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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Market indexes 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. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.