The Odinship was given to Thor to sail in order to learn what dread power had caused a crack in Odin's enchanted oversword of Asgard.
Once the crew was gathered, the enchanted ship sailed through the galaxy, until it left the realm of Asgard.
The Dragon Ship then entered the Sea of Fear.
It approached the perilous Pillars of Utgard.
Thanks to Balder, the ship managed to safely cross the strait.
The Odinship was then attacked by the Flying Trolls of Thryhem.
Using their Grapple Rings, they managed to catch Loki and lift him off the ship.