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.
Youth committee wants your views
A special Tynwald committee wants your views as it considers how to help young people leaving education.
Info commissioner's workload revealed
The Island's information commissioner is dealing with dozens of requests to review Freedom of Information requests, it's been revealed.
Fog may mean problems at airport today
Ronaldsway Airport is warning passengers Manannan's Cloak may be causing some problems today.
Don't abuse our staff, warns amenity site
A waste site in the west of the Island is warning people not to abuse its staff, saying it won't be tolerated.
Thie Clag cost "within £11 million budget"
The costs of redeveloping the former nurse's home in Douglas should be in line with its budget, according to Treasury Minister Alex Allinson.
MHK has questions about Castletown streets scheme
A Department of Infrastructure scheme to improve Castletown will be under the spotlight in the House of Keys this week.
Roof damage sparks planning application
A business in the west of the Island has applied for planning permission as it repairs damage from recent storms.
Emergency services respond after Vicarage Road crash
Firefighters helped cut someone free from their car after a crash yesterday.
