White Ocean and its subsidiaries -- Eurofisk, White Ocean Development and White Ocean Malsfjorden -- were all declared bankrupt by the court in Nordhordland, Norway.
The companies are now under administration, with a general meeting scheduled at the court on March 22.
White Ocean is 45.5 percent owned by White Ocean Investments. The company made an operating loss of NOK 1.9 million (€239,761/$327,028) in 2009, on revenue of NOK 3.2 million (€403,808/$550,784).
It had a capital of NOK 24.7 million (€3.1 million/$4.3 million) and debt of NOK 14.4
