Loki had been happily watching from the sidelines as the squid caused all sorts of carnage, it had not been his work but he could appreciate the brilliance. The creature was truly magnificent and had sunk at least three ships in the harbour... but then his not-brother came hurtling out of no where and had to ruin it all.
He was in shock.
At least that would be his excuse if anyone ever thought to ask him why he hadn't run at the first inkling that the Blonde Bastard was here. Then the blundering oaf had to go and bloody take on the thing and Loki was torn, did he stay... or did he run?