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.
Manxman delayed after helping rescue
The Steam Packet Company says its newest ferry helped a rescue operation earlier.
Race fans welcome at Grandstand
The TT Grandstand area is open to fans today after delays caused by weather.
Police reminder after driver ignored one-way system on Mountain
Police are warning people not to ignore the one-way system on the Mountain Road.
TT hub opens tomorrow
TT organisers say fans will be able to visit the racing hub in Douglas tomorrow.
Man had cannabis and pregabalin
Police caught a man hiding behind a pillar after he fled from a property while carrying drugs.
Even supercar licence plates need to be legal!
The Roads Policing Unit is reminding people to make sure their licence plates are legal – after stopping a visiting supercar yesterday.
TT fans warned away from paddock
TT organisers are reminding people not to visit the race site today.
Motorsport coins to be released this year
The history of motorsports on the Island will be commemorated in a set of new 50p coins.
