It's expected the Manannan will be replaced by a new fast craft in 2030.
That's according to the Steam Packet's business plan for 2024.
It also shows that almost £2m will have been spent on refurbishing the Manannan, despite having a previous budget of £250,000.
The company also plans to spend £370,000 on work to its booking system and development of a mobile app.
Carl Cox backs cancer charity's TT fundraising auction
Legendary DJ and TT team owner Carl Cox will be teaming up with the TT's official charity partner this year.
Business appeal over thousands in unpaid bills
A business in Douglas is asking customers to pay their bills - as it chases more than £5,500 in outstanding accounts.
Pharmacy plans for former IOM Bank
A pharmacy's applied for planning permission to put signs up on a former bank in Peel.
Appeal after wood from van damages car
A man's appealing for information after a van driver's load damaged his partner's car.
Island part of union data breach investigation
The Island's information commissioner is taking part in an investigation into a huge data breach at a trade union.
Cracked pipe closes NSC pool
The main swimming pool at the National Sports Centre in Douglas has closed this morning.
Island updates arms export rules
The Island's updated its export controls to match the latest European and UK regulations.
Onchan Raceway to stay open with new lease
Onchan commissioners say Onchan's raceway will remain in operation after the company agreed to sign a new lease.
