Venturing abroad
After getting into the university, Lin instituted his own “three noes” policy: no civil service work, no graduate school, and no study abroad. He resolved instead to learn the ropes in the shipping industry.
He became a shipping agent, helping shippers with import‡export inspections and customs clearance, in addition to managing their ship building, purchasing, and leasing needs. The work also gave him a good look at the bulk carrier market, which led to him taking contracts as a freight broker: helping clients find carriers for their goods and ship owners find cargoes to carry.
When Taiwan’s economy took off, imports of raw materials and exports of manufactured goods became common. Taiwanese exporters generally sought to keep things simple, and did most of their shipping “free on board” (FOB). Under these terms of sale, the seller’s responsibilities end with loading the cargo on a ship at the export port. Beyond that point, any transportation fees and risks are the responsibility of the buyer. In this situation, the foreign buyers were choosing the shippers and all the associated profits went to the foreign agencies they employed. But Lin saw an opportunity in the Taiwan market, and persuaded Taiwanese firms to direct the selection of shippers themselves.
The nature of Lin’s work convinced him that Taiwan’s future depended upon reaching out beyond the island. “Taiwan is a maritime nation, which means we have to figure out ways to expand into the world outside. Shipping agents operate internationally. When you work in the business, you become connected to the world and its major cities.”
Lin founded his own company, MIT Chartering & Agency Co. Ltd., at age 32, after more than a decade working in and around the industry. “A business has to make money, but that’s not the only goal. Shipping agencies must deliver a high level of service, but running an agency well also requires fulfilling its corporate responsibilities, increasing employment opportunities, and attracting new people,” says Lin with some pride.
In 1996, he took a friend’s advice and established an Australian subsidiary. A number of factors influenced the decision, including the strength of Australia’s mining industry, its abundant raw materials, and Melbourne’s standing as a global shipping hub. He also weighed the educational opportunities the country offered his children, and chose to move his entire family there.
Jason Lin (third from left) is the 23rd president of the World Taiwanese Chambers of Commerce. (courtesy of Jason Lin)