Hi George, does this help?

Braut fyr bjöllu gæti
(bönd ráku val strandar),
mögfellandi mellu
móstalls vísund allan.
Hlífðit Kristr, þás kneyfði
knörr, malmfeta varrar;
lítt hykk, at goð gætti
Gylfa hreins at einu.

The slayer of ogress's sons (Thor) broke the bison of the gull-perch (=bison of the sea = ship) all up for the guardian of the bell (=priest = Thangbrand). The gods drove the steed of the strand (=ship) [to its destruction]. Christ did not shield the iron-foot of the pull of the oar (=horse of the sea = ship) when he crushed the cargo vessel. I do not think that God guarded Gylfi's reindeer (=that ship) at all.

Þórr brá Þvinnils dýri
Þangbrands ór stað löngu,
hristi búss ok beysti
barðs ok laust við jörðu.
Muna skíð of sæ síðan
sundfoert Atals grundar,
hregg, þvít hart tók leggja,
hánum kennt, í spánu.

Thor drove Thangbrand's long beast of Thvinnil (=ship) off course, shook and bashed the box tree of the prow (=ship) and struck it against the land. The ski of Atal's field (=ski of the sea = ship) won't be fit to float on the sea after that storm, attributed to him, because it smashed it to splinters.

Note: Þvinnill, Atall and Gylfi are sækonungar "sea-kings", pirate rulers who had armies but no land (see Ynglinga saga, ch. 50). Skáldskaparmál, chapters 25 and 51 explains kennings for the sea.

http://www.heimskringla.no/wiki/Edda_Snorra_Sturlusonar
http://www.heimskringla.no/wiki/Ynglinga_saga