He points to strong October volumes at rival Neptune Orient Lines and cargo through Shanghai Port as examples.

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Neptune Orient Lines ( NPTOY - news - people ) and cargo through Shanghai Port as examples.

FORBES: Shipping

Another newcomer is China's Shanghai International Port, ranked 1, 282.

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In China the REIT has the exclusive right to build warehouses at Beijing Airport for the 2008 Olympics and at the expanding port of Shanghai.

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For example, Murmansk to China's Ningbo port near Shanghai is 13, 000 km via the NSR, compared with 22, 000 km via the Mediterranean Sea, Suez Canal, Indian Ocean and Strait of Malacca.

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Geng's company, operator of 250 kilometers of toll roads that link mainland dynamo Shanghai, Hangzhou and the booming port of Ningbo, recently reported a 30% profit increase last year.

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Mr. Wei and other Cosco officials were in the United States to meet port officials in Massachusetts, where they had reached an agreement with the Massachusetts Port Authority to begin a weekly shipping service between Shanghai and Boston beginning next year.

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The Northwest region is not much more promising, although a small new port at Prince Rupert in Canada (the most direct shot from Shanghai) is coming online.

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The Chinese city of Shanghai, which last year overtook Kaohsiung as the world's fourth-largest port (after Hong Kong, Singapore and South Korea's Pusan), saw traffic rise by an almost-as-impressive 35.6%.

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