MISC Berhad

MISC is listed on the March 2019 Alaska Retirement Management Board, Companies Doing Material Business with Iran list. (http://treasury.dor.alaska.gov/Portals/3/docs/resolutions/ARMB%20Iran%20Divestment%20List%203-31-19.pdf)

MISC is listed on the June 4, 2019 and July 12, 2019 Florida State Board of Administration list of prohibited investments (Scrutinized companies) for Iran related business. (https://www.sbafla.com/fsb/Portals/FSB/Content/Performance/Quarterly/2019_06_04_Web_Update_PFIA_Prohibited_List.pdf?ver=2019-06-04-162911-617) (https://www.sbafla.com/fsb/Portals/FSB/Content/Performance/Quarterly/2019_07_12_Web_Update_PFIA_Prohibited_List.pdf?ver=2019-07-12-114201-343)

<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> MISC Bhd. is a Malaysian shipping company that is linked to Iran through its parent company, Petronas, a “Restricted” company. MISC is listed on the December 31, 2018 CalSTRs Portfolio of companies identified as possibly having ties to Iran and from which CalSTRs has divested from and restricted in 2018. In 2009, CalSTRS designated MISC Bhd. as “Divested and Restricted” and has maintained that designation in 2018. (https://www.calstrs.com/sites/main/files/file-attachments/calstrs_investment_reports_2018.pdf)

"MISC Bhd. is a Malaysian shipping company that is linked to Iran through its parent company, Petronas, a “Divested and Restricted” company. In 2009, CalSTRS designated MISC Bhd. as “Divested and Restricted” and maintained that status in 2020." (https://www.calstrs.com/sites/main/files/file-attachments/calstrs-investment-reports-2020.pdf?1609284307)

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As of October 4, 2008, CalSTRS' portfolio was free of MISC Bhd who is subject to the most severe restrictions under the law due to its ties or possible ties to Iran. (https://www.calstrs.com/sites/main/files/file-attachments/calstrs_investment_reports_2017.pdf/)

Malaysian police said Friday that they had found equipment they suspect could be used to make nuclear weapons smuggled on board a ship headed to Iran. National police chief Ismail Omar told The Associated Press that the cargo was seized from a Malaysian-registered ship traveling from China to Tehran while it was docked at a central Malaysia harbor. Authorities are investigating whether the equipment could be used to make nuclear weapons. Malaysian International Shipping Corp. confirmed in a statement to the AP that police confiscated two containers from the MV Bunga Raya Satu on March 8. It said a freight forwarder had declared the contents as 'goods used for liquid mixing or storage for pharmaceutical or chemical or food industry' ...  The Malaysian shipping company said the vessel continued its journey without the seized items March 9." (The Washington Post, "Malaysian ship smuggling equipment with possible nuclear link was headed to Iran, police say," 3/18/11) (http://www.washingtonpost.com/world/malaysian-ship-smuggling-equipment-with-possible-nuclear-link-was-headed-to-iran-police-say/2011/03/17/ABi4WQn_story.html)

In 2018 the U.S. state of Ohio listed MISC Bhd on its list of companies doing material business with Iran rendering MISC Bhd ineligible for investment and/or state contracting. (https://www.op-f.org/Files/Scrutinized%20Companies%20Iran%20Sudan.pdf)

As of May 28, 2020, the Florida State Board of Administration (“SBA”) continues to list MISC on its list of “Scrutinized companies with Activities in the Iran Petroleum Energy Sector.” (https://www.sbafla.com/fsb/Portals/FSB/Content/GlobalGovernanceMandates/QuarterlyReports/2020/Global_Governance_Mandates_and_Florida Statutes_2020_05_28.pdf?ver=2020-05-28-122524-540)

In 2017 the U.S. states of Alaska, Florida, Mississippi, Texas listed MISC Bhd on its list of companies doing material business with Iran rendering MISC Bhd ineligible for investment and/or state contracting. (http://treasury.dor.alaska.gov/Portals/3/docs/ARMB%20Iran%20Divestment%20List%2012-31-17.pdf /) (https://www.sbafla.com/fsb/Portals/FSB/Content/GlobalGovernanceMandates/QuarterlyReports/2017/Global_Governance_Mandates_and_Florida%20Statutes_2017_12_13.pdf?ver=2017-12-13-145507-737 /) (http://www.dfa.ms.gov/media/4100/companies-posted.pdf/)

As of December 31, 2019, the Alaska Retirement Management Board lists MISC as a company doing material business with Iran.   (https://treasury.dor.alaska.gov/Portals/3/docs/resolutions/ARMB Iran Divestment List 12-31-19.pdf)

MISC Berhad ships cargo to the Iranian port of Bandar Abbas, and describes its specific shipping policy for the port on its website. The company lists three other ports of call in Iran on its website - Asaluyeh, Bandar Mashahr, and Bandar Khomeini. MISC Berhad has been targeted for divestment by Florida State Board of Administration over its activities in Iran. (http://www.misc.com.my/linerbusiness/linerbiz_news_details.php?id=181) (http://www.misc.com.my/corporateinfo_portsofcall.php) (http://www.sbafla.com/fsb/LinkClick.aspx?fileticket=E6x9EbalVSw%3d&tabid=751&mid=2408)

MISC Berhad is the leading international shipping line of Malaysia. MISC Berhad operates a young fleet of over 100 vessels, specializing in the shipping of energy products such as liquefied natural gas and petroleum (Company Website).  (http://www.misc.com.my/)

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On January 13, 2020, the South Dakota Investment Council submitted a report to the Executive Board of the Legislative Research Council regarding compliance with SDCL 4-5-48 to 4-5-60, Iran Divestiture. Included in this report is an Iran Scrutinized Companies list of all prohibited investments for which the internal managers and direct external managers are instructed not to purchase any company on the list. MISC is included on this list.   (https://sdlegislature.gov/docs/referencematerials/requiredreports/RR901152020.pdf)

MISC is listed on the June 2019 Alaska Retirement Management Board, Companies Doing Material Business with Iran list. (http://treasury.dor.alaska.gov/Portals/3/docs/resolutions/ARMB%20Iran%20Divestment%20List%206-30-19.pdf)

On September 19, 2007, MISC was added to the Florida State Board of Administration List of Prohibited Investments (Scrutinized Companies) due to its involvement in Iran. As of March 9, 2021, MISC remains on the SBA list of prohibited investments.  (https://www.sbafla.com/fsb/Portals/FSB/Content/Performance/Quarterly/2021_03_09_Web_Update_PFIA_Prohibited_List.pdf?ver=2021-03-09-134849-587)

In 2009, the California State Teachers’ Retirement System (“CalSTRS”), designated MISC Bhd. As “Divested and Restricted” for being linked to Iran through its parent company, Petronas, a “Restricted” company. CalSTRS maintained that designation in 2019.  CalSTRS and CalPERS are the top two largest public pension funds in the United States with more than $550 billion in total assets under management combined.  (https://www.calstrs.com/sites/main/files/file-attachments/calstrs-investment-reports-2019.pdf?1577750493)

Listed by the Iranian Ports and Maritime Organization as doing business with the Iranian Jahan Darya Zamin.  (Ports & Maritime Organization: Companies Affairs Department: Liners) (http://portaffairs.pmo.ir/companiesaffairsdepartment-liners-en.html)

In 2013, 2014, 2015, 2016 and 2017 MISC was listed on the Texas Pension Review Board List of Scrutinized Companies doing business in Iran pursuant to Chapter 807.054, Government Code.   (https://comptroller.texas.gov/purchasing/publications/divestment.php)