He purchased the Admiralen in Oct 1904 for £3,750 and converted it to a floating factory ship by his shipyard Framnæs Mekaniske Værksted, in Sandefjord and equipped it with 8 new open boilers. It first saw service in the Greenland Sea off the coast of Spitsbergen for the 1904–05 season.
He bought the Admiralen in October 1904 for £3,750 and converted it into a mobile manufacturing ship by his shipyard Framnæs Mekaniske Værksted in Sandefjord. The vessel was then outfitted with eight new boilers and first sailed in the Greenland Sea off Spitsbergen's coast during the 1904–05 season.