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 acquired the Admiralen in October 1904 for £3,750 and transformed it into a mobile manufacturing vessel by his shipyard Framnæs Mekaniske Værksted, in Sandefjord, and equipped it with eight new open boilers. It initially operated in the Greenland Sea off the coast of Spitsbergen during the 1904–05 season.