The National Fishing Corporation of Namibia (FISHCOR) was founded on 27 December 1991 in accordance with the National Fishing Corporation of Namibia Act, 1991 (Act No. 28 of 1991), which paved the way for the establishment of the subsidiaries Seaflower Lobster Corporation Ltd and Seaflower Whitefish Corporation Ltd.

FISHCOR is simply a holding company, as the two subsidiaries are responsible for the catching, processing and marketing of fish and fishery products.

• Seaflower Lobster Corporation Limited (SLC) became a wholly owned subsidiary of the National Fishing Corporation of Namibia Limited on the 7th of April 1993. The company owns and operates a processing facility as well as Six (6) lobster vessels in Luderitz. Lobster Products are packed and marketed through the NAMROCK brand which is 66% owned by SLC.
• In 1994, FISHCOR entered into a Joint Venture Agreement with Nordic Partners, which resulted in the establishment of Seaflower Whitefish Corporation Limited (SWC) that owns and operates a wet fish processing facility in Luderitz. In addition to wet fish, SWC is also allocated a hake freezer quota.
• SEACOPE was established in 2004 to jointly manage and utilize the Hake freezer which operates the marine trawler Pemba Bay.