Colon, the capital of the province with the same name, is the second largest town in Panama. It is located at the end of the Panama Canal on Caribbean Coast and can be reached from Panama City within about 1.5 hours. Since its foundation in 1850 the town has been playing an essential role in the course of the gold rush and for the construction of the Panama Canal. At the beginning Colon was called "Aspinwall", named after one of the constructors of the Panama Railroad. In 1890 the seaport was renamed as Colon in honour of Christopher Columbus. Today Colon is a large seaport and the world’s second largest free-trade zone after Hong Kong. Three large modern harbours underline the important role which Colon is playing for the Panama Canal and Panama. Due to its capacity of a free-trade zone Colon is a real duty-free shopping paradise. Furthermore many cruise liners passing the Panama Canal call at Colon. The economic and touristic features of the seaport are affected by a high crime rate including acts of violence taking place even during the day. Beside the high crime rate in the city of Colon, the historically significant province Colon features quite a lot of attractive points of interest such as Portobelo or the Fort San Lorenzo, which are declared as World Cultural Heritage by the UNESCO. Colon also possesses gorgeous islands and beaches as the small Isla Grande and the impressive Gatun Locks of the Panama Canal. Above all, Isla Grande is a perfect spot to relax and spend some time at the beach.