It's expected the Manannan will be replaced by a new fast craft in 2030.
That's according to the Steam Packet's business plan for 2024.
It also shows that almost £2m will have been spent on refurbishing the Manannan, despite having a previous budget of £250,000.
The company also plans to spend £370,000 on work to its booking system and development of a mobile app.
Wildlife surveys near proposed windfarm site this week
A team of ecologists will be surveying wildlife in the south of the Island near a planned windfarm next week.
Manx Care reprimanded over former worker's data access failings
Manx Care's been rapped for dragging its heels under data protection laws.
Government announces pay deal with unions
The government says it's reached a pay deal with two public sector unions.
Museum plans memorial for lost aviators
Ballasalla could be getting a monument to flyers and aviators who never made it home again.
Drone investigation suggests radio interference at work
A UK investigator says radio interference may have been behind a drone's strange behaviour in the south of the Island.
MHK questions minimum wage tax and NI payments
How much did minimum wage workers pay into government coffers last year?
Former Montpelier boss faces bankruptcy hearing
The multimillionaire head of a former trust company that went into liquidation could be declared bankrupt this summer.
Commissioners disappointed over end of police drop-ins
Commissioners in Onchan say they're sad to see the end of community police drop-in sessions for the village.
