David L. Steinbach talks about Covid-19’s impact, Hines’ new fund and the increasing importance of ESG.
Launched 64 years ago by founder/chairman Gerald Hines, Houston-based Hines is among the top global commercial real estate investors/developers/owners, with a $160.9-billion portfolio that includes 377 properties totaling nearly 173 million sq. ft. under management in 27 countries.
Hines’ Pan-European Core Fund (HECF) currently has 30 assets under management, valued at more than €2 billion, in 15 cities across nine countries. This year, the company won the Pension Real Estate Association’s (PREA) Real Estate Investment Management Environmental, Social and Governance (ESG) award for HECF in the open-end fund category. The award recognizes PREA members for commitment to ESG principles and best practices within real estate investment.
South Korea’s opening a new container shipping route to Vietnam will create more favourable conditions for enterprises to increase bilateral export activities.
South Korea opens new container shipping route to Vietnam
South Korea’s opening a new container shipping route to Vietnam will create more favourable conditions for enterprises to increase bilateral export activities.
On May 24, Incheon Seaport Corporation announced that it has begun operating a new container route from Incheon port to ports in Thailand and Vietnam.
Notably, the latest route, called New Korea Thailand, starts at Incheon Port, traversing a number of ports in Korea, Hong Kong, and China before reaching Laem Chabang and Bangkok Ports in Thailand and ending at Tan Cang Cat Lai Port in southern Vietnam.
Ships on the new route will have three shipping containers with the capacity of 1,500-1,600 twenty-foot equivalent units (TEUs) with the frequency of one route per week. These vessels belong to Korea Shipping Co. Ltd., Chun Kyung Shipping Co., Ltd, and Namsung Shipping Co., Ltd.
First Korean export of Jeju lemons to Hong Kong
According to the Eastern Agricultural Technology Center of the Jeju Agricultural Research & Extension Services, it is exporting Jeju lemons to Hong Kong for the first time.
The Eastern Agricultural Technology
Center and Rural Development Administration have been discovering and cultivating promising export items to diversify the export market. In February, the Jeju lemon was selected as a prospective export item. In Jeju Province, lemons are produced on 13.5 ha, and the harvest is around 340 tons as of 2020. Reviews rate Jeju lemon highly for the freshness and safety.
The lemons exported at this point in time are cultivated at Kang Seong-hwa’s farm in Seongeup-ri, Pyoseon-myeon in Seogwipo City. They were selected and packed by Pyoseon Agricultural Cooperative, then transported to Hong Kong from Jeju Port via Incheon Port and Airport. The fruit has been promoted in Hong Kong since April 24.
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