The Chief Minister says buying the Steam Packet Company is a "once in a generation opportunity".
Subject to approval by Tynwald, the government will buy the company in a deal worth £124 million.
Mr Quayle says the buyout will mean Isle of Man can guarantee a safe and reliable ferry service.
The suggestion will be put before Tynwald on Tuesday, May 15 for members to discuss.
Plans submitted for hospital improvements
The Department of Health and Social Care has applied for planning permission to carry out repairs and improvements at Ramsey Cottage Hospital.
Brace for fuel price rises, says Chief Minister
Chief Minister Alf Cannan says the Island's not running out of fuel - and the government will be keeping its eye on prices.
Safety drills to prepare the Manannan today
The Steam Packet Company says it'll be holding safety drills today as a fastcraft prepares to return to service.
Band headquarters vandalised with mud
Police say they're investigating vandalism at the Onchan Silver Band Headquarters.
Camper van caught fire at Ronaldsway Industrial Estate
The fire service says it responded to a camper van fire at Ronaldsway Industrial Estate yesterday.
New look of 2026 TT merch revealed
TT organisers have unveiled the new look of this year's official race merchandise.
Hospital trolley service to return
Manx Care says trolley rounds are returning to Noble's Hospital because of public feedback.
Meeting this week to debate closure of Sunday School facility
A requisition meeting will be held in Lonan this week to discuss the closure of a Sunday School building.
