Staff at ship repair firm Testbank completed their debut job at their new Portchester premises at the weekend.
The firm, which took control of the giant 1,000 tonne shiplift at Trafalgar Wharf in April, launched the revamped and soon-to-be-renamed vessel on Sunday.
The passenger ship was bought from America and will now travel to the Isle of Wight to be Christened Red Jet 5, before beginning a new life travelling from Southampton to the Isle of Wight, replacing Red Jet 1 and 2.
Jonny Boys, managing director of Trafalgar Wharf, said: 'Testbank are a fast-growing, forward-thinking ship repair company. Being able to work with them is excellent news for us and the site as a whole. They share in our vision to resurrect this important site for marine uses.'
With the help of both Coastal and Burgess Marine, the vessel was hoisted out of the water and refitted – the first job in which the mighty ship-lift had performed in five years since its previous owners left the site.