The Steam Packet Company says the Island's next ferry, to replace the Ben-my-Chree, will be built in a South Korean shipyard.
Steam Packet directors have signed a contract with the Hyundai Mipo Dockyard in Ulsan.
Work is due to start in the middle of next year once detailed plans are drawn up and agreed.
Chief Executive Mark Woodward says the new, as yet unnamed vessel, is expected to start serving the Isle of Man in Spring 2023.
Where has government found £11m in savings?
Where has the government found more than £11 million worth of savings?
Is there border security for Irish sailings?
What sort of border security is there in place for sailings to Ireland?
Emergency powers used to fell trees
Douglas Council's used emergency powers to cut down trees after it was found they posed a risk to homes.
Busy road in West to close next week
A busy road in the west of the Island will close on Monday.
Free period products would cost £90k in 1st year
The government providing free period products will cost around £90,000 in the first year.
MHK wants to know about bail condition breaches
An MHK wants to know if records are kept on people who breach bail conditions.
1,500 A&E patients weren't registered with GP
Nearly 1,500 patients who weren't registered with a GP attended A&E over the past 12 months.
Will the Island's mad cow disease risk status improve?
An MHK wants to know what government's doing to get a better mad cow disease risk status for the Island.
