About us

A reliable shipping partner

Family-owned shipping and offshore enterprise operating worldwide. Integrated ship-owning / ship management company - EPC yard.

Customer focus, flexibility, reliability, safety, high quality and the protection of the environment are governing elements for all our operation. From our headquarters in Grimstad, a historic shipping town in southern Norway, we provide worldwide services.

The activities incorporate
  • a professionally managed and fully integrated ship-owning and ship management enterprise with all functions in-house
  • offshore operation
  • a full-service EPC yard

Our team of professionals is always prepared to find optimal solutions that benefit our customers and secure an environmentally friendly trade.

With a sound financial position and a dedicated and experienced staff, we are ready to meet the challenges of the future.

The J. J. Ugland Companies

From our headquarters in Grimstad, The J.J. Ugland Companies (JJUC) operate a global business. JJUC commercially and technically operate a fleet of bulk carriers, PSVs, barges, and one crane vessel. AS Uglands Rederi is the parent company of the shipping business and is also established in Stavanger and Canada through subsidiaries. AS Nymo, a full service EPC yard with a primary market in offshore production, is also included in JJUC. The companies within JJUC have a sound financial foundation that enables further expansion.

AS Uglands Rederi

Uglands Rederi is the main shipping company in the JJUC group of companies.

Ugland Offshore AS

Ugland Offshore is a subsidiary of Uglands Rederi and is the owner of the Ugland shares in Ugland Supplier. 

Ugland Supplier AS

Ugland Supplier is a jointly owned ship-owning company, 50% owned by Ugland Shipping and 50% by an external partner. The company was established to jointly invest in and own OSV-PSVs.

UM Bulk AS

UM Bulk is a ship-owning company where 50% is owned by Uglands Rederi and the other half by an external partner. The company was established to jointly invest in and own Supra-/Ultramaxes. Both commercial and technical management is performed under contract with Ugland Marine Services.

Ugland Supramax AS

Ugland Supramax is a single purpose ship-owning company. Management, both commercial and technical, is performed under contract with Ugland Marine Services.

Ugland Bulk Shipping AS

Ugland Bulk Shipping is a subsidiary of Uglands Rederi and is a ship-owning company for bulk vessels. Management, both commercial and technical, is performed under contract with Ugland Marine Services.

Ugland Barge Shipping AS

Ugland Barge Shipping is a subsidiary of Uglands Rederi and is a ship-owning company for flattop barges. Management, both commercial and technical, is performed under contract with Ugland Marine Services.

Ugland Heavylift Shipping AS

Ugland Heavylift Shipping is a subsidiary of Uglands Rederi and owns a heavylift vessel. Management of the vessel is performed under contract with Ugland Marine Services.

Ugland Shipping AS

Ugland Shipping is a subsidiary of Uglands Rederi and presently has no vessel assets.

Ugland Marine Services AS

Ugland Marine Services is a subsidiary of Uglands Rederi and acts as manager on behalf of several group and associated companies.

Ugland Marine Management AS

Ugland Marine Management is the crewing company for all vessels where technical management is performed by Ugland Marine Services.

Canship Ugland Ltd.

Ugland's Canadian ship management activities are performed by Canship Ugland Ltd. Canship Ugland was established during the 1990s to service Ugland owned shuttletanker activities on the Canadian east coast. The company has evolved with the times, managing several different types of vessels, none presently owned by Ugland.

The Board of Directors


Jørgen Lund

Jørgen Lund, born in 1953, Chairman, joined the board in 2006. Mr. Lund has previously worked as a lawyer with Nordisk Defence Club (1980–1986), as a partner with the law firm Lund & Co (1986-1993) and as a partner with the law firm Thommessen (1993-2012), including four years as its Managing Partner.

He has served as a board member of several companies within the shipping and the oil & gas industries. Mr. Lund holds a Master of Law from the University of Oslo (1978) and a Master of International Management from Thunderbird, USA (1979).

Knut N.T. Ugland

Vice Chairman
Knut N.T. Ugland, born in 1986, Vice Chairman, joined the board in 2010. Knut is Mr. J.J. Ugland's grandson and the owner of the company.

Peter D. Knudsen

Board Member
Peter D. Knudsen, born in 1957, Board Member, joined the board in 2011. Peter is the CEO/Managing Partner of NorthCape AS. NorthCape provides advisory services in respect of the financing of shipping, offshore and aviation assets. Peter was previously the  CEO of Camillo Eitzen & Co. ASA (2008 to 2012), also serving as board member with Eitzen Chemical ASA and Eitzen Maritime Services ASA.

Mr. Knudsen previously worked with Nordea for 15 years, and came from the position as head of Nordea in Singapore. He has also experience from various positions with GIEK, Den norske Creditbank, Jøtun Fonds and Stemoco Shipping. Peter is currently a board member of Oslo listed American Shipping Company ASA and Pareto Bank ASA. Mr. Knudsen holds an BSc/MBA from Oslo Business School / Arizona State University.

Øyvind R. Boye

Board Member
Øyvind R. Boye, born in 1954, Board Member, joined the board in 2017. B.Sc. in Mechanical Engineering in 1976, and in Marine Technology in 1978 from UiA in Grimstad. He joined Kvaerner Engineering in 1978, as technical inspector and planner on oil & gas platform projects. Planning manager for Vindholmen Offshore 1985 – 1988.

Joined the Ugland Companies in 1988 as project control manager in Nymo, and technical manager in Nymo from 2001. Managing Director in Nymo from 2010, which is his current position.

Bjørn Bodding

Board Member
Bjørn Bodding, born in 1953, Board Member, joined the board in 2019. Bjørn was employed in R.S. Platou Shipbroking in 1975. R.S. Platou was merged with Clarksons in 2015 under the name Clarksons Platou Shipbroking. Since 1986, Mr. Bodding has been responsible for Dry Bulk analysis as a Senior Analyst.

The Management


Øystein Beisland

President / Acting Vice President, Commercial Department

Arnt Olaf Knutsen

Executive Vice President, Technical & HR

Halvor Ribe

Executive Vice President, Finance, Insurance & ICT

Governing elements

Business idea, vision and values

The J.J. Ugland Companies’ main objective is to conduct business in such a manner that it creates confidence and trust among customers, financial institutions and partners, establishing long-term relationships. In addition to securing a stable income, this involves a continuous focus on health, safety, the environment and high-quality ship management.

The employees are considerd the cornerstone of the business. The Ugland team of professionals is committed to finding optimal solutions and sustainable solutions to the customers' needs, based on safety first, integrity, honesty and real engagement.

The J.J. Ugland Companies’ philosophy is to have a financially strong and controlled growth within selected markets based on preserving and developing the at all times existing values in a family-owned company. Key note elements can be depicted as follows:

U  -  Ugland family owned
G  -  Grimstad headquarters
        Global operations; safe, environmentally conscious, sustainable and profitable
L  -  Long-term relations, investments and objectives
A  -  Attentive to customers, employees and stakeholders
N  -  Norwegian flag (NOR/NIS) desired
D  -  Dependable

General reference is also made to the company policies as presented.


For centuries the Ugland family has made their living from farming, forestry and shipbuilding. The famous local shipbuilder Halvor Olsen Ugland built the sailing ship FORTUNA in 1772. This was the start for the Ugland family in shipping.

Shipowner Jørgen H. Ugland sold off his shipping assets during the 1888 market peak. His son, Captain Johan M. Ugland, started the family’s present involvement in shipping when he bought MV MELANIA in 1930 and renamed the vessel SARITA after his wife.
AS Uglands Rederi, established the same year, is still the main shipping company in the present enterprise, The J.J. Ugland Companies (JJUC), named after J.J. Ugland, who joined AS Uglands Rederi in 1947. He was active in the business for more than 60 years and the driving force behind the significant growth of the companies. His grandson, Knut N.T. Ugland, is currently the sole owner of JJUC. 

Industry for JJUC is synonymous with Nymo. The company is situated on the south coast of Norway with headquarters and main fabrication yard in Grimstad, and with additional fabrication facilities in Arendal. Nymo was established in 1946 and was fully acquired by the Ugland family in 1956. Nymo is a cornerstone company in the region with a workforce of more than 300 employees.
Johan Jørgen Ugland (1921-2010)

Historic milestones

1600s - The family settles in the Vikkilen / Ugland area as farmers
1772   - Sailing vessel FORTUNA marks the entry into shipping
1880s - Jørgen H. Ugland sold his fleet during the shipping boom
1930   - AS Uglands Rederi established
1947   - J.J. Ugland joins AS Uglands Rederi
1950-60s - Tankers, ore and bulk carriers
1956   - Nymo yard acquired
1970s - Drilling rig, barges, supply vessels, crane vessels, car carriers
1980s - Shuttle tankers, accommodation rig, bulk carriers
1986   - Ugland Bulk Pool established
1990s - Product tankers
1995   - Canship Ugland established
1997   - MT MATTEA delivered
2000   - MT VINLAND delivered
2001   - Delivery of bulk carriers in cooperation with Mitsubishi Corporation
2006   - AS Nymo's 50th Anniversary
2010   - AS Uglands Rederi's 80th Anniversary
2012  - Bulk carriers, tankers, barges, HLV, PSV
2012  - Ugland Supplier AS established, a JV between Ugland and Sandvik
2012  - PSV EVITA delivered to Ugland Supplier AS
2014  - PSV JUANITA deliered to Ugland Supplier AS
2014  - UM Bulk AS established, a JV between Ugland and Mitsubishi
2015  - MT MATTEA sold to new owners for continued operation
2017  - Delivery of first Ultramax newbuild - MV Olita
2018  - MT VINLAND entered the North Sea

Naming Traditions

In the past, Ugland’s sailing ships were given poetic names like VAAREN (spring) and MORGENGRY (dawn).

SS FORTUNA was built in 1772 and later an accommodation rig was named FORTUNA UGLAND.

Today’s naming tradition was established in 1930 when Captain J.M. Ugland named his first vessel SARITA after his wife Sara. The traditional “-ITA” ending to the names is a reminder of the family’s lengthy stay in South America and is combined with names of family members, such as TAMARITA, LIVANITA, LISITA, EVITA, JORITA and ELLENITA. Spanish names are frequently used such as CARMENCITA, SENORITA and JUANITA.
Captain J.M. Ugland
Sarita Ugland