As one of the important components of a ship, the ship’s integrated power system is an important safeguard for ships. In order to improve the service life of the ship’s power grid, the power system should be able to realize rapid reconstruction to ensure continuous power supply of important loads when the ship is attacked or fails suddenly. Therefore, it is of vital importance to study the reconfiguration technology of the ship’s integrated power system to ensure that it can quickly and stably cope with all kinds of emergencies in order to guarantee the safe and reliable navigation of the ship. This paper takes the ship’s ring power system as the research object and sets up the maximum recovery load and the minimum number of switching operations. The load is divided uniformly and the generator efficiency is balanced for the reconstruction of comprehensive function. It also sets up the system capacity, topology, and branch current limitations of the constraints to establish a mathematical model. The load branch correlation matrix method is used for branch capacity calculation and generator efficiency equalization calculation, and the load backup power supply path matrix is added on the basis of the matrix to judge the connectivity of some loads before reconfiguration. In this paper, for the network reconfiguration of the ship circular power system, which is a discrete nonlinear problem with multiple objectives, multiple time periods, and multiple constraints, we choose to use the particle swarm algorithm, which is suitable for global optimization, with a simple structure and fewer parameters; improve the particle swarm algorithm using the swarm exchange strategy by setting up two main and auxiliary swarms for global and local search; and exchange some of the particles with the golden ratio in order to keep the diversity of the populations. The simulation results of the network reconfiguration of the ship power system show that the improved algorithm can solve the power system network reconfiguration problem more effectively and provide a feasible reconfiguration scheme in a shorter time compared with the chaotic genetic algorithm under the same fault case test, and it also proves that the use of the swarm exchange particle swarm algorithm greatly improves the performance of reconfiguring the power grid of the ship.