DryShips has improved its earnings, thanks to an overall better rate scenario.

The New York-listed owner posted a $5.8m profit for the fourth quarter, up from a $1.8m net payout during the same period last year.

The Greek company's revenue came in at $49.3m versus $42.6m, backed by the average daily charter rate across its three segments bettering to $12,765 from $11,763.