Greek dry bulk giant Star Bulk Carriers has managed to sail two of its vessels safely out of Ukrainian waters under grain-export agreements while a third remains in place under war-risk insurance coverage.

Star provided the update on Wednesday in a quarterly earnings report that revealed a third quarter profit in a softer market that fell below expectations of Wall Street analysts.

The Petros Pappas-led bulker owner said its 82,200-dwt Star Helena and 82,200-dwt Star Laura (both built 2006) had been able to safely navigate out of Ukraine and “are now normally trading”.