The Aker yard, with the Fred Olsen ship Balkis. A small black strip on the extreme right must be the city hall under build, It was built between 1931 and 1951. The Balkis was built in 1939 it is said in several places, although in this movie strip of the launch, the year is given as 1937, two years fitting out seems a long time:
https://digitaltmuseum.no/021118477851/fra-akers-merk-verksted-sjosattes-en-ny-fruktbat-for-fred-olsen-co-dabe
