The government is looking into the possibility of developing a major new marina for the Island.
Officials say particular focus would be on creating a facility with over 250 berths which would operate 24 hours a day and compliment existing marinas in Peel and Douglas.
DOI member with responsibility for ports, Tim Baker MHK, says harbours are among the Isle of Man's biggest assets and they're testing the market to see who could potentially invest in the initiative.
Expressions of interest are being invited which can be submitted through the procurement portal by Wednesday, August 28.
Two sailings delayed by bad weather
Just weeks to raise £5k to join Dolly Parton's initiative
Aurora forecast for Island's skies tonight
59 bus services on Saturday amid ongoing strike
BikeSafe courses now available for Manx riders
Manxman sailing delays continue this afternoon
Charity's Memory Meadow returns!
DOI consults on switching 20mph zones back to 30