The Welsh Government says it welcomes the new deal between Llangennech-based company Hydro Industries and US giants T&T Salvage and will 'continue to support them' in their venture.
The agreement is set to create 100 jobs in Wales.
I welcome this new venture involving two companies that between them have the potential to bring about real environmental benefits through mitigating the damaging effects of disasters, whether they be natural or man-made.
This agreement today will not only launch Hydro into the US emergency response arena – a truly significant market - but will also generate a good number of high quality jobs in Wales.
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Three Welsh billionaires have made this year's Sunday Times Rich List, with Sir Michael Moritz topping the list for the richest in Wales.
A fine end to the weekend, with sunny spells throughout the day. Moving into the start of the week, more bright spells but feeling colder.
Off to the London Marathon today? If so, send us in your pictures.