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Portobelo lies along Panama’s Caribbean coast to the east of Colón in an area known as Costa Arriba. During the Spanish colonial era, Portobelo was an important port town where goods and treasure from the Americas where shipped to Europe. These days the town is impoverished and widely unattractive. Its saving grace, however, lies in the crumbling ruins scattered inside and outside of town. There are also several decent places to scuba dive and snorkel along its coast.