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Sunday, January 21, 2018

Keppel Corp News

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17 Keppel Employees Pay for Petrobras Bribery Case

Keppel Corp's rig-building unit has taken disciplinary action against 17 current and former employees as part of its Brazil bribery case, a U.S. court document showed, including $8.9 million of financial sanctions, demotions and departures. The measures were revealed after the Singapore-based company agreed to pay $422 million to settle charges it bribed Brazilian officials, including some at state-run oil company Petrobras. Singapore authorities are investigating individuals involved.   In the document seen by Reuters, U.S. authorities listed remedial measures taken by Keppel Offshore &

Keppel Comes Out Tops at WSH Awards

Infrastructure, has clinched this award for its district cooling systems (DCS) plant operations and Engineering, Procurement and Construction project to provide DCS services to MediaCorp's new campus at Mediapolis@one-north.   R K Jaggi, General Manager, Group Health, Safety and Environment, Keppel Corporation, said, "At Keppel, safety is not only a top priority but more importantly a core value. Across all levels of the Company, we instill the mindset that safety is everyone's business and encourage everyone to look out for one another. Through various platforms such as training programs

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

Keppel Wins $88.5M in Floating Production Contracts

Keppel Offshore & Marine Ltd (Keppel O&M)'s local and overseas subsidiaries continue to win support from repeat customers by securing four contracts worth a total of about $88.5 million.   In Singapore, Keppel O&M's wholly-owned subsidiary Keppel Shipyard Ltd (Keppel Shipyard) secured two conversion contracts - the first is for a Liquefied Natural Gas (LNG) Floating Storage Unit (FSU) vessel awarded by Armada Floating Gas Storage Limited, a wholly-owned subsidiary of Bumi Armada Berhad (Bumi Armada); the second is for a Floating Production Storage and Offloading (FPSO) vessel

Keppel T & T Appoints Lim Chin Leong to its Board

Services. Mr Lim retired as Chairman of Asia for Schlumberger in 2010. Upon retirement, he assumed a consulting role for Schlumberger Carbon Services and business advisor to Imerys for their minerals mining business in China. Mr Loh Chin Hua , Chairman of the Keppel T&T Board and CEO of Keppel Corporation, said, "We are privileged to have Chin Leong join our Board. With his wealth of experience across various markets, we look forward to his contribution as we chart Keppel T&T's continued growth and create value for our stakeholders." Mr Lim is currently a non-executive Director

Matt Woodruff

Woodruff Named American Maritime Partnership President

The American Maritime Partnership (AMP) today announced the election of Matt Woodruff of Kirby Corporation as its new President. He succeeds Thomas A. Allegretti, President & CEO of The American Waterways Operators.   “Leading the American Maritime Partnership – which speaks for the half a million American men and women whose employment depends on the domestic maritime industry – is a great honor. Our vibrant domestic maritime industry is an essential foundation for America’s economic, national, and homeland security,” Woodruff said. “I look forward to

Sharon Gill, VP of Sales, Singapore

ShipServ opens Singapore office

get much closer to one of the biggest and most vibrant shipping markets in the world and will look to increase our already substantial customer base in the region,” said Kim Skaarup, Chief Operating Officer of ShipServ. Singaporean owners, managers and shipyards currently using ShipServ include Keppel Shipyard, Thome Ship Management, EMAS AMC, MOL Shipmanagement and American Eagle Tankers.  There are also 4000 Singaporean suppliers on the platform. “The MPA and the SSA have been big advocates of innovation in shipping and with an established and growing user base in Singapore, it

Keppel Wins SBM FPSO Conversion Deal

As energy markets start to rebound, Keppel Shipyard Ltd. secured a Floating Production Storage and Offloading vessel (FPSO) conversion contract from  SBM Offshore N.V. (SBM Offshore). The contract calls for a VLCC to be converted into an FPSO, to be deployed to the Liza field, located approximately 193km offshore Guyana in the Stabroek block. The shipyard's work scope includes refurbishment and life extension works, such as the upgrading of living quarters, fabrication and installation of spread mooring systems, as well as the installation and integration of topside modules. The converted FPSO

Airmar Acquires Former Materials Systems Inc.

 Airmar Technology Corporation has acquired the assets of the former Materials Systems Inc. (MSI) group located in Littleton, MA from Channel Technologies Group (CTG). MSI was founded in 1991, sold to CTG in October 2014, and post-acquisition, will be incorporated as MSI Transducers Corp.  AIRMAR’s President and CEO, Matthew Boucher, stated, “The integration of our piezoceramic transducers and sensor technology coupled with MSI’s piezocomposite transducer offerings enables us to diversify our product line and significantly broaden our offerings to the commercial and

Captain Ted Morley, COO of Maritime Professional Training

MPT to Break Ground on 25,000-sq.-ft. Expansion

For anyone keeping score, the south Florida maritime training and education infrastructure is enjoying rapid growth, driven largely by an outreach for lucrative offshore oil and gas training and education business.   Case in point, today Maritime Professional Training (MPT)—the largest private maritime training school in the nation— said it selected Fort Lauderdale-based Gulf Building Corp. as the general contractor for the construction of its planned 25,000-square-foot facility expansion at its Fort Lauderdale campus.   “We are pleased to have such an esteemed, highly-re

Barry Thomas (Photo: OceanLED)

OceanLED Names Thomas National Sales Manager

OceanLED has appointed Barry Thomas to the role of National Sales Manager, USA to manage all of OceanLED's Sales related activities in America.   Thomas will be based in OceanLED's U.S. office in Deerfield Beach, Fla.   He brings to the role over 15 years of experience in the lighting industry, previously working in a variety of roles including design, key account manager and associate director at some key lighting companies including Marine Light Corp and The Light Corporation.

(Image: Petronas)

Petronas to Canada: No Tax Deal, No LNG Plant for 15 Years

Malaysian state-owned energy company Petronas said on Monday it could delay its planned $11 billion liquefied natural gas plant on Canada's Pacific Coast by up to 15 years unless it can reach a favorable tax deal by month's end. Petronas said in a statement that the economics of the plant are marginal and without a favorable tax arrangement with the province of British Columbia and Canada's federal government, it could shelve the project for a decade or more. The company set a deadline of the end of October to reach a deal. "Missing this date will have the impact of having to defer our

Mei Ling Chan (Photo: Global Maritime)

Global Maritime Makes Two Hires in Asia Pacific

Executive at Jurong Shipyard. Weng Yoon has an MBA from Manchester Business School and believes that employee involvement and participation help drive company culture and human behaviors and lead to the success of HSE.   Recent Singapore projects include a Marine Warranty Services project in the Keppel Shipyard on an FPSO which will be transported offshore Angola; mooring analysis for tender barges in the Gulf of Thailand; marine inspection and audit services; and technical advisory and due diligence services for a major LNG Floating Storage Unit (FSU)

Occidental's Chiang Quits After New CEO picked

  Occidental Petroleum Corp told regulators on Friday that a top executive, Willie Chiang, has suddenly quit - a month after Vicki Hollub was picked to eventually replace Chief Executive Steve Chazen. Hollub, a longtime Occidental employee, will become the first woman to head a major U.S. oil company. That is expected to occur next year. Chiang was the company's executive vice president, operations, and had reported directly to Chazen. An Occidental spokesperson was not immediately available for comment.  (Reporting By Terry Wade and Anna Driver; Editing by Bernard Orr)  

Williams Adds 3 New Directors as it Seeks to Fend Off Board Takeover

Pipeline company Williams Cos Inc added three new directors to its board on Monday as it works to fend off an attempt by activist investor Keith Meister to replace all of the company's directors.   Williams said on Monday it appointed Pioneer Natural Resources Co CEO Scott Sheffield, PPL Corp CEO William Spence and former American Midstream Partners CEO Stephen Bergstrom as directors, effective immediately, increasing the size of its board to 10 directors.   Meister, who runs hedge fund Corvex Management LP, nominated a slate of 10 directors last week, after assailing the quality of

Justin Mongello (Photo: WQIS)

WQIS Hires Mongello as COO and Senior VP

WQIS, underwriter of pollution liability insurance for marine vessels, has created the new position of Chief Operating Officer and has selected Justin A. Mongello to fill the role, as well as that of Senior Vice President.   Mongello holds a Bachelor of Science in Marine Transportation from State University of New York Maritime College and brings to the role almost 20 years as a team leader in underwriting with firms such as Zurich North America, Swiss Reinsurance Corp and Liberty International Underwriters.   WQIS said it created the new COO position to further strengthen the senior

Karen Velkey (HII photo)

HII Names New VP, Benefits and Compensation

Shipbuilder Huntington Ingalls Industries (HII) has promoted Karen Velkey to the position of corporate vice president, benefits and compensation, effectively immediately. She reports to corporate vice president and chief human resources officer Bill Ermatinger.   In her new position, Velkey has responsibility for formulating and maintaining competitive benefit and compensation programs for HII, including executive compensation, salary and wage administration, incentives, deferred compensation, health and welfare insurance and retirement benefits.   Velkey joined HII in April 2011 and has