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Keppel AmFELS to Construct and Upgrade Deepwater Semisubmersible for Diamond Offshore for US$150 million

Press Releases   •   Jan 09, 2012 14:21 SGT

Keppel AmFELS LLC, a US wholly-owned subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), has secured a contract from Diamond Offshore to construct and upgrade a moored semisubmersible rig with delivery scheduled for 3Q 2013. The estimated shipyard contract price is approximately US$150 million.

The rig, to be named Ocean Onyx, will be constructed from an existing hull from a Diamond Offshore cold stacked unit, which previously operated as the Ocean Voyager.

Keppel AmFELS' scope of work on the Ocean Onyx includes the reconstruction of the rig, installation of advanced equipment such as a modern drilling package, and installation of sponsons to the pontoons to enhance the stability of the rig in deepwater. The rig will be designed to operate in water depths of up to 6,000 feet and will have a variable deck load of 5,000 long tonnes, a five-ram blowout preventer, and quarters capacity for 140 personnel.

Mr Larry Dickerson, President and CEO of Diamond Offshore, said, "We have worked with Keppel for more than a decade, and our rigs have consistently been delivered on time and within budget, whether in the US or Singapore. With Keppel's track record as a leading offshore yard, we are confident that this project will also be a success."

Keppel O&M has previously built four similar semisubmersible rigs for Diamond Offshore: the Ocean Baroness, Ocean Rover, Ocean Endeavour and Ocean Monarch.

Mr Tan Geok Seng, President of Keppel AmFELS, said, "We are pleased to be able to embark on another major rig project for Diamond Offshore, who has worked with Keppel on more than 20 projects since 1996. Diamond's rigs are sent regularly to our yards around the world for maintenance, repair and upgrade, and Keppel AmFELS has proven to be their choice yard in the US Gulf of Mexico. Having built a long-term partnership with Diamond, we understand the company's needs and are confident of delivering another high quality rig to their satisfaction."

The above contract is not expected to have a material impact on the net tangible assets or earnings per share of Keppel Corporation Limited for the current financial year.

- End -

About Keppel AmFELS

Keppel AmFELS is a subsidiary of Keppel O&M, a wholly-owned company of Keppel Corporation Limited. Located in Brownsville, Texas, Keppel AmFELS reinforces Keppel O&M's presence in the Gulf of Mexico and its strategy to be near its markets and customers.

Since its establishment in 1990, Keppel AmFELS has built up its facilities and equipment to become the most well equipped offshore shipyard in the Gulf of Mexico. The yard engages in the construction, refurbishment, conversion, life extension and repair of a complete range of mobile drilling rigs and platforms. Spread over 165 acres, its comprehensive facilities are world class and include a drydock capable of docking the largest semisubmersible drilling units, and a modern steel processing plant.

For more information, please visit www.keppelom.com

About Diamond Offshore

Diamond Offshore provides contract drilling services to the energy industry and is a leader in deepwater drilling. Diamond Offshore's fleet of offshore drilling rigs consists of 32 semisubmersibles, 13 jack-ups, and one drillship, in addition to three ultra-deepwater drillships currently under construction. For additional information, please visit the company's website at www.diamondoffshore.com.


For further information, please contact

Singapore

Media
Eva Ho
Deputy General Manager
Group Corporate Communications
Keppel Corporation Limited
Tel: (65) 6413 6424
Email: eva.ho@kepcorp.com

Investor Relations
Chua Ying Ying
Assistant General Manager
Group Corporate Communications
Keppel Corporation Limited
Tel: (65) 6413 6295
Email: yingying.chua@kepcorp.com

Houston

Eric Phua
Vice President
Commercial
Keppel AmFELS
Tel: (1) 956 831 8220
Email: eric.phua@keppelamfels.com

Keppel Land contributes to changing cityscapes across Asia as a choice developer with a sterling portfolio of award-winning residential developments, integrated townships and investment-grade commercial properties. Reputed for its quality and innovation hallmark, Keppel Land is committed to develop properties that harmonise with the urban and natural landscape for desirable live-work-play environments and with enduring value for the community.

Keppel AmFELS LLC, a US wholly-owned subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), has secured a contract from Diamond Offshore to construct and upgrade a moored semisubmersible rig with delivery scheduled for 3Q 2013. The estimated shipyard contract price is approximately US$150 million.

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Keppel to expand suite of solutions for Offshore Wind Farm Installations

Press Releases   •   Jan 03, 2012 11:19 SGT

It will acquire a substantial stake in OWEC Tower, an industry leading designer of jacket foundation.

KV Ventus B.V., a wholly-owned subsidiary of Keppel Corporation Ltd. (Keppel) has today entered into a share purchase and subscription agreement and shareholders' agreement to acquire a 49.9% stake in offshore wind turbine foundation designer OWEC Tower (AS) for about NOK 61 million.

OWEC Tower, headquartered in Norway, is a leader in the design and engineering of offshore wind turbine foundations. The company has developed a proprietary jacket foundation design known as OWEC Quattropod®, which is currently the only proven jacket design in the market. The OWEC Quattropod® design separates and optimises the piling and jacket installation process, resulting in reduced installation costs and faster project delivery.

With the aim of getting a slice of the offshore wind foundation business, this investment will enable Keppel Offshore & Marine to tap on OWEC Tower's expertise to further develop its business in the design and construction of offshore wind turbine foundations as well as installation and support vessels thereby providing value-added solutions to its customers.

Mr Michael Chia, Director of Group Strategy and Development at Keppel said, "We are seeing offshore wind energy rapidly gaining traction around the world and a large number of offshore wind farms are under construction and planning. This will result in a huge increase in demand for foundation structures. With OWEC Tower's leading design in this segment, our partnership puts us in the ideal position to capture a share of this market.

"As offshore wind farms move into deeper waters with bigger capacity turbines, a large number of jacket foundations will be required. With our experience and expertise as a leading rig builder, we see good potential in supporting OWEC Tower to meet this demand in a cost-effective and reliable manner. Together with our proprietary designs for offshore wind turbine and foundation installers, we are confident of further enhancing our suite of solutions for the offshore wind industry."

To-date, OWEC Tower is the only company with a track record of having its jacket foundation design installed for offshore wind farms. Projects include the Beatrice pilot test off the coast of Scotland, the German pilot project Alpha Ventus, Ormonde wind farm in the UK, and the Belgian Thornton Bank project.

Europe is currently the leader in offshore wind energy. According to the European Wind Energy Association (EWEA), at the end of 2010, Europe had 1,136 offshore wind turbines installed and connected to the grid on 45 wind farms in nine countries. In total, these have a power capacity of 2.9 GW and can produce 11.5TWh of electricity in a normal year.

Offshore wind will become increasingly important as European countries move towards renewable energy. EWEA has set a target of 40 GW installed by 2020 and 150 GW by 2030. The huge number of offshore wind farms under construction and planning will result in a corresponding demand for foundation structures. Investments in offshore wind farms in Europe alone are projected at €209 billion from 2010-20.

The above foregoing transaction is not expected to have any material impact on the net tangible assets and earnings per share of Keppel Corporation for the current financial year.

About Keppel Corporation
With a global footprint in over 30 countries, Keppel Corporation leverages its international network, resources and talents to grow its key businesses. It aims to be the Provider of Choice for Solutions to the Offshore & Marine Industries, Sustainable Environment and Urban Living, guided by its key business thrusts of Sustaining Growth, Empowering Lives and Nurturing Communities.

Keppel Offshore & Marine, a wholly-owned subsidiary of Keppel Corporation, is a leader in offshore rig design, repair and construction, ship repair and conversion and specialised shipbuilding.

It has been able to leverage and innovatively apply its market knowledge, rig technology and construction expertise to offer prime solutions that enhance the productivity of installing and maintaining offshore wind farms at various phases.

Keppel O&M first entered the offshore wind energy sector in 2010 when its subsidiary Keppel Verolme in the Netherlands, won a contract to build an electrical transformer and maintenance platform for a German offshore wind farm. This was followed closely by the commercialisation of its proprietary KFELS MPSEP (multi-purpose self-elevating platform) concept in partnership with the Seafox Group. Seafox 5 is Keppel's first offshore wind installation vessel.


About OWEC Tower (AS)
OWEC Tower AS ("OWEC Tower") is a Norwegian company involved in offshore wind turbine foundation design and engineering.

OWEC has developed a proprietary jacket foundation design known as OWEC Quattropod® that is patent protected and is currently the only proven jacket design in the market.


For further information, please contact:

Media
Eva Ho
Deputy General Manager
Group Corporate Communications
Keppel Corporation Limited
Tel: (65) 64136 424
Email: eva.ho@kepcorp.com Investor Relations
Chua Ying Ying
Assistant General Manager
Group Corporate Communications
Keppel Corporation Limited
Tel: (65) 6413 6295
Email: yingying.chua@kepcorp.com

Please also see attached document:

Announcement

Keppel Land contributes to changing cityscapes across Asia as a choice developer with a sterling portfolio of award-winning residential developments, integrated townships and investment-grade commercial properties. Reputed for its quality and innovation hallmark, Keppel Land is committed to develop properties that harmonise with the urban and natural landscape for desirable live-work-play environments and with enduring value for the community.

KV Ventus B.V., a wholly-owned subsidiary of Keppel Corporation Ltd. (Keppel) has today entered into a share purchase and subscription agreement and shareholders' agreement to acquire a 49.9% stake in offshore wind turbine foundation designer OWEC Tower (AS) for about NOK 61 million.

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Keppel to deliver sixth ultra-deepwater semi to Ensco over the past 42 months

Press Releases   •   Dec 14, 2011 09:56 SGT

Keppel FELS Limited (Keppel FELS) is on course to deliver ENSCO 8505, the sixth of seven ENSCO 8500 Series® ultra-deepwater semisubmersible (semi) drilling rigs to Ensco (NYSE: ESV) safely, on time and within budget.

The rig is expected to be completed in the first quarter of 2012 with zero lost-time incidents in over five million man-hours worked. Upon completion, ENSCO 8505 is contracted in the U.S. Gulf of Mexico with Anadarko, Apache and Noble Energy.

With Singapore's Minister of State for Transport and Finance, Mrs Josephine Teo, as the guest-of-honour, the rig was named ENSCO 8505 at Keppel FELS today.

Mrs Teo said, "In addition to the ability to offer customised solutions, our shipyards have long established a strong reputation for quality and timeliness. Keppel FELS' achievement today has done Singapore proud and bears testament to their capabilities and reputation as a leader in their field."

Designed to address some of the most demanding offshore drilling requirements at water depths up to 8,500 feet, ENSCO 8505 features a two million pound quad derrick, offline pipe handling capability, 35,000 feet drilling capacity and 8,000 tonnes of variable deck load.

The fifth in the Series, ENSCO 8504, was delivered by Keppel FELS to Ensco in August this year and has commenced drilling for Total in Brunei.

Mr Daniel W. Rabun, Ensco's Chairman, President & CEO, said, "Our ENSCO 8500 Series® rigs have proven to be a success wherever they operate including Asia, South America and North America. We are confident ENSCO 8505 will perform well and help us maintain our ranking as number one in customer service in the offshore drilling sector.

"Keppel FELS has been a reliable partner achieving an impressive safety record during construction while providing cost-efficient, purpose built vessels on time. This enables us to perform at the highest level for our customers."

Ensco currently has four additional rigs under construction at Keppel FELS. This includes ENSCO 8506, the final ultra-deepwater semisubmersible in the Series with delivery expected in 2012, and three KFELS Super A Class jackup rigs with deliveries scheduled in 2013 and 2014. The first jackup to be delivered, ENSCO 120, is already contracted for work in the Central North Sea.

The three jackup rigs under construction, ENSCO 120, ENSCO 121 and ENSCO 122 provide increased drilling efficiencies for multi-well platform programs, ultra-deep gas drilling, and ultra-long reach wells of up to 40,000 feet drilling depth.

Mr Tong Chong Heong, CEO of Keppel Offshore & Marine, added, "Ensco has been a long-term customer and we are proud that they have entrusted us with 19 major newbuild projects worth nearly US$4.8 billion in total. ENSCO 8505 is the 15th rig that we will be delivering with our hallmark of quality and timeliness. Being able to deliver six 8500 Series rigs within 42 months with the seventh due next year is testament to the excellent execution and productivity gains we have developed with Ensco.

"Our close collaboration includes customising products to fit the market and we are glad that the ultra-premium harsh environment KFELS Super A Class rigs we are building for Ensco have received market acceptance with the recent contracting of ENSCO 120. We are committed to delivering these high-specification rigs to the highest satisfaction of Ensco."

About ENSCO 8500 Series®
The proprietary ENSCO 8500 Series®design is capable of drilling in up to 8,500 feet of water, and can be upgraded to 10,000 feet water-depth capability. The design includes a 35,000' nominal rated drilling depth, six ram BOP, two million pound hoisting capacity, 8,000 tons of variable deck load and an open layout well suited for subsea completion activities. Improved visibility from the open deck configuration also enhances safety.

About Keppel FELS
Keppel FELS is a subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), a wholly-owned company of Keppel Corporation Limited. Keppel O&M is a leader in offshore rig design, repair and construction, shiprepair and conversion and specialised shipbuilding. Its near market, near customer strategy is bolstered by a global network of 20 yards and offices in the Asia Pacific, Gulf of Mexico, Brazil, the Caspian Sea, Middle East and the North Sea regions. Integrating the experience and expertise of its yards worldwide, the group aims to be the provider of choice and partner for solutions for the offshore and marine industry. For more information on Keppel FELS, please visit www.keppelfels.com

About Ensco plc
Ensco plc (NYSE: ESV) brings energy to the world as a global provider of offshore drilling services to the petroleum industry. We have the world's second largest offshore drilling fleet. Ensco is ranked #1 for overall customer satisfaction in the leading independent survey conducted by EnergyPoint Research with #1 ratings in 14 of 16 separate categories. To learn more about Ensco, please visit our website at www.enscoplc.com

 

For further information, please contact

Media
Roy Tan
Assistant Manager
Group Corporate Communications
Keppel Corporation Limited
Tel: (65) 64136 421
Email: roy.tan@kepcorp.com  

Investor Relations
Chua Ying Ying
Assistant General Manager
Group Corporate Communications
Keppel Corporation Limited
Tel: (65) 6413 6295
Email: yingying.chua@kepcorp.com

This press release is available on www.kepcorp.com  and www.keppelom.com 

Keppel Land contributes to changing cityscapes across Asia as a choice developer with a sterling portfolio of award-winning residential developments, integrated townships and investment-grade commercial properties. Reputed for its quality and innovation hallmark, Keppel Land is committed to develop properties that harmonise with the urban and natural landscape for desirable live-work-play environments and with enduring value for the community.

Keppel FELS Limited (Keppel FELS) is on course to deliver ENSCO 8505, the sixth of seven ENSCO 8500 Series® ultra-deepwater semisubmersible (semi) drilling rigs to Ensco (NYSE: ESV) safely, on time and within budget.

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Securus and Keppel T&T expand data centre footprint in Australia

Press Releases   •   Dec 06, 2011 09:02 SGT

Securus Data Property Fund Pte. Ltd. (Securus Fund)1 has formed a joint venture with Keppel Telecommunications & Transportation Ltd's (Keppel T&T) wholly-owned subsidiary2 to own, manage and operate a data centre in Gore Hill, Sydney, Australia.

The joint venture company (JV Co), Securus Guernsey 2 Limited, will be 70% held by Securus Fund and 30% indirectly held by Keppel T&T through its wholly-owned subsidiary. The JV Co has entered into a conditional agreement to purchase the data centre for a consideration of AUD60 million.

Located in the Gore Hill technology precinct in Sydney, the new purpose-built Tier III data centre is a freehold A-Grade asset that has recently achieved practical completion.

A portion of the data centre has already been fitted out to serve a long-term lease with a blue chip anchor tenant. The remaining data centre space will be fitted out in stages to Tier III standards so as to offer premium co-location services to other blue chip clients.

Jonathan King, Co-Fund Manager of Securus Fund, said, "This is Securus Fund's second acquisition in Australia this year, after the acquisition of the iseek Data Centre in Brisbane Export Park in July, and is in line with our strategy of acquiring high quality data centre assets across our target markets. The Gore Hill asset has all the physical attributes of a first-class data centre, by virtue of its strategic location and power availability. This opportunity will further enhance our market position and allow us to capitalise on the growth opportunities in the fast growing data centre sector."

Mr Pang Hee Hon, CEO of Keppel T&T, said, "Australia is one of the leading data centre hubs in the Asia Pacific region and the market is experiencing strong demand for data centres. Therefore, acquiring the Gore Hill data centre will allow us to quickly meet the fast growing demand of the market in Australia and also further build up Keppel's capability and track record in the Asia Pacific region."

The data centre is strategically located approximately 6km away from Sydney's central business district. As it is located along one of Sydney's main power and data arteries, the data centre is supported by a large and secure electrical supply allowing it to service customers with high energy requirements. Furthermore, the data centre also has access to multiple carrier networks and has high fibre optic connectivity, making it ideal for offering prime data co-location services.

The foregoing joint venture is not expected to have any material impact on the net tangible assets and consolidated earnings per share of Keppel T&T for the current financial year.

1 Securus Fund is the world's first Shariah compliant data centre fund and is jointly managed by Keppel Data Centre Investment Management Pte Ltd, a wholly-owned subsidiary of Keppel T&T, and AEP Investment Management Pte Ltd. Securus Fund is also 30% owned by Keppel T&T's wholly-owned subsidiary, Keppel Data Centres Pte Ltd.

2 Keppel T&T's wholly-owned subsidiary, Boxtel Investments Limited, has entered into the joint venture agreement with Securus Fund.


About Securus Data Property Fund Pte. Ltd. (Securus Fund)

Securus Data Property Fund Pte. Ltd. (Securus Fund) is the world's first Shariah-compliant data centre fund jointly managed by Keppel Data Centre Investment Management Pte. Ltd. (Keppel DCIM) and AEP Investment Management Pte. Ltd. (AEPim).

Keppel T&T and AEP Capital Ltd, part of Saudi Arabia-based Al Rajhi Holding Group, are co-sponsors of Securus Fund. Securus Fund's initial closing was achieved at US$100 million with institutional investors from the Middle East and Asia, including a Brunei institution Perbadanan Tabung Amanah Islam Brunei (TAIB) as a cornerstone investor.

Securus Fund intends to acquire a high quality portfolio of data centre assets across its target markets in Asia Pacific, Europe and the Middle East and will consider both existing income generating data centre assets and development opportunities. The Fund is currently assessing a number of opportunities within its target markets.

In July 2011, Securus Fund completed the acquisition of a 70%-stake in iseek Data Centre, located at Brisbane Export Park, Australia, from iseek Communications Pty Ltd.

About Keppel Telecommunications & Transportation Ltd

Keppel Telecommunications & Transportation Ltd (Keppel T&T) is a subsidiary of Keppel Corporation Limited, a Singapore-headquartered multinational company with core businesses in Offshore & Marine, Infrastructure and Property.

Keppel T&T Group is a leading service provider in Southeast Asia and Europe with businesses in Logistics and Data Centres and operations spanning 12 countries. It provides state-of-the-art data centre co-location and business contingency services. Its operations in Singapore and Dublin, through Citadel100 (a 50%-owned company), are designed to provide a high standard of security, air handling and high density resilient power. Its data centre facilities boast some of the leading international blue chip companies in the IT and managed services industry.

Keppel Data Centre Investment Management Pte. Ltd. (Keppel DCIM) is a wholly-owned subsidiary of Keppel T&T. Keppel DCIM is registered as an Exempt Fund Manager.

About AEP Investment Management Pte Ltd

AEP Investment Management Pte Ltd (AEPim) is a Singapore-based private equity investment and fund management company. AEPim's investment focus is in developing and managing real estate strategies in the Asia Pacific Region that cater to the requirements of Shariah-based investors in the Far East and the Gulf Cooperation Council region. Established in Singapore on 28 February 2008, AEPim officially launched its operations on 1 May 2008 on the back of an operation managed then by Yusof Wahid and his team of professionals. AEPim is a company under Al Rajhi Holding Group through its substantial 80% shareholding. Yusof Wahid as the Managing Partner and founder of the business holds the remaining 20% shares, and together with his professional team operates the business of AEPim.

As a Singapore-based investment manager, AEPim is registered as an Exempt Fund Manager and Exempt Corporate Finance Advisor under the Securities & Futures Act (Cap.289).


For further information, please contact:

Media Relations:

Frances Teh (Ms)
Senior Executive
Group Corporate Communications
Keppel Corporation Limited
Tel: 6413 6437
Email: frances.teh@kepcorp.com

Investor Relations:

Chua Ying Ying (Ms)
Assistant General Manager
Group Corporate Communications
Keppel Corporation Limited
Tel: 6413 6295
Email: yingying.chua@kepcorp.com

Keppel Land contributes to changing cityscapes across Asia as a choice developer with a sterling portfolio of award-winning residential developments, integrated townships and investment-grade commercial properties. Reputed for its quality and innovation hallmark, Keppel Land is committed to develop properties that harmonise with the urban and natural landscape for desirable live-work-play environments and with enduring value for the community.

Securus Data Property Fund Pte. Ltd. (Securus Fund) has formed a joint venture with Keppel Telecommunications & Transportation Ltd's (Keppel T&T) wholly-owned subsidiary to own, manage and operate a data centre in Gore Hill, Sydney, Australia.

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Marina at Keppel Bay launches Singapore’s first marina iPhone application

Press Releases   •   Nov 07, 2011 15:11 SGT

Boating enthusiasts, members and even guests to Marina at Keppel Bay can look forward to MarinaKB SG, Singapore's first iPhone application developed by a marina. Launched on 17 October 2011, users can look forward to accessing Marina at Keppel Bay's comprehensive suite of products and services ranging from F&B privileges to yacht charter services to loyalty programmes, all from their mobile phones.

Mr Trevor Fong, General Manager of Marina at Keppel Bay, said "The launch of MarinaKB SG app is an extension of our efforts to constantly enhance the overall experience for our members and guests. With technology enabling connectivity and mobility, making our services available on the mobile phone provides added convenience to customers and increases interaction with our guests."

Incorporating the latest in digital technology, the MarinaKB SG app features a device-based loyalty programme utilising the latest QR code recognition programme. Users can accumulate privilege points from their mobile phones each time they wine and dine at the F&B outlets at the Marina, charter selected luxury yachts, or sign up for sailing courses with the Royal Yachting Association-accredited Keppel Bay Sailing Academy, which they can redeem for rewards such as wine vouchers, cruises, rebates, set lunches and more.

Another interesting feature is the impressive 360° panoramic views of Marina at Keppel Bay. Users can also choose to take a virtual tour of the Marina's event venues - The Wine Glass and The Island Suite - for hosting corporate clients or entertaining guests.

Customers will also be kept abreast of the latest news and promotions around Marina at Keppel Bay via ‘push' notifications. Other interactive features include links to e-mail and ‘sharing' on Facebook, as well as direct call functions to Marina at Keppel Bay's concierge service.

From now till end-December 2011, users who download the MarinaKB SG app stand a chance to win a two-hour full-service private cruise for 12 guests onboard Marina at Keppel Bay's multi-million luxury yacht, The Admiral.

Summary of MarinaKB SG Key Features:
- Singapore's first comprehensive marina-centric mobile device application offering full products and services
- Device-based loyalty/privilege points programme utilising QR code recognition technology
- Virtual tours of Marina at Keppel Bay and venue spaces
- ‘Push' notifications of news and promotions to users
- Interactive application - links to e-mail, ‘share' functions on Facebook and direct calls to Marina at Keppel Bay's concierge

Keppel Land contributes to changing cityscapes across Asia as a choice developer with a sterling portfolio of award-winning residential developments, integrated townships and investment-grade commercial properties. Reputed for its quality and innovation hallmark, Keppel Land is committed to develop properties that harmonise with the urban and natural landscape for desirable live-work-play environments and with enduring value for the community.

Boating enthusiasts,members and even guests to Marina at Keppel Bay can look forward to MarinaKB SG, Singapore's first iPhone application developed by a marina. Launched on 17 October 2011, users can look forward to accessing Marina at Keppel Bay's comprehensive suite of products and services ranging from F&B privileges to yacht charter services to loyalty programmes, all from their mobile phones.

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Marina at Keppel Bay ups the ante in sustainable waterfront developments

Press Releases   •   Nov 06, 2011 15:09 SGT

The Marina's green accolades - BCA Green Mark Gold and Clean Marina accreditation - reinforce Keppel Bay as one of the world's most sustainable precincts offering a true and complete waterfront lifestyle.

Marina at Keppel Bay has been conferred the Green Mark Gold Award by the Building and Construction Authority (BCA) of Singapore, as well as the Clean Marina accreditation by the Marina industry Association of Australia (MIAA).

Marina at Keppel Bay is part of the world-class waterfront precinct of Keppel Bay, which comprises an office building, Keppel Bay Tower, as well as two residential properties - Reflections and Caribbean at Keppel Bay. It is the 26th development under Keppel Land to receive this green accolade since 2006. Both Reflections at Keppel Bay and Keppel Bay Tower were conferred the BCA Green Mark Gold Award in 2008 and 2010 respectively.

Mr Kevin Wong, Group CEO of Keppel Land, said, "Keppel Bay redefines true and sustainable waterfront living in Singapore and the region. Beyond awards, this green accolade reaffirms our commitment to develop buildings that have minimal impact on the environment. This is increasingly relevant as environmental issues continue to dominate global agendas and eco-consciousness becomes ever more widespread.

"Balancing social responsibility with economic viability, we are committed to 'green' all our properties and have set as a benchmark for all our projects in Singapore and overseas the target of achieving at least the BCA Green Mark Gold standard or its equivalent overseas."

Incorporating some of the latest in green technology, the clubhouse and F&B outlets at Marina at Keppel Bay is expected to achieve overall savings of 14.3% in energy consumption, resulting in annual savings of more than 305,000 kWh or close to $61,000, and reduction of 152.5 tonnes of carbon emission.

Mr Tan Tian Chong, Director of Technology Development of BCA, said, "We are heartened that the BCA Green Mark scheme is widely adopted, thereby reinforcing the importance of sustainable development in today's environment. We believe that members and visitors to Marina at Keppel Bay will reap the benefits of being within an environmentally sustainable environment."

Some of Marina at Keppel Bay's green features include the installation of motion sensors, as well as flow-regulator taps and low-capacity water systems to reduce energy and water consumption within its clubhouse and F&B outlets. Within the carpark, LED lights ensure the area remains well lit without consuming too much energy, while sensors keep the level of carbon monoxide within acceptable levels, which in turn reduces the need for mechanical ventilation fans.

Separately, Marina at Keppel Bay has also become the first in Asia to achieve the Clean Marina Level 3 accreditation by the MIAA. A Level 3 accreditation signifies that the Marina has been independently audited by a trained and qualified Clean Marina consultant, and has met the 124 environmental assessment criteria in areas such as fuelling, waste storage and disposal, emergency planning and management of environmental practices.

The Marina is the first in the region to offer a reticulated vacuum sewer pump-out system to ensure sewage from vessels is not discharged into the waters. Boat owners are also encouraged to use biodegradable washing liquids and detergents when cleaning their yachts.

Keppel Land has also set environmental performance targets which include reducing its carbon footprint by ensuring at least 40% of construction materials are sourced within 1,000 km and using building materials with at least 20% recycled content for new developments.

The BCA Green Mark Scheme was launched in January 2005 to promote sustainability in the built environment. The Scheme incorporates best practices in environmental design and construction, and the adoption of green building technologies.

For more information, please contact:
Grace Chia
Senior Manager
Keppel Group Corporate Communications
Tel: 64136 434 / 9694 1328
Email: grace.chia@kepcorp.com

Keppel Land contributes to changing cityscapes across Asia as a choice developer with a sterling portfolio of award-winning residential developments, integrated townships and investment-grade commercial properties. Reputed for its quality and innovation hallmark, Keppel Land is committed to develop properties that harmonise with the urban and natural landscape for desirable live-work-play environments and with enduring value for the community.

Marina at Keppel Bay has been conferred the Green Mark Gold Award by the Building and Construction Authority (BCA) of Singapore, as well as the Clean Marina accreditation by the Marina industry Association of Australia (MIAA).

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Updates on Keppel Subic Shipyard incident

Press Releases   •   Oct 08, 2011 11:45 SGT

To be attributed to Mr Mok Kim Whang, President and General Manager, Keppel Subic Shipyard:

We are deeply saddened that one of the seven injured workers had passed away in Our Lady of Lourdes International Medical Center, Olongapo City at around 10.15pm last night, on 7 October 2011.

This brings the total number of fatalities to six. They were Cris Xander Papna, Jhay Lord Reyes, Glenn Miranda and Ronaldo Bagay who were project employees of Keppel Subic Shipyard (KSS) and Mark San Juan and Ronald Lara, who were from Garcia & Rocafor General Services (G&R), the yard's subcontractor.

Of the six injured workers, Berlindo Asinas and Eleazar Elopre Jr. are KSS project employees while Albert Recana, Alvin Penaverde, Wendy May Balaba and Belmore Dela Vega are workers from G&R. Currently, three of them are in stable condition and the other three are still warded in the intensive care unit.

The yard has suspended work on this vessel pending further investigation.

We are saddened that this incident has happened and our foremost thoughts are with the affected workers and their families. We would like to offer our sincere condolences once again to the families of the victims and are extending the necessary funeral and financial assistance to the victims and their families.

A taskforce comprising senior management from KSS and headquarters from Singapore has been formed to look into further enhancing safety at the yard.

The investigation is on-going, and we continue to cooperate fully with the authorities in the Philippines.

For further information, please contact:

Wong Chai Yueh
Assistant Manager 
Group Corporate Communications 
Keppel Corporation Limited
Tel: (65) 6413 6450      
Mobile: (65) 9764 4034      
Email: chaiyueh.wong@kepcorp.com

About Keppel Shipyard

Keppel Shipyard is a subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), a wholly-owned company of Keppel Corporation Limited. Keppel O&M is a leader in offshore rig design, repair and construction, shiprepair and conversion and specialised shipbuilding. Its near market, near customer strategy is bolstered by a global network of 20 yards in the Asia Pacific, Gulf of Mexico, Brazil, the Caspian Sea, Middle East and the North Sea regions. Integrating the experience and expertise of its yards worldwide, the group aims to be the provider of choice and partner for solutions for the offshore and marine industry.


We are deeply saddened that one of the seven injured workers had passed away in Our Lady of Lourdes International Medical Center, Olongapo City at around 10.15pm last night, on 7 October 2011.

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Press Statement on Keppel Subic Shipyard Incident

Press Releases   •   Oct 07, 2011 11:41 SGT

To be attributed to Mr Mok Kim Whang, President and General Manager, Keppel Subic Shipyard:

It is with deep regret that we confirm an incident has happened at Keppel Subic Shipyard in the Philippines today, 7 October 2011 at around 10.20am in the morning.

The incident occurred at a dock where a vessel was being repaired. A stern ramp fell on a scaffolding underneath a ramp where the workers were working. As a result, five of the workers died while seven were injured.

The injured workers have been sent to the hospital.

We would like to offer our deepest condolences to the families of the victims, and we are rendering the necessary assistance to them.

The investigation is still on-going, and we are cooperating with the authorities in the Philippines.

We will provide updates once we have more details available.


For further information, please contact:

Eva Ho
Deputy General Manager 
Group Corporate Communications 
Keppel Corporation Limited
Tel: (65) 6413 6424      
Mobile: (65) 9617 6234      
Email: eva.ho@kepcorp.com

Wong Chai Yueh
Assistant Manager
Group Corporate Communications
Keppel Corporation Limited
Tel: (65) 6413 6450      
Mobile: (65) 9764 4034      
Email: chaiyueh.wong@kepcorp.com

About Keppel Shipyard

Keppel Shipyard is a subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), a wholly-owned company of Keppel Corporation Limited. Keppel O&M is a leader in offshore rig design, repair and construction, shiprepair and conversion and specialised shipbuilding. Its near market, near customer strategy is bolstered by a global network of 20 yards in the Asia Pacific, Gulf of Mexico, Brazil, the Caspian Sea, Middle East and the North Sea regions. Integrating the experience and expertise of its yards worldwide, the group aims to be the provider of choice and partner for solutions for the offshore and marine industry.


To be attributed to Mr Mok Kim Whang, President and General Manager, Keppel Subic Shipyard:

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Signing of Investment Cooperation Agreement by Singapore-Sichuan Investment Holdings Pte Ltd

Press Releases   •   Sep 16, 2011 16:58 SGT

Keppel Land Limited (“KLL” or the “Company”) wishes to announce that Singapore-Sichuan Investment Holdings Pte Ltd (“SSIH”), in which the Company has, through its associated company Keppel Hi-Tech Innovation Park Holdings Pte. Ltd. (“Keppel Hi-Tech”), an effective interest of 3.5%, has today signed an Investment Cooperation Agreement with Chengdu Hi-Tech Investment Group Co., Ltd. (“CHTIG”) and the Chengdu government (represented by the ChengduHigh-tech Industrial Development Administrative Committee) in relation to the proposed development of a 1000-hectare innovation park in the Chengdu Hi-Tech Zone’s South Park within the Chengdu-Chongqing Economic Zone.

The Investment Cooperation Agreement will take effect upon the signing of a joint venture agreement between SSIH and CHTIG.

Keppel Hi-Tech holds 10% shareholding interest in SSIH, a Singapore joint venture (“JointVenture”) that includes Sembcorp Industrial Parks Ltd (“Sembcorp”), a wholly-owned subsidiary of Temasek Holdings (Private) Limited (“Temasek”) and Ascendas (China) Pte Ltd. SSIH and CHTIG will in turn own 50:50 share in a Chinese incorporated company to co-develop the innovation park. The registered capital of the project company is approximately US$297 million. The shareholders of Keppel Hi-Tech comprise Keppel Land China Limited (a wholly-owned subsidiary of KLL), Keppel Corporation Limited (“KCL”) and Keppel Integrated Engineering Limited with 35%, 45% and 20% shareholding interests respectively. The Joint Venture is an “interested person transaction” for the purposes of Chapter 9 of the Listing Manual as SembCorp is an associate of Temasek and Temasek is a controlling shareholder of SembCorp, KCL and KLL. However, the aggregate value of all transactions (including the abovementioned transactions) entered into with each of Temasek, Sembcorp and KCL in FY2011 does not equal to, nor exceed, 3% of KLL Group’s latest audited net tangible assets.

Mr Choo Chiau Beng, Mr Teo Soon Hoe and Mrs Oon Kum Loon, directors of the Company, are directors of KCL.

Save as disclosed hereunder, none of the directors or controlling shareholders of the Company has any interest, direct or indirect, in the abovementioned transactions.

The abovementioned transactions are not expected to have any material impact on the earnings per share and net tangible assets per share of the KLL Group for the current financial year.

BY ORDER OF THE BOARD
Choo Chin Teck
Company Secretary
15 September 2011

Keppel Land contributes to changing cityscapes across Asia as a choice developer with a sterling portfolio of award-winning residential developments, integrated townships and investment-grade commercial properties. Reputed for its quality and innovation hallmark, Keppel Land is committed to develop properties that harmonise with the urban and natural landscape for desirable live-work-play environments and with enduring value for the community.

KLL announces that SSIH, in which the Company has, through its associated company Keppel Hi-Tech, an effective interest of 3.5%, has today signed an Investment Cooperation Agreement with CHTIG and the Chengdu government in relation to the proposed development of a 1000-hectare innovation park in the Chengdu Hi-Tech Zone’s South Park within the Chengdu-Chongqing Economic Zone.

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Keppel to build world’s largest sheerleg floating crane worth S$143 million

Press Releases   •   Sep 14, 2011 15:47 SGT

Keppel Offshore & Marine Ltd (Keppel O&M), through its wholly-owned subsidiary, Keppel Nantong Shipyard Co. Ltd (Keppel Nantong) in China has secured a contract worth S$143 million to build a heavy lift sheerleg crane vessel for Asian Lift Pte Ltd (Asian Lift).

Scheduled to be completed in 3Q 2013, the 5,000-tonne floating crane will be the largest and most versatile heavy lift sheerleg crane vessel of its kind in the world. To be named Asian Hercules III, the self-propelled vessel will have enough power to lift a weight equal to over 5,000 saloon cars.

Mr Lee Tai Kwee, President of Keppel Nantong said, "Keppel and Asian Lift have a winning partnership that has been instrumental to the success of both companies. We are proud to continue this mutual growth with the construction of the world's largest sheerleg crane. Such cranes are essential equipment for the efficient operation of our shipbuilding and offshore construction work.

"Keppel Nantong has established a track record in specialised shipbuilding, some of which are harbour tugs and anchor handling supply vessels for Smit. The construction of Asian Hercules III adds another dimension to the versatility and capabilities of the yard, and we look forward to delivering it on time, within budget and in a safe manner."

Upon delivery, Asian Hercules III's first assignment will be in Singapore. She will serve the offshore oil and gas as well as marine markets in South East Asia. The vessel will measure 106m long and 52m wide with a hook height of at least 172m.

Mr John Chua, General Manager of Asian Lift added, "We believe that Asian Hercules III will play an important role in serving the industry where heavy lift activities are essential. South East Asia is an important market, especially with the high volume of offshore and marine projects being contracted here. With the weight of modules and other components increasing, Asian Hercules III will be well placed to meet the needs of the market for greater lifting capacity.

"Having worked with Keppel for many years, we are confident of Keppel Nantong's ability to successfully deliver this crane and add to our highly-capable fleet."

Asian Lift's fleet of floating cranes includes the 400-tonne Asian Helping Hand lll, the 1,600-tonne Asian Hercules and the 3,200-tonne Asian Hercules II.

Keppel Nantong is currently undertaking the construction of six 45-tonne bollard pull twin-screw Azimuth Stern Drive (ASD) tugboats for Keppel Smit Towage. They are being built to Keppel O&M's proprietary design, developed by its technology unit, Marine Technology Development.

The above contract is not expected to have a material impact on the net tangible assets or earnings per share of Keppel Corporation Limited for the current financial year.


About Keppel Nantong

A wholly-owned subsidiary of Keppel O&M, Keppel Nantong specialises in the construction of offshore support vessels, harbour tugs and offshore structures. Keppel O&M is a leader in offshore rig design, repair and construction, ship repair and conversion and specialised shipbuilding. Its near market, near customer strategy is bolstered by a global network of 20 yards and offices in the Asia Pacific, Gulf of Mexico, Brazil, the Caspian Sea, Middle East and the North Sea regions. Integrating the experience and expertise of its yards worldwide, the group aims to be the provider of choice and partner for solutions for the offshore and marine industry.


About Asian Lift

Asian Lift is a 50/50 joint venture between two of the world's leaders in the marine industry - Keppel Offshore & Marine Ltd and Smit Singapore Pte Ltd. The venture started in 1985 with the pooling of sheerleg cranes between both companies and with the timely introduction of the 1600MT Asian Hercules. Asian Lift owns and operates a fleet of modern sheerleg cranes which has grown from 3 Sheerlegs to 5 Sheerlegs, excluding Asian Hercules III. This includes the 1,600-tonne Asian Hercules and the 3,200-tonne Asian Hercules II. Its fleet has a total combined capacity of up to 6600 MT for multiple crane lift operations.

 

For further information, please contact:

Media

Wong Chai Yueh
Assistant Manager 
Group Corporate Communications
Keppel Corporation Limited
Tel: (65) 6413 6450
Email: chaiyueh.wong@kepcorp.com

Investor relations

Chua Ying Ying
Assistant General Manager
Group Corporate Communications
Keppel Corporation Limited
Tel: +65 6413 6295
Email: yingying.chua@kepcorp.com

Keppel Land contributes to changing cityscapes across Asia as a choice developer with a sterling portfolio of award-winning residential developments, integrated townships and investment-grade commercial properties. Reputed for its quality and innovation hallmark, Keppel Land is committed to develop properties that harmonise with the urban and natural landscape for desirable live-work-play environments and with enduring value for the community.

Keppel Offshore & Marine Ltd (Keppel O&M), through its wholly-owned subsidiary, Keppel Nantong Shipyard Co. Ltd (Keppel Nantong) in China has secured a contract worth S$143 million to build a heavy lift sheerleg crane vessel for Asian Lift Pte Ltd (Asian Lift).

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Contacts 1 contact

  • Press Contact
  • Executive, Group Corporate Communications
  • wanjun.lee@kepcorp.com
  • +65 6270 6666
  • +65 6413 6423

About Keppel Corporation

To be the Provider of Choice for Solutions to the Offshore & Marine Industries, Sustainable Environment and Urban Living.

With a global footprint in over 30 countries, Keppel Corporation leverages its international network, resources and talents to grow its key businesses. It aims to be the Provider of Choice for Solutions to the Offshore & Marine Industries, Sustainable Environment and Urban Living, guided by its key business thrusts of Sustaining Growth, Empowering Lives and Nurturing Communities.

The Keppel Group of Companies includes Keppel Offshore & Marine, Keppel Integrated Engineering, Keppel Energy, Keppel Telecommunications & Transportation (Keppel T&T) and Keppel Land, among others.

Keppel Offshore & Marine is the leader in offshore rig design, construction and repair, ship repair and conversion and specialised shipbuilding. Its Near Market, Near Customer strategy is bolstered by a global network of 20 yards and offices in the Asia Pacific, Gulf of Mexico, Brazil, the Caspian Sea, Middle East and the North Sea regions.

Keppel Integrated Engineering, a leading global provider of environmental solutions and engineering services, offers a complete range of water and thermal technologies for municipal and industrial clients. Keppel Energy has a track record of developing, owning and operating power plants in Singapore, Asia and Latin America. Keppel T&T is a leading service provider in Southeast Asia and Europe with businesses in logistics and data centres with operations spanning 12 countries.

Address

  • Keppel Corporation
  • 1 Harbourfront Avenue, #18-01 Keppel Bay Tower
  • 098632 Singapore