The 45-metre catamaran, built for Fullers at a cost of $12 million, has 30 luxury staterooms, a bar and dining-level, and a sundeck.
Malcolm Johns of Intercity Group, which owns the company, says the ship will make overnight cruises in the Bay of Islands and Hauraki Gulf.
He says bookings for the summer are solid and the ship is already generating employment.
Tangata whenua have gifted the vessel the name Ipipiri, which is an early Maori name for the Bay of Islands.
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