A committee looking into how the Steam Packet is regulated will report back to Tynwald next month.
The select committee chaired by Jason Moorhouse MHK has recommended either making the company a government board or tightening Treasury's control over it.
The Council of Ministers has published its responses to the three recommendations in the report.
Ministers say running the ferry firm at arm's length means it can serve the Island efficiently.
Yacht club worries over lifeboat retirement
One nuisance cyclist ticketed in more than three years
New ministerial post created by chief minister
Huge floating book fair to arrive in Douglas next month
Stay safe for Hop Tu Naa tonight
Special Olympics fundraiser needs you
Peel ready for bonfire and fireworks later
Government: "UK never told us about child murderer"