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Gatun Lake Construction Partners with Greendock to Drive Sustainable Ship Recycling in Panama

Written by Jordi van Marion | Oct 1, 2025 3:01:32 PM

Gatun Lake Construction S.A. is proud to announce its new partnership with Greendock, a leading developer of sustainable ship recycling and drydock facilities.

Together, we will deliver pioneering projects that combine responsible industrial development with lasting economic value for Panama. This partnership will generate thousands of direct and indirect jobs, attract significant foreign investment, and strengthen Panama’s position as a regional hub for sustainable industry and innovation.

Why Panama?

Panama offers unique advantages that make it the ideal location for sustainable maritime development:

  • Global Maritime Relevance: A large share of the world’s shipping fleet sails under the Panamanian flag, giving the country strong international ties within the maritime industry.

  • Economic Stability: The use of the U.S. dollar ensures financial stability and accessibility for international investors.

  • Strategic Location: Home to the iconic Panama Canal, one of the most important trade routes in the world, Panama stands at the crossroads of global commerce.

Environmental & Economic Impact

In addition to the economic benefits, this collaboration promotes environmental responsibility through safe and sustainable ship recycling, contributing to the circular economy and reducing the environmental footprint of the global maritime industry.

We are excited to contribute to Panama’s growth story and look forward to sharing more updates soon.