You will first need to get a Advance Satellite from one of the local sectors then jump/fly into Xenon Sector 347 (found that coming in from the north was easier – although this may change by game). You will need to move near the location (0, 0, 0) in that sector. Once you are near them coordinates eject the Advance Satellite and jump out of the sector. You will be told that someone in power plant at Grand Exchange will know more about the location of the M7 ship.