A Greek-US joint venture says it is regenerating a traditional shipyard on the Aegean island of Syros infamous for labour troubles and delays in recent years.

Neorion Shipyard had shrunk to a mere scrapping facility but is crawling back to its previous shiprepair capacity, according to Panos Xenokostas, founder and chief executive of New York-based ONEX Technologies Group. The company has been managing the site since the spring of 2018.