China Shipbuilding Industry Corporation (CSIC)
As of June 8, 2020, China Shipbuilding is listed on the Pennsylvania Department of General Services Iran Free Procurement List. Entities included on this list are ineligible to enter into a contract with the Commonwealth of Pennsylvania for goods and services worth at least $1,000,000 per sections 3501-3506 of the Commonwealth Procurement Code, 62 Pa. C.S. §§ 3501-3506.
In 2015, the North Carolina General Assembly enacted the Iran Divestment Act of 2015 to implement the authority granted by the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010. The Act prohibits the North Carolina Retirement Systems or the Department from investing in funds with individuals or companies engaging in certain defined investment activities in Iran. In addition, State agencies, local government units, and other political subdivisions of the State are prohibited from contracting with companies on the Department’s “Final Divestment and Do-Not-Contract List-Iran.” As of August 30 2019, China Shipbuilding is listed as a restricted company.
As of October 2019, China Shipbuilding remains on the Pennsylvania Treasury's List of Scrutinized Companies Determined as Having Involvement In Iran because of oil-related investment of US $20 million since 1996.
In 2017, the states of North Carolina, listed CSIC on its Iran scrutinized companies list rendering China Shipbuilding ineligible for investment and/or state contracting.
In 2014, China Shipbuilding was added to the Pennsylvania Treasury's List of Scrutinized Companies Determined as Having Involvement in Iran because of oil-related investment of US $20 million since 1996.