Eigi veitk, nær ægi
óðflýtir má knýta;
dýr es fiskifœra
feigligt, þats vér eigum.
Eigi veitk, nær óðflýtir má knýta ægi; dýr fiskifœra, þats vér eigum, es feigligt.
I don’t know when the poem-conveyer [POET] will be able to bridle the ocean [= (marr ‘horse’)]; the animal of fishing-gear [= (taumar ‘reins’)] [HORSE] which we [I] own is dying.
case: nom.