Not nearly as foreboding as it sounds, the Channel of Las Hope (Ultima Esperanza) is in fact a calm inlet stretching from Eberhard Fjord to Monte Balmaceda. In 1557, Spanish explorer Juan Ladrillero gave the channel its ominous name when he believed navigating it was his last opportunity to reach the Strait of Magellan, though he was met with a dead end.
Boat expeditions up the channel offer stellar views of Balmaceda Mountain and the Serrano Glacier — accessible via a short hike — where visitors walk on the surface of the glacier, visit ice caves or kayak amid ice bergs on Serrano Glacier Lake. Wildlife enthusiasts can spot cormorants, sea lions, dolphins and a variety of shore birds nesting along the banks of the channel.
Boat trips through the Channel of Last Hope depart from the Puerto Natales dock in the mornings.