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Monday, October 21, 2019

Keppel Group News

“The iDiver, a Remotely Operated Robotic Diver , performs underwater inspections on vessels and underwater structures, hence eliminating the need for divers to perform hazardous tasks under water.” (Photo: Keppel)

Keppel Wins 18 Awards at WSH 2019

Keppel Group has clinched 18 awards at this year's Workplace Safety and Health (WSH) Awards, organized by the Workplace Safety and Health Council (WSHC) and Ministry of Manpower (MOM), Singapore. This is the highest number of awards won by a single organization this year. Keppel had also won the highest number of awards in 2018.Of the 18 awards, Keppel Offshore & Marine (Keppel O&M) received 12 awards under the Safety and Health Award Recognition for Projects (SHARP) category for exemplary project safety and health management systems.Keppel FELS…

Keppel FELS Brasil. Photo: Keppel Offshore & Marine

Keppel O&M to Pay US$422m to Resolve Petrobras Issue

Keppel Corporation Limited (Keppel Corporation or Keppel) today confirmed that KOM has reached a global resolution with criminal authorities in the United States, Brazil and Singapore in relation to corrupt payments made by KOM's former agent in Brazil,  Zwi Skornicki. As part of the global resolution, KOM has accepted a conditional warning from the Corrupt Practices Investigation Bureau (CPIB) in Singapore, and entered into a Deferred Prosecution Agreement (DPA) with the U.S.

Image: Keppel Offshore & Marine.

BrasFELS Delivers Fifth FPSO Project for MODEC

Keppel Offshore & Marine's (Keppel O&M) wholly owned subsidiary Keppel FELS Brasil's BrasFELS shipyard in Brazil has delivered the Cidade de Campos dos Goytacazes MV29, a Floating Production Storage and Offloading (FPSO) vessel, to repeat customer MODEC Offshore Production Systems (Singapore) Pte. Ltd., an EPCI arm of the MODEC, Inc. group (MODEC). The FPSO was completed safely, on time and within budget, and departed the shipyard recently for the Bananal Bay in Brazil. It will subsequently be deployed in the Tartaruga Verde and Tartaruga Mestiça Fields…

Ms Christina Tan

Keppel to Focus on its Asset Management Businesses

Keppel plans to consolidate its interests in business trust, REIT and fund management under Keppel Capital and grow its asset management business. In a major restructuring exercise to grow the contribution from its Investment Division, Keppel Corporation Limited (Keppel Corporation) plans to consolidate its interests in business trust management, real estate investment trust (REIT) management and fund management businesses (collectively, "Asset Management") under Keppel Capital Holdings Pte. Ltd. (Keppel Capital), a wholly-owned subsidiary of Keppel Corporation.

Keppel Group Consolidates Tower Ownership

Keppel Corporation Limited and Keppel Land Limited have today, through a subsidiary, entered into and completed a share purchase agreement with Mapletree Investments Pte Ltd to acquire the remaining 30 percent interest in Harbourfront One Pte Ltd, which holds Keppel Bay Tower, for a consideration of approximately $180.9 million. This is part of a share swap transaction with Mapletree that sees the holding companies under Keppel Corporation and Keppel Land divesting to Mapletree their 39 percent interest in Harbourfront Two Pte Ltd…

Keppel Comes Out Tops at WSH Awards

Keppel Group has clinched 35 awards at this year's Workplace Safety and Health (WSH) Awards, organized by the Workplace Safety and Health Council (WSHC) and Ministry of Manpower (MOM), Singapore. It is the highest number of awards won by a single organization this year. Of the 35 awards, Keppel Offshore & Marine (Keppel O&M) bagged 31 awards under the Safety and Health Award Recognition for Projects (SHARP) category for its exemplary safety performance as well as good safety and health management systems. Keppel Shipyard also clinched the WSH Innovation Award with the Coupler Repair Workbench.

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Keppel Makes a Clean Sweep at WSH Awards

Keppel Group has clinched 35 awards at this year's Workplace Safety and Health (WSH) Awards, organised by the Workplace Safety and Health Council (WSHC) and Ministry of Manpower (MOM), Singapore. It is the highest number of awards won by a single organisation this year. Of the 35 awards, Keppel Offshore & Marine (Keppel O&M) bagged 31 awards under the Safety and Health Award Recognition for Projects (SHARP) category for its exemplary safety performance as well as good safety and health management systems. Keppel Shipyard also clinched the WSH Innovation Award with the Coupler Repair Workbench.

Independent Director Mr Tony Chew Leong-Chee

Keppel's Independent Director Leong-Chee to retire

Keppel Corporation Limited (Keppel Corporation) announced that Mr Tony Chew Leong-Chee, Non-Executive and Independent Director, will be retiring from the Board of Directors of Keppel Corporation on 1 May 2015. Mr Chew will concurrently cease to be Chairman of the Nominating Committee and member of the Audit Committee. Dr Lee Boon Yang, Chairman of Keppel Corporation said, "On behalf of the Board, I would like to thank Tony for his contributions during his 13 years of distinguished service. The Keppel Group has benefited from his extensive business experience, wisdom and entrepreneurial spirit.

Keppel Corp. Announces New CEO for SSTEC

Liew Choon Boon has been designated as chief executive officer of Sino-Singapore Tianjin Eco-City Investment and Development Co., Ltd. (SSTEC), taking over the baton from SSTEC's outgoing CEO, Ho Tong Yen, with effect from July 1, 2015, Keppel Corporation announced. Liew will hold a concurrent appointment as advisor on Eco-City matters in the Ministry of National Development. Liew Choon Boon is currently a senior director in the Ministry of National Development. He has held a range of senior positions in policy and operational areas in education…

Keppel Listed on Global Sustainability Indices

Driven by a firm commitment to continuously strengthen its environmental, social and governance (ESG) management and strategy, Keppel Corporation's sustainability efforts have gained momentum, affirmed by inclusion on several global sustainability benchmarks in recent months. Keppel Corporation has been included on the latest Euronext Vigeo World 120 index released 28 November 2014. The company has been listed among the top 120 companies in Europe, North America and Asia Pacific for control of corporate responsibility risk and contribution to sustainable development.

Keppel Infrastructure Sheds Facilities Arm

Keppel Infrastructure Holdings Pte Ltd (KI), through its wholly-owned subsidiary, has signed an agreement for the sale of its entire stake in Keppel FMO (KFMO) to Cofely GDF SUEZ for a cash consideration of S$44.72 million, subject to a post-closing adjustment for working capital and a deferred consideration amount of up to S$9.72 million. KFMO provides integrated facilities management services for clients across various industries and business segments in both the public and private sectors. The purchaser, Cofely South East Asia Pte. Ltd. is a subsidiary of the GDF SUEZ Group.

Keppel's Senior Executive Director to Retire

Keppel Corporation Limited announced that Teo Soon Hoe, Senior Executive Director, Keppel Corporation will retire June 1, 2014. Teo will step down as Chairman of Keppel Telecommunications & Transportation Ltd (Keppel T&T) and non-independent director of Keppel Infrastructure Fund Management Pte Ltd (KIFM), Trustee Manager of Keppel Infrastructure Trust, with effect from the same date. Teo will continue to represent Keppel Corporation as its nominee director on the boards of Tianjin Eco-city companies, and k1 Ventures Limited.

Keppel Launches Mobile Website

Keppel Corporation launched a mobile-friendly website, www.kepcorp.com. The mobile website puts important company information at the fingertips of users on-the-go, offering streamlined content with seamless navigation at optimal loading speeds. Company announcements, live stock prices, video clips and other investor information are just taps away. Keppel Corporation’s mobile website is compatible with Apple and Android (e.g. Samsung & HTC) smartphones.  The company welcomes feedback on the mobile website at keppelgroup@kepcorp.com

New Appointments at Keppel Strengthen Growth

The Board and Management of Keppel Offshore & Marine Ltd (Keppel O&M) wish to announce several new appointments as part of ongoing efforts to put in place a strong leadership team to continually reinforce the Group's growth strategy. Mr Michael Chia, 59, has been appointed Managing Director (Marine) of Keppel O&M and will oversee Keppel O&M's Marine Division which includes Keppel Shipyard, Keppel Singmarine and other marine-related overseas yards. Mr Chia will concurrently hold…

Keppel Sets Up Charitable Foundation

Keppel Corporation launch Keppel Care Foundation Limited to help the needy & under-privileged, promote education & encourage eco-friendly initiatives. The Keppel Group of Companies (Keppel) will commit up to S$50 million over the next ten years to the Foundation. Provide relief from human suffering and improve the standard of human life by the prevention, combating and treatment of sickness and disease. Former President of the Republic of Singapore, Mr S R Nathan, launched the Keppel Care Foundation today at a fundraising concert to celebrate Keppel Offshore & Marine's 10th anniversary.

Keppel Wins 34 Safety Awards

Keppel Group has clinched a record 34 safety awards at this year's Workplace Safety and Health (WSH) Awards. It is the highest number by a single organization since the awards were introduced in 2006 by the Workplace Safety and Health Council (WSHC) and Ministry of Manpower (MOM), Singapore. The Group bettered its previous showing of garnering 26 awards last year. The 34 awards were spread out across its three businesses, which is a first for the Group. Its offshore and marine division was bestowed 25 safety awards for achieving zero incidents on its newbuild and conversion projects.