Lanka Marine Services

What Lanka Marine Services does

Lanka Marine Services (LMS) is a privately-held marine bunkering service provider headquartered in Colombo, Sri Lanka. Founded in 1994, the company supplies marine fuel (Very Low Sulphur Fuel Oil, Marine Gas Oil, and High Sulphur Fuel Oil), marine lubricants, and fresh water to international vessels calling at Sri Lankan ports. As a fully-owned subsidiary of John Keells Holdings PLC (JKH), Sri Lanka's largest listed bluechip conglomerate on the Colombo Stock Exchange, LMS operates within the parent's Transportation Group. The company serves 200+ international clients and operates across all four major commercial ports in Sri Lanka: Colombo, Galle, Hambantota, and Trincomalee.

LMS operates an owned fleet of bunker barges with combined capacity exceeding 4,000 tonnes, including MT Lanka Marine Nilwala (3,356.3 cbm capacity, Lloyd's Register class) and MT Lanka Marine Mahaweli (2,774.1 cbm, NK class) - the latter being the first double hull bunker barge to operate in Sri Lankan waters and capable of delivering bunkers at over 700 MT per hour. The company holds sole stockist and delivery agent rights in Sri Lanka for marine lubricants from leading global petroleum brands, with inventory maintained at private bonded warehouses under Sri Lanka Customs supervision. Fresh water supply operations use dedicated equipment with 130-tonne carrying capacity and flow metering capability for off-port-limit deliveries. A digital bunkering platform provides automatic real-time email delivery notifications and electronic bunker nomination signatures.

Revenue is generated through transaction-based pricing for marine fuel, lubricants, and fresh water, with payment required in advance in USD and VAT/taxes billed separately. The direct B2B sales model targets international shipping companies through port-based operations, supplemented by pipeline delivery facilities and a tank truck supplier network. Key differentiators include ISO 13739:2020 certification and OHSAS 18001-2007 certification (the only bunkering provider in Sri Lanka with the latter), corporate backing from John Keells Holdings, and multiple Presidential Export Awards including Best Exporter in Marine & Offshore Services at the 2024/25 ceremony.

Name

Lanka Marine Services

Legal name

Lanka Marine Services (Private) Limited

Website

https://lankamarine.com

Company type

Private

Founded year

1994

Operating status

Operating

Headcount range

51–100 employees

Short description

Lanka Marine Services supplies marine fuel (VLSFO, MGO, HSFO), marine lubricants, and fresh water to international vessels at all major Sri Lankan ports. The company operates a 4,000-plus tonne barge fleet as a subsidiary of John Keells Holdings PLC.

Ownership category

akta.pro rank

Product category

Marine Bunkering Services

NAICS

Petroleum Bulk Stations and Terminals (424710), Marine Cargo Handling (48832)

SIC

Wholesale-Petroleum Bulk Stations & Terminals (5171), Wholesale-Petroleum & Petroleum Products (No Bulk Stations) (5172), Water Transportation (4400)

akta.pro primary industry

Conventional Marine Fuel Bunkering (HFO/VLSFO/MGO/ULSFO) (TLAHAKAA)

akta.pro secondary industries

Marine Bunkering & Port Fuel Supply (EUALAIAG), Marine Lubricants Supply & Services (Cylinder/System Oils) (TLAHAKAJ), Bunkering Equipment, Systems & Maintenance (Hoses, Couplings, Metering, Vapour Return) (TLAHAKAK)

Keywords

• Marine bunkering services
• Marine fuel supply
• Marine lubricants supply
• Ship fresh water delivery
• Vessel bunkering operations

Headquarters

HQ city

Colombo

HQ country

Sri Lanka

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Infrastructure, Operations, Personnel, Marketing or Sales

Revenue model

1. Marine Bunkering: Supply of marine fuel products including VLSFO, MGO, and HSFO to vessels at Sri Lankan ports. Revenue generated from product sales and delivery charges. Payment typically required in advance in USD.
2. Marine Lubricants: Supply and delivery of marine lubricants. The company is sole stockiest and delivery agent in Sri Lanka for leading global petroleum brands. Stocks maintained at private bonded warehouses under Sri Lanka Customs supervision.
3. Fresh Water Supply: Dedicated equipment and infrastructure for supplying fresh water to vessels calling off port limits in Sri Lanka. Equipment has carrying capacity of 130 tonnes with flow metering capability.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Lanka Marine Services supplies marine fuels (VLSFO, MGO, HSFO), marine lubricants (as sole stockist and delivery agent in Sri Lanka for leading global petroleum brands), and fresh water to international shipping vessels calling at Sri Lankan ports. Deliveries are made via an owned fleet of bunker barges, pipeline facilities, and approved tank trucks at Colombo, Galle, Hambantota, and Trincomalee ports. The company provides MARPOL Annex VI compliant bunkering operations with ISO 13739:2020 and OHSAS 18001-2007 certifications.

Product overview

Lanka Marine Services offers an integrated marine bunkering service platform comprising three core services: bunkering (fuel delivery via owned barge fleet), marine lubricants (sole agent for global petroleum brands), and fresh water supply. The company supplies three marine fuel products: Very Low Sulphur Fuel Oil (VLSFO), Marine Gas Oil (MGO), and High Sulphur Fuel Oil (HSFO). Operations are supported by owned fleet assets including MT Lanka Marine Nilwala and MT Lanka Marine Mahaweli barges, with digital capabilities for real-time delivery notifications and electronic bunker nominations.

Differentiator

Problem solved

Functional benefit

Products and services

• Bunkering Services Core bunkering service providing safe, efficient, and high-quality marine fuel delivery to all vessel types across Sri Lankan ports via an owned fleet of bunker barges and pipeline facilities, operating in compliance with MARPOL Annex VI and OHSAS 18001 standards. Targeted at international shipping companies and vessel operators calling at Sri Lankan ports.
• Marine Lubricants Supply Marine lubricant supply and delivery service in Sri Lanka; the company acts as sole stockist and delivery agent for leading global petroleum brands, maintaining substantial stocks at private bonded warehouses under Sri Lanka Customs supervision. Targeted at vessel operators requiring marine lubricants alongside bunkering.
• Fresh Water Supply Fresh water delivery service to vessels at off-port limits and anchorage with 130-tonne carrying capacity and flow metering capability, sourced from Colombo port municipal supply. Targeted at vessel operators calling at Sri Lankan ports.
• Very Low Sulphur Fuel Oil (VLSFO) Marine fuel product meeting IMO low sulphur standards with specifications including 0.05% sulphur content, 890 kg/m3 density at 15°C, and 6 mm2/s viscosity at 40°C. Supplied to international vessels at Sri Lankan ports.
• Marine Gas Oil (MGO) Marine gas oil fuel product with 0.50% sulphur content, 991 kg/m3 density at 15°C, and viscosity of 380 mm2/s at 50°C. Supplied to international vessels at Sri Lankan ports.
• High Sulphur Fuel Oil (HSFO) High sulphur marine fuel oil meeting industry specifications for vessel propulsion. Supplied to international vessels at Sri Lankan ports.

Quantifiable outcome

• Deliveries at rate of over 700MT per hour with Lanka Marine Mahaweli
• +1 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

One partnership is on record.

• Leading Global Petroleum BrandscoreOthersLanka Marine Services is the sole stockiest and delivery agent in Sri Lanka for leading global petroleum brands for marine lubricants. Stocks maintained at private bonded warehouses under Sri Lanka Customs supervision.

Scale indicators5 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• TFG Marine: Marine fuel joint venture between Trafigura and Frontline. Direct peer supplying physical marine fuels globally and an active physical supplier in Indian Ocean ports, competing for similar vessel customers.
• Bunker Holding: World's largest bunker supplier and trader, supplying marine fuels across global ports. Directly comparable to Lanka Marine Services as a marine fuel supplier serving international shipping vessels, though at significantly larger global scale.
• Minerva Bunkering: Global physical marine fuel supplier with operations across major bunker hubs. Directly comparable in business model — physical supply of VLSFO/MGO/HSFO to international shipowners — and overlaps in Indian Ocean coverage.
• Peninsula Petroleum: Independent physical marine fuel supplier operating across major bunker hubs. Directly competes with LMS in supplying VLSFO, HSFO, MGO and lubricants to international shipping, with overlapping product portfolio and customer base.
• Lanka IOC: Sri Lankan subsidiary of Indian Oil Corporation, operating retail fuel and lubricant distribution in Sri Lanka. A domestic competitor with similar customer overlap in marine lubricants and bunkering-related product supply.
• KPI OceanConnect: Global marine fuel and lubricant supplier formed from merger of KPI Bridge Oil and Chemoil. Direct peer offering the same marine fuel grades (VLSFO, MGO, HSFO) and lubricants to international shipowners, with broader global reach.
• Aegean Marine Petroleum Network: Global marine fuel supplier and logistics provider (currently operating post-restructuring). Direct peer with the same model of physical marine fuel supply to international shipowners across multiple geographies.
• Ceylon Petroleum Corporation: Sri Lankan state-owned oil company that is the dominant domestic petroleum importer and supplier. Direct competitor in the Sri Lankan bunker market and at all four major ports LMS serves, with scale advantages as a national oil company.

Broad incumbents

• World Fuel Services: Global energy marketing and marine fuel services company. Comparable in serving international shipping customers across multiple ports, but at a much larger diversified scale spanning aviation, land, and marine fuel.
• Sinopec Marine (Sri Lanka operations): Global oil major with downstream fuel and bunkering operations; has downstream and trading activities relevant to South Asian bunker supply. Larger incumbent competing indirectly via supply chains and pricing.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/LankaMarineServices
• LinkedInlinkedin.com/company/lanka-marine-services

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lanka Marine Services