On February 20, BEMAC Corporation and Mitsui & Co., Ltd. finalized their purchase of 100% of The Switch shares. The change promotes the business development and growth of The Switch through the extensive experience and network of our new owners. We at The Switch believe our united strengths make a powerful combination. We are excited…
The Switch Engineering Oy, Finland-based special electric machine and high-power converter product supplier, is excited to announce that majority shareholder Japanese marine electrical machinery supplier BEMAC Corporation, in partnership with global trading and investment company Mitsui & Co., Ltd., has acquired 100% of the shares in The Switch. The Switch is well known for its…
You may have heard about “green corridors” in shipping but be asking yourself, what are they? What is their purpose? Recognizing the need for climate action, the International Maritime Organization (IMO) has adapted a new strategy in 2023 to incorporate a net-zero emissions goal for all vessels by or around 2050. With a lifetime of…
In July of this year, the International Maritime Organization (IMO) revised its strategy for reducing greenhouse gas (GHG) emissions from international shipping . The IMO’s new ambitious target is to reach net-zero GHG emissions from international shipping by 2050. This is a big jump up from the initial target of a 50% GHG reduction by…
