The government will buy the Steam Packet Company.
Tynwald debated the issue this afternoon, which saw Treasury Minister Alf Cannan present the proposed deal to members.
The motion passed with the majority of members voting in favour, only Douglas South MHK Kate Beecroft voted against the purchase.
The move is expected to cost £124 million.
Isle of Man tops UK in OnlyFans spending
The Isle of Man has edged out the UK on a list of spending on a leading internet porn site.
Peel lingerie shop wants permission for new sign
A lingerie shop in Peel has applied to change its sign after its old one became dangerous.
Can you help museum find historic go-kart?
A museum's making a public appeal for historic Manx go-karts.
Trust in democratic institutions falling, says report
People's trust in the Island's democratic institutions fell last year - with only local authorities maintaining their levels.
Flouride varnishes for all primary children
Free fluoride varnish treatments will be offered to every primary school child from next year.
'Tough times' see Ramsey cafe close for winter
A café in Ramsey says it'll close for the winter and reopen next year.
Peel to get new laundrette?
A former hairdressing salon in the centre of Peel could become the town's next laundrette, if a planning application is given the green light.
Manx Care asking people to wear masks in its facilities
Manx Care is asking people to mask up against the threat of flu and other illnesses in its facilities.
