In the last year Allseas’ Lorelay has had very little work. Due to a bad market, very little available projects and heavy competition the ship has laid idle for the better part of the year. Allseas is wondering how the utilisation of the ship can be increased without losing her pipe laying capabilities. This question is reworked into the following research question: Which task or refit possibility shows the most promise in improving the utilisation of the Lorelay? To answer this, three sub-questions have been set up: a) In which markets can an improvement of the Lorelay’s utilisation be found? b) Within the chosen direction, which tasks could the Lorelay perform? a. What capabilities should the ship possess to perform this task? c) Which of the created concepts shows the most merit based on several decision criteria and under specific circumstances? Based on the answers found for these questions a preliminary design is created.