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The Steam Packet fast craft Snaefell will go in for repairs early next month.
The work has been timed to come after the school holidays, which is one of the busiest times of the year.
Chief executive Mark Woodward hopes the company will keep disruption to passengers to a minimum.
While Snaefell is out of action, Manannan will take over all the scheduled Liverpool and Belfast sailings.
Mooir Vannin could be first of many
Dr Alex Allinson, who is retiring as Ramsey MHK at this year's general election, gave evidence to the final hearing by the independent panel.
'Significant investment or redevelopment' needed at Ramsey District Cottage Hospital
Manx Care is 'planning a sustainable long-term solution'
Police seeking witnesses to Ballasalla incident
It happened on Thursday (16 July)
Mooragh Park receives 'prestigious' Green Flag Award
Ramsey Commissioners says it reflects 'commitment' to providing a 'high-quality' space