Rena's accommodation block was sitting in water behind Motiti Island this morning after bad weather and damaged salvage equipment stopped it from being brought into the Port of Tauranga.
The block was lowered to the sea floor behind Motiti four nautical miles from the initial wreck yesterday after difficulties with the suspension chains and shackles.
It had been dragged through the water on lifting chains on Monday after it was cut from the stern on Sunday but rough sea conditions had hampered the salvage effort since.
Hugo Shanahan, spokesman for Rena's owner and insurer, said lifting the section from its new location was slowed again on Tuesday because of a twisted shackle on the lifting chain.
Salvors then had to put the accommodation block on to the sea floor, he said.