The Isle of Man Steam Packet has bought cargo ship 'MV Arrow' for €9 million.
The company negotiated the purchase as part of a previous longstanding charter agreement.
Managing Director of the Steam Packet, Brian Thompson, says the MV Arrow has proven to be an 'extremely valuable back-up for our vital Island services.'
He adds that now they own the ship, it will continue providing service security for freight traffic, especially during events like TT.
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£20k for 24 days work a year as Steam Packet director
Could you help run the Steam Packet Company?
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Signs approved for estate agent's new office
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Number of aircraft registered here declining since 2022
The number of new aircraft being registered by the Isle of Man aircraft registry has been declining steadily since 2022.
Post Office profits up by over a million pounds
The Post Office says it's profits rose by more than a million pounds last year.
