According to Variety, Graham King's GK Films and William Monahan will be making The Essex.
The film looks at Capt. David S. Porter and the daring battles he waged at sea against the British in the War of 1812.
The American naval fleet was very outnumbered against the British Royal Navy and Capt. Porter "steered the Essex past British cruisers to reach the Pacific, where it devastated the British whaling fleet before engaging in a final battle with a special Brit squadron."
Monahan wrote the screenplay and might even direct the project. Graham King and Monahan are producing the film.