The City Hopper ferry loop was a $6 million election commitment made by Lord Mayor Cr Graham Quirk in April in a bid to provide a free service and keep the historic monohull ferries in use.
Three historic CityFerries rebranded as the red and white CityHopper.
Cr Quirk said he hoped the service would provide a boost for the local tourism industry.
"By providing a free ferry service in Brisbane's inner city, we hope to encourage more residents and visitors to enjoy the river and local destinations like South Bank, Kangaroo Point, the CBD and New Farm," Cr Quirk said in a statement.
The service will run every half hour, seven days a week from 6am to midnight.
"Rather than compete with CityCats, which are our fast and frequent public transport service around the river, CityHoppers will allow people to take in the city by day or the city's lights by night at a slower pace," Cr Quirk said.
"I want to bring them back to the fore and using them to spearhead a free ferry tourism loop will go a long way to achieving that."
He said about 50 per cent of passengers using the city's ferries were already doing so for tourism or leisure.

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