Te Whaka moored at the Steamer Basin in Dunedin.
Built in Glasgow in 1910, Te Whaka was originally designed as Lyttelton's harbour dredge. It was decommissioned in 1987, after 77 years of service at Lyttelton, and brought to Dunedin in 1994.
A $50,000 grant from the Dunedin City Council in 1998 kept the vessel afloat, but fundraising for restoration was unsuccessful.
In 2008, the Te Whaka Maritime Heritage Trust sold it to the Clevedon Steamship Company.
Former heritage trust member Alasdair Morrison yesterday said the owner was still looking at options for the vessel and he expected to hear what would become of it in about a month.
The owner, Mark Balemi, of Auckland, said he did not want to discuss the matter until a decision was made.
