Johan Benad Ugland formed J.B. Ugland Holding in September 2000 after the family division, with interests including shipping and industry. He and Andreas Ove had previously established a London management company, later a listed shipowner, and a Cayman shipping bank. J.B. Ugland Shipping was sold to India’s SIVA Ventures in February 2008; the retained J.M. Ugland business still operated two chemical carriers in the cited account. Johan Martin became group president and chief executive in November 2008. Other branches included Andreas Ugland Ventures and Knut Axel’s holding, with a 10 per cent Tailwind interest.
Keep the explicit scope label independent; no alias or company identity is inferred.