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.
New rules will ban drones during Red Arrows display
Tynwald's due to consider regulations that will ban people flying drones during the TT Red Arrow display.
Government wants £50K PR person to "protect departments' reputations"
The government says it's looking for someone to help with its PR - for up to more than £50,000 a year.
Clypse cyclists reported to police
An Onchan resident says they've reported irresponsible cyclists to police after seeing them in a banned area.
Ramsey toilets finally open
Ramsey commissioners have welcomed the reopening of public toilets at Tesco.
Go Cards not working
Bus Vannin says it’s having problems with its Go Card website this morning.
Police warning to school run speed demons
Police are warning parents not to speed near the Island's schools after incidents earlier today.
Youth committee wants your views
A special Tynwald committee wants your views as it considers how to help young people leaving education.
Info commissioner's workload revealed
The Island's information commissioner is dealing with dozens of requests to review Freedom of Information requests, it's been revealed.
