The shipping union RMT says it's unsure if the Ellan Vannin Line will come to fruition describing the plans as 'sketchy'.
It has voiced concerns that the company will use low-cost foreign crews and flag of convenience ships in an effort to undermine the Steam Packet’s operation.
Ellan Vannin Line is promising to bring down prices and improve customer service when it launches a freight and passenger service next year.
Ken Usher from the RMT says there will be implications for passengers if competition is introduced:
Two more schemes backed by government fund
Island to get Bikesafe scheme for first time
Jurby Junk's Stella dies aged 90
No plans to publish UK's assisted dying letters
Burst water main disrupts Onchan supply
Government advice following spike in data breaches
Plans for four-foot flood walls at Ramsey harbour
Garage blaze in the early hours of this morning