It's expected the Manannan will be replaced by a new fast craft in 2030.
That's according to the Steam Packet's business plan for 2024.
It also shows that almost £2m will have been spent on refurbishing the Manannan, despite having a previous budget of £250,000.
The company also plans to spend £370,000 on work to its booking system and development of a mobile app.
Project hopes to help new arrivals to Island
A new project is hoping to find out how the Island welcomes new arrivals - and what they're looking for here.
Government rules blamed for motorsport firm's closure
A company running trackday events at Jurby says it’ll close immediately because of new government rules.
Villa Marina to mark VE Day celebrations
A free concert at the Villa Marina next month will mark the 80th anniversary of VE Day.
Government's AI strategy will include regulation
Chief Minister Alf Cannan says the Isle of Man will come up with our own rule and regulations governing Artificial Intelligence rather than adopt them from the European Union.
Sharp drop in bus boss trips since pandemic
Bus Vannin trips off the island cost just a twentieth of pre-Covid levels last year, it's been revealed.
FOI statement expected from minister
Cabinet Office Minister David Ashford is to update Tynwald members about the Island's Freedom of Information laws next week.
Peel coffee shop to host first Death Cafe
A café in Peel will play host to discussions on a usually-taboo subject later this month.
Don't fall for finance firm con, says regulator
The Island's financial regulator is warning about a bogus website which impersonates a real Manx business.
