Fjǫrð kom heldr í harða
— hnitu reyr saman dreyra;
tungl skôrusk þá tingla
tangar — Ormr inn langi,
þás borðmikinn Barða
brynflagðs Reginn lagði
— jarl vann hjalms at holmi
hríð — við Fáfnis síðu.
Fjǫrð kom Ormr inn langi í heldr harða — reyr dreyra hnitu saman; tungl tangar tingla skôrusk þá —, þás Reginn brynflagðs lagði borðmikinn Barða við síðu Fáfnis; jarl vann hríð hjalms at holmi.
Last year Ormr inn langi (‘the Long Serpent’) underwent a rather harsh [trial] — reeds of gore [SWORDS] crashed together; moons of the tongs of prow-boards [SHIELDS] were cut then —, when the Reginn <dwarf> of the byrnie-troll-woman [AXE > WARRIOR = Eiríkr] brought the high-sided Barði (‘Prow’) alongside Fáfnir; the jarl fought a storm of the helmet [BATTLE] near the island.
 at holmi ‘near the island’: Und holmi, lit. ‘below the island’ (so Flat, FskAˣ, Holm18, 310, 4-7), is also possible, and would imply that the island had steep cliff-sides. For the debate about the possible location of Svǫlðr (and whether it was an island, a river or a bay), see entry for Óláfr Tryggvason in ‘Ruler biographies’ in Introduction to this volume.
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