Old dogs, new tricks

FSB's archives are packed with entrepreneurs who reinvented stagnant industries. Here's how some of them are doing today.

New trick: Ship salvage
New trick: Ship salvage
International Shipbreaking
shiprecycling.com
Junking a ship traditionally has required throngs of Third World workers to hack it apart. But ship-demolition firm ISL (October 2004), based in Brownsville, Texas, can compete using U.S. workers because of labor-saving tech such as metal shears. As scrap-steel prices reached record highs of $275 a ton, ISL likewise had record revenues of $23 million in 2006. ISL, which is profitable, next will process auto and other scrap metals and may expand to Europe. -Julie sloane

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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.