Moraleda Channel is a body of water separating the
Chonos Archipelago from the mainland of
Chile. It is located at , leading to
Gulf of Corcovado. Southward from the mouth of the
Aisén Fjord, Moraleda Channel divides into two arms. The east arm, called
Canal Costa (Costa Channel), is the main one. Farther south the name changes to
Estero Elefantes (Elefantes Estuary), which terminates in the gulf of the same name. The channel runs along the
Liquiñe-Ofqui Fault.