Margr fell maðr af dreyrgu
marblakks á kaf saxi;
gnógt elði fekksk gýgjar
Glaum; rak ná fyr straumi.
Elfr varð unda gjalfri
eitrkǫld roðin heitu;
vitnis fell með vatni
varmt ǫlðr í men Karmtar.
Margr maðr fell af dreyrgu saxi marblakks á kaf; gnógt elði fekksk Glaum gýgjar; ná rak fyr straumi. Eitrkǫld Elfr varð roðin heitu gjalfri unda; varmt ǫlðr vitnis fell með vatni í men Karmtar.
Many a man fell from the bloody prow of the sea-steed [SHIP] into the deep; abundant nourishment was given to the Glaumr <horse> of the troll-woman [WOLF]; carrion drifted before the current. The bitter-cold Götaälv was reddened by the hot surge of wounds [BLOOD]; the warm ale of the wolf [BLOOD] flowed with the water into the necklace of Karmøy <island> [SEA].