Yang Ming plans investment in Shanghai

Yang Ming plans investment in Shanghai    Yang Ming Marine Transport Corp. plans to set up a wholly owned logistics company in the Shanghai area, the International Herald Tribune reports.
   The newspaper quotes a company spokesman as saying a $33 million investment in Shanghai would be the first direct investment in China by the Taiwanese carrier, though it does have some mainland investments through joint ventures,
   The plan to provide warehousing and other logistic services reportedly still needs to be approved by the Taiwan government.