppel FELS are confident of yet another successful partnership on Hakuryu-15 Keppelite I March 2015
Sustaining Growth 15 Runcorn Phase 1 commences commercial operations As one of the largest waste and renewable energy projects in Europe, the first phase of the facility will divert up to 425,000 tonnes of refuse-derived fuel from landfills annually. The Runcorn Energy-from- 35 MW of electricity and Waste (EfW) facility’s first 51 MW of thermal energy phase, built by Keppel in the form of steam. The Seghers Belgium N.V. and combined energy supplies Keppel Seghers UK Limited the neighbouring INEOS (collectively, Keppel Seghers), chemicals manufacturing in the UK, has begun facility with up to 20% of its commercial operations. total energy needs, reducing its reliance on fossil fuels. The Runcorn EfW facility comprises two phases of Servicing the Greater equal capacity. Phase 1 is Manchester region, the plant owned by INEOS Runcorn is also expected to help divert (TPS) Limited (TPSCo). TPSCo more than 75% of Greater is a joint venture between Manchester’s waste from INEOS, Viridor and John landfill. Built by Keppel Seghers, Phase 1 of the Runcorn Energy-from-Waste facility is able to process Laing. Phase 2 is owned up to 425,000 tonnes of refuse derived fuel per annum, converting it into renewable energy by Viridor EfW (Runcorn) Mr Tan Boon Leng, ED comprising approximately 35 MW of electricity and 51 MW of thermal energy in the form of steam, and helping to divert more than 75% of Greater Manchester’s waste from landfill Limited, a special purpose (Waste-to-Energy) of Keppel vehicle owned by Viridor Infrastructure, the parent Waste Management Limited. company of Keppel Seghers, said, “We were able to have essential energy instead of Procurement and Keppel Seghers completed a good reliability run as adding to an unsustainable Construction contract for Phase 1 of the facility on we had been constructing landfill.” Phase 2 of the Runcorn 18 January 2015 after the facility to the exacting EfW facility. When fully successfully completing a q u a l i t y a n d s t a n d a rd s The Runcorn EfW facility operational, the combined 30-day reliability test and expected of us, and we are features Keppel Seghers’ plant will be able to process handed the facility to the pleased to see our efforts proprietary technologies, up to 850,000 tonnes of RDF client. Phase 1 is now being contribute to serving the including water-cooled per year, making it one of the operated by Viridor on behalf waste management needs multi-stage grates, boiler, largest and most efficient of TPSCo. of Greater Manchester in a and a double dry flue gas Combined Heat and Power sustainable manner.” treatment system that treats (CHP) facilities in the world. Phase 1 of the Runcorn emissions to the highest Phase 2 of Runcorn EfW is EfW plant is able to process The TPSCo board added, standards, ensuring full currently undergoing testing up to 425,000 tonnes of “This phase of the facility compliance with EU and local and commissioning and is refuse derived fuel (RDF) entering commercial air quality requirements. expected to be handed over per annum, converting operation marks another step to its client in 1H 2015. keppelite it into renewable energy towards a more resource- Keppel Seghers is similarly comprising approximately efficient future, generating executing the Engineering, Keppelite I March 2015
16 Sustaining Growth New biomedical facility at Sino-Singapore Eco-City Jecho Biopharmaceuticals a n d H e n a n Z h a o Te n g base is expected to create environment to expand (Jecho Tianjin) has secured Investment Co., Ltd, a large some 1,500 jobs. In addition, our business.” a 21.7-ha industrial site in Chinese enterprise group Jecho Tianjin also intends the Sino-Singapore Tianjin with business investments to use this base to host With its strong track record Eco-City (Sino-Singapore in industrial, science and biomedical conferences, in China and distinct blend Eco-City). The site was earlier technology, infrastructure providing a platform for of core competencies in put up for public bidding and real estate. domestic and international sustainable development, the b y t h e S i n o - S i n g a p o re professionals to exchange Keppel Group was entrusted to Tianjin Eco-City Investment The company will be ideas and to share resources lead the Singapore consortium and Development Co., Ltd establishing a research and solutions. for the Sino-Singapore Eco- (SSTEC) at the Tianjin Binhai and development (R&D) City. The Group works closely New Area (TBNA) Land and manufacturing base Dr Sean Zhu, GM of Jecho with its Chinese consortium Development Centre. for innovative biological Tianjin, said, “The Sino- partner, Tianjin Eco-City medicine in the Eco- Singapore Eco-City is a Investment & Development Jecho Tianjin is a joint venture Industrial Park, which is choice location for us to set Co., Ltd (TECID), to guide the between Jecho Laboratories, located in the northern part up our base. We can tap 50-50 joint venture, SSTEC, in Inc., an American specialty of the Sino-Singapore Eco- on the city’s special policies its role as master developer of biopharmaceutical company, City. When completed, the and conducive working the project. keppelite Forging stronger bonds To further strengthen ties with Tianjin officials and partners, Keppel Corporation’s Chairman, Dr Lee Boon Yang and CFO, Mr Chan Hon Chew, visited Tianjin over the Lunar New Year to extend their well-wishes as well as visit the Sino- Singapore Eco-City. During the annual visit, the delegation met with Mr Huang Xingguo (right), Acting Party Secretary of T ianjin Municipal Committee and Mayor of Tianjin; Mr Zong Guoying, Party Secretary of TBNA District Committee; Mr Xu Datong, Chairman of the Sino- Singapore Tianjin Eco-City Administrative Committee and Mr Meng Qun, Chairman of TECID. Keppelite I March 2015
Sustaining Growth 17 Staying vigilant As part of the Group’s Other key issues brought continuous efforts up during the talk included to strengthen its risk the elevated political and competencies, Keppel geopolitical risks in today’s Corporation’s Group Risk complex environment, Management invited rising interests rates, as D r T h i e r r y A p o t e k e r, well as volatile currency Chairman of TAC Economics, movements. Dr Apoteker Reaffirming Keppel and Stena’s strong partnership are (from left to right) Mr Wong Kok Seng,MD (Offshore), to share with directors and also provided an overview Keppel O&M and MD, Keppel FELS; Mr John Banks, MD of Stena Drilling Asia Pacific; Mr Erik Ronsberg, Engineering senior management his of the different factors Manager of Stena Drilling; Mr William Olsson, Deputy Director of Stena; and Mr Chow Yew Yuen, CEO of Keppel O&M thoughts on the economic shaping China and Brazil’s outlook for 2015 and 2016. economies as well as areas that the Group Against the backdrop of volatile oil prices, the talk can capitalise on while managing the risks. Close held on 6 February 2015 centred on the confluence of factors affecting oil prices. The talk was followed by a lively exchange amongst collaboration Reasoning that there has the participants who been no change in the shared their thoughts on Keppel FELS’ long- Both groups of visitors fundamental global demand the various economic and standing customer, Stena were hosted by Mr Chow for oil, Dr Apoteker projected geopolitical developments Drilling, recently sent their Yew Yuen, CEO of Keppel that oil prices would stabilise in our global environment. semisubmersible drilling rig, Offshore & Marine (Keppel in the next two years. keppelite Stena Clyde, to the yard for O&M) and Mr Wong Kok its special periodic survey Seng, MD of Keppel FELS, (SPS), which is conducted and were taken on a tour every five years. The rig of the yard where they d e p a r t e d t h e y a rd o n saw firsthand the smooth 23 February 2015 upon the progress on Stena Clyde. successful completion of its SPS which included mooring This is the fourth time that winch system replacements Stena Clyde had docked and a lifesaving equipment at Keppel FELS for its SPS, upgrade. having had its surveys conducted at the yard in During the period that Stena year 2000, 2005 and 2010. Clyde was docked at Keppel Keppel’s past collaborations FELS, Stena executives paid with Stena include the visits to the yard on two construction of a deepwater Dr Lee Boon Yang (with microphone), Chairman of Keppel Corporation, shared his views on occasions – the first being semisubmersible drilling rig, the movement in oil prices led by Mr William Olsson, Stena Tay, in 1999 as well Deputy Director of Stena, as several major repairs and on 2 February 2015; and upgrades of its fleet of rigs. the second by Mr Tom Welo, keppelite CEO of Stena Drilling, on 13 February 2015. Keppelite I March 2015
18 Sustaining Growth Stellar start BrasFELS, Keppel FELS Brasil’s Corporation (TOYO), was Mr Kwok Kai Choong, CEO within the same month. All shipyard located in Angra completed on 25 January and President of Keppel FELS modules were lifted using dos Reis, Rio de Janeiro, 2015, 12 days ahead of Brasil, said, “The great start a floating crane. made good progress on schedule. to this topside integration its integration of topside collaboration with MTOPS is Similarly, lifting activities modules for two Floating For its stellar performance, a testament to the rapport progressed successfully for Production Storage and BrasFELS’ project team we have built over the years. Petrobras FPSO vessel, P-66. Offloading (FPSO) vessels with received a commendation Let us keep up the good BrasFELS’ 2,000mt gantry the successful completion of f ro m M O D E C ’s p ro j e c t work and complete the crane was utilised to carry out lifting activities. m a n a g e r, M r R i c h a r d project while adhering to the lifting for the modules. In Matten, who said, “I would our four Golden Pillars – addition to the installation The first lifting campaign like to thank the BrasFELS safely without lost-time- and integration of topside for FPSO Cidade de Itaguai team for their excellent incidents, within schedule, modules, BrasFELS fabricated M V 2 6 , B r a s F E L S ’ t h i rd performance which has within budget and within the some of the modules. keppelite project with MODEC and enabled 10 modules to be agreed quality standard.” TOYO Offshore Production lifted and placed on board Systems Pte Ltd (MTOPS), safely and without lost-time- The second lifting a joint venture company incidents in just 13 days. campaign for Cidade de between MODEC, Inc This is a truly excellent start Itaguai MV26 was also a n d To y o E n g i n e e r i n g to the project.” successfully completed BrasFELS successfully undertook lifting activities for two FPSOs in the first quarter of 2015 Keppelite I March 2015
Sustaining Growth 19 Marks of agility The Keppel Group’s 2014 Annual Reports, aptly themed “Agility”, expound t h e G ro u p ’s a b i l i t y t o respond swiftly to market and environmental changes to maintain a competitive advantage and bring about sustainable growth. Readers will glean insights into the Group’s multi- business strategies and understand how such strategies create value for stakeholders. The robust and candid discussion on issues including materiality and sustainability, as well as key sections, such as the Chairman’s Statement and Interview with the CEO, provide readers with a better The power of Separately, Keppel Land understanding of Keppel’s infographics made use of infographics vision and culture. A picture paints a thousand to paint a vivid picture of its words and simple yet visually- strategies. keppelite To ensure that its report is arresting infographics help user-friendly and accessible, convey ideas and data at a Keppel Corporation has glance. launched an interactive Environment version of the report, available Cities of Offshore & Infographics, such as those Property Creating Marine Opportunities a t w w w. k e p c o r p . c o m . presented in the Keppel Urbanisation is rising at Value with Building Agility Sustainable an unprecedented speed Communities The interactive online Corporation and Keppel and scale. About 1.4 million people are moving into urban areas every week. By 2050, With a global footprint in 30 countries, Keppel Corporation leverages its international Energy Connectivity report has been enhanced network, resources and talents to grow its Land 2014 Annual Reports, two thirds of the world’s key businesses. Our vision is to be a global company at the forefront of our chosen population will live, work and industries, shaping the future for the benefit of all our stakeholders - Sustaining Growth, play in cities. Empowering Lives and Nurturing Communities. for viewing on mainstream Infrastructure combine text, images and mobile devices. graphs to provide readers 28 IN 2014 41BY 2030 FUEL CONSUMPTION +35% from 2010 to 2040 WASTE GENERATION LOGISTICS OUTSOURCING billion tonnes of oil equivalent 18 with snapshot summaries. 15 Renewables Hydro Nuclear 12 Gas 9 T h e a n n u a l re p o r t s o f 2.2billion US$925billion 6 Oil megacities 3 Coal 0 1965 2000 2035 tonnes of municipal solid waste generated annually in global third-party logistics revenue by 2020. Economic growth in the emerging economies will Source: BP by 2025, up from today’s 1.3 billion tonnes. enable some 3 billion people to rise into the ranks of Keppel’s business units are the middle class in the next 15 years. In less than two Arresting visuals enhance a POWER NEEDS LANDFILLS BIG DATA CREATION decades, the world will have as many as 41 mega-cities, up from 28 in 2014, and many more fast-growing urban settlements across Asia and Africa. This means new demand for food, travel, energy, housing, proper +85% thousand Terawatt hours from 2010 to 2040 zettabytes 30 28.1 sanitation, schools and hospitals, and for businesses 40 available for viewing or special feature on Keppel meeting countless needs. 20 30 Despite its challenges, urbanisation can promote sustainable growth if managed well by increasing 20 10 productivity, enabling innovation and new ideas to 4.0 download at the respective Corporation’s role in building emerge, as well as optimising the use of energy, land 10 0.4 12% and natural resources. Through its key businesses in Offshore & Marine, Infrastructure and Property, Keppel 0 2010 2020 2030 2040 of current global methane emissions are 0 2008 2013 2018F is primed to meet the needs of our urbanising world. Source: ExxonMobil produced by landfills. Source: BroadGroup corporate websites. a sustainable community. Keppelite I March 2015
20 Sustaining Growth Safety stewards To show their commitment towards safety, staff and management of Keppel Infrastructure donned new “I Love Safety” t-shirts during the company’s recent Health, Safety and Environment Road Show Business units across the participated in the road Now in its fifth year, the organised for children to Keppel Group regularly show where they were annual event gives N-KOM engage them in applying organise various exercises briefed on the company’s employees the opportunity the safety tips they had and promotional events to HSE performance in 2014, as to share best practices on learnt through a series of strengthen safety culture well as HSE work-plans and safety and engage with the fun quizzes. across the Group. targets for the year ahead. wider community in Al Khor. KI senior management During the event, N-KOM KEPPEL INFRASTRUCTURE also walked the grounds N-KOM also set up a booth took the opportunity to Following the success of to engage employees on at the event to promote showcase scale models of last year’s inaugural event, safety. safety awareness and the vessels the company Keppel Infrastructure (KI) provide tips for everyday has built, and share with held its second Health, Safety During the road show, KI’s activities, such as cycling the public its contributions and Environment (HSE) Road HSE Department updated and crossing the road. to the offshore and marine Show from 23 February to employees on recent Activities were also industry. keppelite 4 March 2015. HSE-related incidents and initiatives, and reinforced Apart from KI offices at KI’s Safety Golden Rules Keppel Bay Tower and Pasir and “Gear Up for Safety Panjang, the road show also Excellence” motto. travelled to Keppel Seghers Tuas Waste-to-Energy (WTE) KEPPEL OFFSHORE & Plant, Senoko WTE Plant, MARINE Ulu Pandan NEWater Plant, Nakilat-Keppel Offshore the Keppel DHCS plant at & Marine (N-KOM) Changi Business Park and participated in the Safety Keppel Merlimau Cogen Spring Camp organised plant. by the Ministry of Interior of Qatar from 23 Around 300 Keppelites to 26 February 2015 in Children engaging in quizzes at the Safety Spring Camp, which N-KOM participated in to and external contractors Al Khor, Qatar. share safety best practices Keppelite I March 2015
Sustaining Growth 21 New appointments She has previously held HR leadership positions at DHL Global Forwarding, Netdecisions Limited, Reuters Asia and Singapore Economic Development Board. As a business partner, she was responsible for driving HR strategic initiatives at the local and regional level to support organisational development and business Mr Edmund Lek Mr Toh Ko Lin Ms Dinah Lee growth. The Keppel Group Shipyard and has previously Mr Toh has been with the Over the span of her HR continues to bolster held appointments including group for 25 years. career, Ms Lee has led HR its ranks through the Production System Manager teams to provide the full strategic appointments of of Keppel Shipyard and KEPPEL INFRASTRUCTURE spectrum of HR services experienced personnel to Yard Manager of Keppel Ms Dinah Lee has been in talent attraction, key management positions. Singmarine. appointed GM, Human compensation, rewards, Resources (HR) of Keppel i n t e r n a t i o n a l m o b i l i t y, KEPPEL OFFSHORE & M r To h K o L i n , E D o f Infrastructure, with effect employee engagement and MARINE Keppel Singmarine, has from 1 April 2015. staff development. Keppel Offshore & Marine been re-designated as ED (Keppel O&M) announced (Commercial) of Keppel Prior to joining Keppel, Ms Lee holds a Bachelor of two new appointments on Singmarine. Having started Ms Lee was the HR Director, Business (HR Management) 1 February 2015. his career as a Corporate Southeast Asia of United from Nanyang Technological Development Manager with Technologies Corporation University. keppelite Mr Edmund Lek has been Keppel Corporation in 1989, Building & Industrial Systems. appointed ED (Operations) of Keppel Singmarine. Concurrently, he will continue in his role as President of Keppel Nantong Shipyard Fuel for thought and Keppel Nantong Heavy Industry. I’m very determined. If I decide that something is worth doing, then I’ll put my heart and soul to it. In his 17-year career with Keppel, Mr Lek has held The whole ground can be against me, but if I know various senior management it is right, I’ll do it. That’s the business of a leader. positions across Keppel O&M in Singapore and overseas. He started his career with Lee Kuan Yew the company in 1998 as a Superintendent at Keppel Keppelite I March 2015
22 Sustaining Growth Strong support for workplace wellness As one of Keppel Shipyard’s longstanding customers, Apache Energy has built up a strong rapport with the shipyard over the years, sharing the same deep commitment to the safety and well-being of the workers at the yard. Apache Energy re c e n t l y d e m o n s t r a t e d that commitment when it contributed US$922,500 in support of Keppel Shipyard’s safety and workers welfare initiatives, such as the Safety Craig Harrison (second row, second from left), Chief Construction Superintendent from Apache Energy presenting the safety incentive bonus to the Keppel Shipyard project team Training Centre and East Yard Workers’ Rest Area at its Tuas Yard. The generous contribution marks the successful and safe completion of refurbishment works for Apache Energy’s Floating Production Storage & Offloading (FPSO) vessel, Ningaloo Vision, which achieved over 2.5 million safe man-hours without lost- time incidents. Mr Michael Chia, MD (Marine & Technology), Keppel Offshore The East Yard Workers’ Rest Area, which was officially opened in January & Marine, presenting a plaque to Mr Brett Darley, Region Vice 2015, can accommodate more than 2,000 workers, providing a clean and President (Australia Region) and MD of Apache Energy, for comfortable place for workers to rest properly in during meal times Roger Lewis, Manager their contribution to the East Yard Workers’ Rest Area and ( P ro j e c t E x e c u t i o n ) o f Safety Training Centre Apache Energy, said, “One key factor contributing to “To further build on our Apache Energy has always Such strong support from the safety achievement was joint efforts to create a safe been an active partner its customer proves to be the collaborative effort that and comfortable workplace in Keppel Shipyard’s HSE encouraging for Keppel Keppel Shipyard, Apache for the workers and other initiatives. The exploration Shipyard in its jour ney Energy, and our joint venture stakeholders, Apache Energy and production company towards HSE excellence. partner, INPEX, have put in and INPEX are pleased to is represented on Keppel keppelite to develop a robust Heath, contribute towards the S h i p y a rd ’s S a f e t y P l u s Safety and Environment enhancement and setting Steering Committee and (HSE) Incentive scheme with up of the Safety Training Safety Champions Team, a sharp focus on leading key Centre and Workers’ Rest regularly offering advice and performance indicators. Area buildings.” sharing experience. Keppelite I March 2015
Sustaining Growth 23 Top of the game Keppel garnered awards recently for its outstanding personnel and human resources practices. INFLUENTIAL TREASURER steady guidance from my conducted by The Corporate won top awards in three In recognition of her seniors and colleagues in Treasurer over three years. categories: Best Leadership exceptional expertise and Keppel that made this award Development Award; Best steadfast leadership, Ms Lynn possible. I believe that it is the BEST PEOPLE DEVELOPER Training, Lear ning and Koh, GM of Group Treasury, organisation that makes the As the global leader in Development Award; and Keppel Corporation, has person. The Keppel Group the offshore and marine Special Recognition for the been named one of Asia’s provides the environment industry, Keppel Offshore & Best Graduate Development 25 most influential women and opportunities for Marine’s (Keppel O&M’s) key Award. in treasury and finance. individuals to learn and hone competitive edge is its quality their skills to deliver the best human capital, achieved The awards bear testament The list was compiled by results possible,” shared through a robust framework to Keppel O&M’s strong The Corporate Treasurer Ms Koh, who has been with of attracting, engaging, leadership and management magazine to inspire more Keppel since 1982. recognising and developing bench strength built women to join the business employees. over years of meticulous of treasury and finance, The exclusive list comprises succession planning, its and instill in women the treasury heads of leading At the 12th Annual Human established engineering and confidence to move up the companies in the Asia- Resources Management research and development corporate ladder. Pacific region, including (HRM) Awards held on capabilities, and a Can Do! Carrefour, Siemens and Shell. 6 March 2015, Keppel culture among its workforce. “Even though it is an The women were selected O&M was recognised for keppelite individual award, it was through submissions made its outstanding human the strong teamwork and to the editor and interviews resource practices and Ms Lynn Koh, GM of Group Treasury, Keppel Corporation, received an award for being Keppel Offshore & Marine’s team was recognised as a top people developer at 2015 HRM among the top 25 most influential women in treasury from Daniel Flatt (left) and Dan Bland Awards and Dr Lee Chay Hoon, GM (Organisation Development and HR), Keppel Offshore & (right), Editor and Online Editor respectively of The Corporate Treasurer Marine, received the award from Mr Ronald Smith, MD of Centre for Creative Leadership Asia and Vice President for Asia Pacific Keppelite I March 2015
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