Ugboat was a localized company on the planet Bespin. The corporation's headquarters was located in the city of Ugnorgrad on the Ugnaught Surface. They specialized in the creation of floatboats for the Ugnaught people.
During the rise of the New Republic, an Ugnaught rumor circulated that King Ozz had acquired ownership of the company. The basis for this rumor was a decree by King Ozz stating that all Ugnaught blood-feuds needed to be resolved on the Ugnaught Surface.