Local residents observe as the Norwegian-flagged tanker "Torm Kristina" passes through the Suez canal in Ismailia, Egypt, Thursday, Nov. 20, 2008. Major shipping companies said that they are considering other options including avoiding the passage through the Suez Canal to avoid having to go through the Gulf of Aden due to increasing piracy risks - meaning longer, costlier trips around the southern tip of Africa. (AP Photo)