"We have started doing bunkering in a small way and are looking at buying a supply barge," an official at CSC, Sri Lanka's national shipping line said.
Colombo's bunker or ship fuel market is becoming more competitive with eight licence holders in the fray.
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But only two, the largest supplier, Lanka Marine Services (LMS), and another firm, Sri Lanka Shipping, have supply vessels.
LMS, a unit of conglomerate John Keells Holdings, long held an effective monopoly on ship fuel sales in Colombo and owned the only onshore storage facility until a recent court order to hand it back to the port.
The storage tanks are to become a common user facility available to all licensed suppliers.
The CSC official said the joint venture now sells bunker fuels by sub-contracting orders to the firms with supply vessels.
CSC has set up a company called CSC Kandia, a joint vent