An announcement will be made at 10.30am as to whether the Ben-my-Chree will be fit to sail today.
It follows an incident last night where the boat crashed into the King Edward Pier - causing damage to the vessel.
The Steam Packet Company says engineers have been working through the night to assess any damage and a diving inspection will be taking place over the next few hours.
The MV Arrow will be brought into Manx waters today to ensure the freight services can continue - the company is also working to bring the Manannan out of overhaul in case she's needed for passenger services.
Repairs on Peel Power Station to get underway
Manx Care doctor survey to be discussed by Tynwald
Weather warning for snow tonight
MHK queries safety at primary school in Ballabeg
Gales put two ferry sailings at risk tonight
Should the Island throw a birthday party for Barry Gibb?
Warning issued over icy roads
High ground could see 4 inches of snow on Saturday night