UK shipping group James Fisher has clinched a £30m ($37.98m) submarine search and rescue (SAR) vehicle contract from Korean yard DSME.

Its subsidiary JFD will design and build the third-generation unit for the Korean navy, together with training and in-service support.

It will be delivered in 2021.

CEO Nick Henry said: "JFD delivered the first deep search and rescue system to the Korean navy in 2009 and this additional capability further demonstrates our position of market leadership in the submarine rescue market.