[2] The Pasil Fish Port started as a market, which was constructed with light materials and had wooden stalls.

After a city ordinance dividing Pasil into two separate barangays (to be named Pasil and Suba) was approved, it was determined that the market was situated within the boundaries of the new barangay of Suba.

It was later renovated in the 80s under the term of then-Cebu City mayor Tomas Osmeña when an agreement was negotiated with the government of Belgium for the construction of a nearby fish port.

1419, the city government in March 1992 renamed Bugallon Street, where the market is located, to Belgium Street to recognize the Belgian government's role in the area's economic development.

[9] On May 3, 2020, Cebu City Mayor Edgardo Labella ordered the temporary closure of the market, including the Suba Fish Port, due to the COVID-19 pandemic.