Maddox, as a privately-owned company has been developing its activities and presences since foundation. Driven by the knowledge and expertise of the management team, Maddox has been able to attract industry talents as well as building a solid base of activities in our core regions of Caspian Sea, Black-Sea, Balkan, FSU, Baltic and Mediterranean area.
Maddox is a very well recognized energy and commodity trader in our core regions. 2021 has been another very successful year of Maddox Group since inception with nearly 32 mbbls of traded crude oil, 1.8m mtons of traded refined oil products and more than 500.000 mtons of traded agricultural products reaching a Group turnover of USD 3.03 billion.
The financial performance of the group underlines the success story of Maddox and what has been achieved by the entire Maddox family within the short period since inception.
For Maddox Risk-Management is one of its key success factors. The management of market fluctuations, financial and credit risks as well as the operational risk associated with the transport of dangerous goods has top priority within our Group.
A profound team of risk-management experts are continuously analysing, monitoring, reporting and managing our market and financial risks. Supported by a state of the art ETRM-System the automated processes allow us to control these risks on all levels of the organisation.
Our daily activities of moving hydrocarbon molecules are accompanied by high HSSE (Health, Safety, Security and Environment) standards which we apply to Maddox employees as well as to our service partners engaged in the transport of our products. A first-class insurance cover is applied to all the transports to protect Maddox from any negative financial implications.