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, 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, 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.

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.