SS Ellan Vannin (1854) via Peel and onwards to the north of Ireland. It would appear that the vessel was being utilised to her maximum. Sailings to Whitehaven and Liverpool were maintained whilst sailings to Glasgow and from Liverpool to Dundrum via the Isle of Man were introduced. However it would seem that the company continued to sustain losses over the winter of 1857-58, and by March 1858 it had been decided to put the "Ellan Vannin" up for sale by public auction. She was sailed to Trafalgar Dock, Liverpool on 6 March, where she was laid up awaiting sale. She was offered for
SS Ellan Vannin (1854) management of the "Ellan Vannin" and for his part in the establishment of the company. However, by the end of 1856 the Castletown Steam Navigation Company were starting to make a loss. At their third Annual General Meeting held at the town hall, Castletown on Wednesday 17 December 1856, it was disclosed that for the previous two months the company had sustained a weekly loss of £12 (equivalent to £ in ) resulting in a total loss of £100 (equivalent to £ in ). One of the directors reported that they had received several offers from a company in Dublin