The wreck of the Solway Harvester will begin to be demolished today.
The vessel will be broken up by the Laxey Towing Company which was awarded the tender for the job.
Seven fishermen from Galloway in Scotland were killed after the scallop dredger sank in January 2000.
Since then the boat has remained in Manx waters while it was decided if legal proceedings should be brought.
Infrastructure Minister David Cretney says it is the end of a chapter:
Few doctors recommend Manx Care as a workplace in survey
Fewer than a quarter of Island doctors say they'd recommend Manx Care as a place to work.
Treasury Minister to be quizzed on universal basic income
Treasury Minister Chris Thomas will face questions about universal basic income next week.
IT expert faced £42k UK tax bill after "avoidance scheme"
An IT expert left facing a UK tax bill of more than £42,000 after signing up with an Isle of Man company has had his penalty reduced.
Joe Locke to star in new movie this year
Manx actor Joe Locke's next movie will be on the big screen later this year.
New youth club coming to the North
A new youth club for highschoolers is launching in the North.
Bus Vannin issues zero-tolerance statement after abuse
Bus Vannin says it operates a zero-tolerance policy when it comes to abuse against its staff.
Mountain Road closed again this morning
Police say the Mountain Road is closed because of snow and ice again this morning.
Four more ferry crossings affected by weather
The Steam Packet Company has rescheduled four sailings as bad weather continues to affect sailings.
