It’s understood a financial restructuring deal has cut the Steam Packet’s debt by around half.
Although bosses are refusing to reveal the exact figures, Manx Radio understands it’s halved the amount, which stood in the region of £226 million.
Chairman Robert Quayle says the announcement was made to coincide with a public meeting held by The Ellan Vannin Line, a potential new rival to the firm.
Some trailers got 'lost' during recent backlog of freight at Heysham
Steam Packet MD discusses issues which saw farmers' fertiliser held in Lancashire.
Police told to reassess FOI response
IOM Constabulary took more than twice the legal time to respond to request
Census support available from next week
Paper forms and over the phone support on offer
Mobile classroom needed to 'alleviate' pressure at Henry Bloom Primary School
The Department of Education, Sport and Culture has applied for planning permission
The Guild returns today
Manx Music Festival begins its eight days of classes