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.
More top news
A Powys town has criticised their local Boots store for not displaying Christmas lights.
An amateur fossil-hunter from Porthcawl has unearthed the skeleton of a 7ft long reptile, from a beach in the Vale of Glamorgan.
In today's Newsweek, we'll be discussing Christmas gifts - should we be buying gender-specific toys for our children?