Keppel Celebrates 45 Years

MarineLink.com
Tuesday, August 06, 2013

In commemoration of its 45th Anniversary, themed “Shaping the Future”, Keppel Corporation commits $12 million to National Art Gallery, Singapore in support of its center for art education, to be named Keppel Center for Art Education.

Committed to shaping the future, Keppel Corporation presented, as a gift to children of Singapore, the commitment of $12 million to National Art Gallery for its center for art education, which will be named Keppel Center for Art Education.

President Tony Tan witnessed the presentation of the cheque by Dr Lee Boon Yang, Chairman of Keppel Corporation and Mr Choo Chiau Beng, CEO of Keppel Corporation to Mr Hsieh Fu Hua, Chairman of the National Art Gallery and Ms Chong Siak Ching, CEO of the National Art Gallery at Keppel Corporation's 45th Anniversary Gala Dinner.

The Keppel Center for Art Education, an integral part of the National Art Gallery,will be the first dedicated art education facility in Singapore and the region. It is projected to engage 250,000 children, youths and families per year when it opens in 2015.

The anniversary celebrations marked a significant milestone in Keppel's growth journey from a small ship repair yard into a world-class solutions provider for the offshore and marine, sustainable environment and urban living industries.

Keppel was listed as a shipyard on the Stock Exchange of Singapore in 1980 and its market capitalisation was $396 million. Today, its market capitalisation has grown to almost $19 billion. The company's full year revenue and net profit have risen from about $723 million and $87 million in 1981 to $13.9 billion and $2.2 billion or $1.9 billion respectively (before revaluation, major impairment and divestments) in 2012.

In his speech at the gala event, Choo Chiau Beng, CEO of Keppel Corporation, said, "In our businesses, we had many ups and downs especially in the offshore and marine and property cycles and we had to make some difficult decisions - restructuring, write-downs and divestments. Through them all, we have always been careful about employee and shareholder interests and mindful of our commitment to create and grow value. We have ventured beyond Singapore's shores since the early days and invested in new markets, like the US, Azerbaijan, Brazil and China - which were not easy. In so doing, we have developed and executed our Near Market, Near Customer strategy for the offshore and marine business. "Today, we have more than 40,000 Keppelites working together in 30 countries worldwide, writing the next chapters of the Keppel story. Moving ahead, Keppel will ride on the sustainable urbanisation trend in Asia and elsewhere to provide solutions to our industry partners."

The Gala event held at the Shangri-La Hotel was attended by about 700 eminent guests including several ambassadors and Singapore ministers - Emeritus Senior Minister Goh Chok Tong; Ms Grace Fu, Minister in the Prime Minister's Office and Second Minister for the Environment and Water Resources & Foreign Affairs as well as Mr Teo Ser Luck, Minister of State, Ministry of Trade and Industry and Keppel's key customers, business associates and industry partners

Maritime Reporter September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

World’s 1st LNG Hybrid Barge Christened "Hummel"

The world’s first LNG hybrid barge of Becker Marine Systems was christened with the name "Hummel" on October 18, 2014, at Grasbrook Quay in HafenCity Hamburg.

Shadrin is D.G. of Gazprom Investholding

On October 13 the Gazprom leadership acceded to Alisher Usmanov's request for releasing him from his position as Director General of Gazprom Investholding. At the meeting Alexey Miller,

A2SEA Signs for Dudgeon

Dudgeon Offshore Wind Limited has awarded the Charter for WTG transport and installation to A2SEA A/S. A2SEA shall provide the jack-up vessel Sea Installer

Shipbuilding

World’s 1st LNG Hybrid Barge Christened "Hummel"

The world’s first LNG hybrid barge of Becker Marine Systems was christened with the name "Hummel" on October 18, 2014, at Grasbrook Quay in HafenCity Hamburg.

NSPR Set to Reduce Weld Distortion

Since weld distortion is a very costly problem for U.S. shipyards, the National Shipbuidling Research Program (NSRP) has embarked on a project to reduce weld

KBR, Daewoo win Eni FLNG FEED

KBR Inc. announced today that the KD Consortium, consisting of KBR and Daewoo Shipbuilding & Marine Engineering Company, Ltd, has been awarded a front end engineering

Ship Repair & Conversion

USS Constitution Not to Set Sail Until 2018

The crew of USS Constitution embarked on their final Boston Harbor underway demonstration aboard Old Ironsides this year, Oct. 17. Constitution set out into

NSPR Set to Reduce Weld Distortion

Since weld distortion is a very costly problem for U.S. shipyards, the National Shipbuidling Research Program (NSRP) has embarked on a project to reduce weld

Liebherr Delivers Two Carnes to Indian Shipyard

Liebherr-Werk Biberach GmbH delivered two cranes for permanent use in a Lavgan Dockyard in India. The two 200 EC-H 10 FR.tronic top-slewing cranes will be used

Education/Training

USS Constitution Not to Set Sail Until 2018

The crew of USS Constitution embarked on their final Boston Harbor underway demonstration aboard Old Ironsides this year, Oct. 17. Constitution set out into

Much Activity During Danish Maritime Days

Danish Maritime Days was well visited, and there were many participants and great enthusiasm at the more than 50 events. Attendance at the many events tells that the maritime days were successful.

Open Ship a Success

Amaliekajen was buzzing with life during Culture Night, when the Danish Maritime Authority’s vessel Poul Løwenørn lowered the gangway and invited everyone interested on board.

News

Saudi Oil Pipeline Set Alight

A "limited fire" broke out on a subsidiary oil pipeline in eastern Saudi Arabia on Saturday after assailants fired shots at a security patrol, the state news agency SPA said.

Maduro Says Venezuela's 2015 Budget to Put Oil at $60

Venezuela's 2015 budget will be based on a target oil price of $60 dollars per barrel, President Nicolas Maduro said on Friday night, but he repeated expectations that prices will recover.

Long Beach Port Adds ‘Free Time’ for Cargo to Ease Congestion

The Port of Long Beach will add an extra three days to the time that overseas import containers can remain on the docks without charge, in order to grant some

 
 
Maritime Contracts Maritime Security Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2720 sec (4 req/sec)