The SS Panama Victory set sail in 1944. Outfitted for war on Terminal Island, this Victory ship headed to SE Asia in support of the Pacific campaign as a cargo transport ship. After a series of supply runs to Guadalcanal, the SS Panama Victory took part in operations during the Battle of Lingayen Gulf. This is when she suffered an attack on January 12, 1945. After WWII, she was sold to the Holland American Line and renamed Amsteldijk. The Dutch operator kept her until 1968 when she was acquired by Progressive Mariner S.A. from Panama. Her final faith mirrored that of many Victory ships, as this vessel too was scrapped in Taiwan in 1973.
Around that time, the US Navy was engaged in removing asbestos from its service fleet, a service the SS Panama Victory never undertook. The hazardous mineral could have been found in virtually all the compartments of the ship, but it was most heavily used in heat-sensitive areas such as the engine room, the propulsion room, and the boiler room. While asbestos was a great insulator, it posed great hazards to human health. This mineral is a known carcinogen that produces irreparable lung damage if inhaled in the long term, and it can lead to life-threatening diseases.