Dublin City Council says it considered leasing a cruise ship to be berthed in Dublin Port to accommodate the homeless.
The Council thought it would offer speedy access to higher quality apartment type accommodation at a competitive price.
However DCC says it is now not pursuing the idea as its confident it will be able to source sufficient emergency accommodation to house rough sleepers this winter.
Dublin City Council had been considering plans to accommodate up to 150 people on a rented cruise ship in a bid to ease the current homelessness crisis.
It's understood the City Council's Chief Executive, Owen Keegan, told Eoghan Murphy that the plan could be revisited in early September, as homeless figures rose to just under 10,000.
However, Minister Murphy ruled out the idea this morning saying it's not suitable for homeless families in need.
He has said that "more appropriate solutions" are being pursued by the Dublin Regional Homeless Executive.
The Children's Minister, Katherine Zappone, said the idea of housing homeless people on a "floating hotel" was "worth a consideration".