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…
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…
We’re proud to announce that our permanent magnet (PM) machines lead the market for direct-drive shaft generators. Since 2015, more than 100 vessels have gone to sea with our technology and more than 270 shaft generator orders have been placed. Currently, we deliver tens of machines annually to shipyards via our system integrator customers. What…
