The chairman of the Steam Packet says the company is now on a sounder financial footing after significantly reducing its debt.
That debt stood in the region of £220 million three years ago.
But after a year of negotiations with its syndicate of lenders, Robert Quayle says the company can now plan for the future with confidence.
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Council of Musical Chairs: What do we know?
Almost three dozen ministerial changes have taken place in the Cannan administration
Parent group shares concerns over reports of 'AI misuse'
Delay Smartphones IOM reacts to police warning
IOM Chamber of Commerce 'welcomes' CoMin reshuffle
The treasury minister's been sacked over the speed of the introduction of a new minimum wage
Tim Crookall MHK back in CoMin
He's the new DOI Minister
Michelle Haywood MHK steps down as DOI minister
Alfred Cannan has thanked her for her contribution over the last 15 months