Named after one of the convict transport ships in the First Fleet which founded the British colony of New South Wales in 1788.
The ship itself was built on the River Thames in London, England in 1786 for the Atlantic slave trade and was named after Lady Penrhyn (nee Anne Susannah Warburton) who was the wife of Richard Pennant, 1st Baron Penrhyn, of the Penrhyn Estate in Llandygai, North Wales. After several years of plying the London to Jamaica run she was captured by a French ship in 1811 and was scuttled and destroyed by fire.