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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Llanelli Scarlets will take on Glasgow Warriors this evening in the first match of the Pro12 campaign.
There'll be a few showers in the south overnight, but these will clear by the morning to leave a decent start to the weekend!
Thousands are expected to attend the arts and music festival, which is now in its fourth year.