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.
The Island's information commissioner says four in five Freedom of Information requests have been answered on time this year.
Stay off damaged slipway in Laxey, says local authority
Garff commissioners are urging people to take care on Laxey beach after it was damaged by storms this week.
MHK sues attorney general and returning officer over election votes
A former Onchan MHK is suing the returning officer and the Island's Attorney General over September's election result.
Islanders reminded to keep challenging domestic abuse beyond October
The Isle of Man Government says it's now up to everyone to challenge harmful behaviours as Domestic Abuse Awareness Month comes to an end.
Peel fireworks kicks off the Island’s bonfire season this Friday
Peel will be getting the weekend off with a bang this Friday.
Yellow weather warning for coastal overtopping remains in force today
A yellow weather warning remains in place today for coastal overtopping.
Nominations open for 10 local authority by-elections
Nominations have now opened as the Island prepares for 10 by-election campaigns.
MHK wants answers on support for home-schooled children
What support is available to families who choose to home educate their children?
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