[3] gránn (m. nom. sg.) ‘grey’: All mss have gráns (m. gen. sg.) ‘of the grey’, which makes no sense syntactically. The adj. can qualify either sær m. nom. sg. ‘sea’ or hlunnvisundr m. nom. sg. ‘ship’. Since the wood of the ship is described as ‘red’ (rauðan við) (l. 2), the former is more likely. The adj. gránn can also mean ‘dangerous’, but in light of the colour imagery that pervades this stanza, the meaning ‘grey’ has been adopted.