Founded by fishermen and inspired by fishermen
Our history in brief
Estremar (formerly known as American Seafoods Company of South America) began its operation in 1992 with the incorporation of the surimi factory vessel Centurión del Atlántico to the Argentine fleet. Centurión del Atlántico was originally designed and built by Mitsubishi Heavy Industries in 1986, and the vessel was imported to Argentina along with some of the most skilled fishermen in the world.
The business model was to implement a large-scale sustainable harvesting operation in Argentina, and to produce surimi and fishmeal onboard, based on the significant resources of Hoki and Southern Blue Whiting.
Later the company started to explore the vast resource of Patagonian Toothfish, and in 1993, the company added the first of a series of three long lining vessels, the Antartic I, into this fishery. In February 1995, the Antartic II was added, and in October of the same year the Antartic III was deployed into this fishery. All vessels designed and built in Norway, speficically built to produce highquality products based on Patagonian Toothfish and to operate in the harsh environment in southern Argentina.
In July 2007, Centurión del Atlántico went to the shipyard to undergo the biggest update since her construction. In 2013, Centurión del Atlántico was converted into a HGT factory vessel with state of the art production technology.
Estremar head office and operational hub is located in the southernmost city in the world, the city of Ushuaia, in the province of Tierra del Fuego.
Restructuring – building a new foundation
After years of stable operations, Estremar experienced two significant downturns. First the reduction of Patagonian Toothfish availability in the mid-2000s and later a similar reduction of Southern Blue Whiting and Hoki. At the same time, the outlook in the Surimi market was not too bright, whilst the Patagonian Toothfish market was positive.
It was necessary to turn the company around and change the operating model. In 2013 it was decided to consolidate all quota rights on the Centurión del Atlántico, and divest the last remaining long lining vessel. The company made significant investments in assets and people and the company became profitable again.
Today Estremar operates the Centurión del Atlántico, producing a variety of high-quality seafood products onboard and employing more than 100 people. Patagonian Toothfish is regarded as the most important species and the vessel operates in one of the purest environments in the world, the Southwest Atlantic Ocean.
The onboard factory meets the highest standards in some of the world’s most demanding markets for seafood. Most of the production is exported to the main world markets, such as the United States, Japan, Spain and China. Estremar supplies these markets with highquality products and generates export income for Argentina.
With more than 20 years of experience in the fishing industry, Estremar has been able to improve the quality of its operations through continuous improvements and investments in new and innovative production processes.