The Jeanie Johnston will need €100,000 to be made seaworthy again, it has emerged.
The three-masted barque - which not long ago sailed across the Atlantic - was missed at the weekend's Tall Ships festival, which attracted half a million visitors to Waterford.
But as the Sunday Independent reports, the ship is currently a stationary tourist attraction at berth in Dublin with her sails in storage.
Hopes are high, however, that the replica famine ship will be made ready as an ocean-going vessel in time for the Volvo Ocean Race in Galway next summer, not to mention the Tall Ships Races in Dublin next August.
"At the moment we are basically putting all the money coming in from the interactive tours, which have been very successful, back into the boat," said ship manager John O'Neill. "We are hopeful we will get the financial assistance we need to get the vessel back out to sea".