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.
Postal vote deadline looms for those living abroad
If you live outside the British Isles and want to vote by post in this month's election, you have just hours to apply.
MP reveals more details of Whitehaven ferry proposals
An MP who wants to set up a ferry route from Cumbria to the Island has revealed more details about what's proposed.
Council wishes Bee Gee happy 80th birthday
Douglas Council's wished one of the Island's biggest stars a very happy birthday!
Warning over traffic delays as city centre work gets underway
A busy street in Douglas city centre will have temporary lights this week.
Cruise ship makes fifth visit of year
A cruise ship is making her fifth visit of the season to the Isle of Man today.
Bee Gee's birthday marked by family and fans
Barry Gibb's family and Bee Gees fans are on the island today to mark the star's 80th birthday.
Joanne smashes international cricket records
A woman from the Island has broken a cricketing record that had stood for almost a century.
Mountain Road shuts this morning
The Mountain Road is due to shut later this morning, as the Department of Infrastructure carries out work.
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