During a general session on tourism financing at the Caribbean Hotel Tourism and Investment Conference in Puerto Rico on Wednesday, experts said institutions were not expecting any meaningful growth in the sector until 2014.

Houston-based SPT Inc, global specialist in ship-to-ship (STS) transfer of crude oil and liquefied natural gas has announced expansion of its STS service for oil majors and traders in the Caribbean. This follows new ship-to-ship transfer capability announced last year in The Bahamas for SPT.