Hóf und hyrjar kneyfi
— hraut unda fjǫl — Þundar
— þat sleit víg á vági —
vandar dýr at landi.
Né fjǫlsnerrinn fyrri
fégildandi vildi
— vægðit jarl fyr jǫfri —
Yggs niðr friðar biðja.
Hóf dýr vandar at landi und kneyfi hyrjar Þundar; fjǫl unda hraut; þat sleit víg á vági. Fjǫlsnerrinn fégildandi niðr Yggs né vildi biðja friðar fyrri; jarl vægðit fyr jǫfri.
The beast of the mast [SHIP] was carried towards land under the destroyer of the fire of Þundr <= Óðinn> [SWORD > WARRIOR = Hákon jarl]; a multitude of wounds spurted; that broke off the battle on the sea. The war-seasoned generous descendant of Yggr <= Óðinn> [= Hákon jarl] did not want to be the first to ask for peace; the jarl did not yield to the prince.
[5] ‑snerrinn: so FskAˣ, 52ˣ, 301ˣ, ‘‑ner rennr’ FskBˣ, 51ˣ, 302ˣ
[5] fjǫlsnerrinn ‘war-seasoned’: The cpd, and indeed the simplex snerrinn, is a hap. leg. Snerrinn is related to adj. snarr ‘bold, keen, vigorous’ and snerra f. ‘battle, tumult’ (AEW: snerra 1, 2), hence fjǫlsnerrinn means ‘much experienced in battle’, or ‘very bold’.