Golden Ocean Group Ltd. posted a bigger-than-expected rise in its underlying third-quarter profit yesterday, and said it aimed to reduce, postpone or refinance its $1.6-billion (U.S.) shipbuilding program. Though profit beat expectations, partly because much of Golden Ocean's fleet is on long-term charter, bulk shipping has been hit hard by the global economic downturn, with daily rates plunging in a market hurt by overcapacity. Underlying profit rose to $64.3-million from $30-million in the year-ago period. But the company said it would not pay a third-quarter dividend. GOGL (Oslo) fell 1.35 kroner to 3.52 kroner (49 cents).