Craig Gillespie is in talks to direct the film which is based on the true story about two oil tankers caught in a storm, according to the Hollywood Reporter.
Gillespie most recently directed sports drama 'Million Dollar Arm', which has Indian actors Suraj Sharma (Life of Pi) and Madhur Mittal (Slumdog Millionaire).
Jon Hamm starrer Million Dollar Arm, another true story, is about a sports agent who scouts cricket players in India to play Major League Baseball.
'The Finest Hour' is inspired by the true story of a 1952 incident when a Noreaster hit the New England coast, and two oil tankers were caught in the middle.
Lion Dollar Arm stars Jon Hamm as a sports agent who scouts cricket players in India to play Major League Baseball and opens May 16.
Pine most recently starred in 'Jack Ryan: Shadow Recruit'. He is also returning for 'Star Trek' movie.