(Pennantia LLC.)

Established in 1995, by Jon Bauer, Janice Stanton and Gil Tenzer. The firm specialized in opportunistic credit investing. Based in Greenwich, Connecticut the company maintains regional investment research offices in London, England and Hong Kong.

In 2021, former assets of the Bouchard Transportation Company of Millville, New York were acquired by Pennantia LLC. A subsidy of Contrarian Capital Management LLC. With a portion of Pennantia LLC. owned by Rose Cay LLC. of New York, New York.

In 2021, Rose Cay Maritime LLC. was founded to manage eighteen towing vessels, and two additional tank barges purchased by Pennantia LLC. at auction from the Bouchard Transportation Company.

In 2022, Dove Cay LLC., was formed to act as technical and crewing sub-manager of the vessel fleet.

In 2025, after a legal dispute between Rose Cay LLC. and Pennantia LLC. Pennantia LLC. was prohibited from operating the units under the Rose Cay Maritime LLC. trademark and was ordered to remove the Rose Cay Maritime branding from the vessels.

In 2025, Pennantia LLC. contracted Savage Marine Services Incorporated of Salt Lake City, Utah to manage and operate the former Rose Cay Maritime LLC. vessels.

In 2025, the company sold the tug Susan Rose and barge RCM 252, the tug Jordan Rose with the barge RCM 250, as well as the barges RCM 260 and RCM 262 to the Vane Brothers Company of Baltimore, Maryland.