Since taking over as Eagle Bulk’s chief executive in September 2015, Gary Vogel has placed his stamp on the New York-listed dry bulk owner.

He moved its headquarters from New York to Connecticut. He reshaped Eagle’s operating profile from a tonnage provider to an active owner-operator, bringing all management in-house. Vogel even commissioned a revamp of the company’s logo.

So when it comes to exhaust scrubbers, it’s no surprise that Vogel and his management team are again doing things their way, while betting that outsized returns await.