The Floating Bridge has been suspended this morning (Wednesday).
The Isle of Wight Council has said it is because of a problem with a prow cable.
A temporary foot passenger launch is in place.
A council spokesperson said:
"A replacement launch service has been brought in for Cowes Floating Bridge this morning following an issue with a prow cable.
"The temporary launch service will continue until engineers have inspected the vessel and any repairs are carried out.
"We apologise for any inconvenience."