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The future of the Newport Medieval Ship is in doubt because the council needs to make cuts in order to balance its books. Volunteers have dedicated more than 10 years to saving the ship.
It was discovered on the riverfront area of the city and 17,000 timbers had to be excavated and moved.
Our Correspondent Richard Morgan reports.
Newport's Medieval Ship is facing an uncertain future after Newport City Council suggested that it might be disposed of or handed on to another organisation.
A team of volunteers has dedicated more than ten years to preserving the ship, which was uncovered by building work in 2002.
Newport City Council is planning to cut the budget allocated to the project by £290,000 between the years 2013/14 and 2015/16. It says it does not have the funds to reassemble and put the ship on display.