Ullar gengr of alla
asksǫgn, þess’s hvǫt magnar,
byrgis bǫðvar sorgar,
bergs grynnilô dverga.
Grynnilô bergs dverga gengr of alla asksǫgn Ullar sorgar byrgis bǫðvar, þess’s magnar hvǫt.
The shoal-wave of the rock of dwarfs [POEM] passes over the entire ship’s crew of the Ullr <god> of the sorrow of the fence of battle [SHIELD > SWORD > WARRIOR = Hákon], who increases boldness.
 ‑sǫgn: ‘‑song’ U
 asksǫgn ‘ship’s crew’: Askr can denote several things made of ash, including a ship (LP: 1. askr B2).
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