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
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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