Over the past year or so Somali pirates have been wreaking havoc on countless vessels on the high seas. The life rights of American Captain Richard Phillips’, who recently escaped the clutches of the armed pirates thanks to the US Navy, have recently been acquired by Columbia Pictures, according to Variety.

The film rights to Phillips’ forthcoming memoir have also been acquired and will the studio in bring the Maersk Alabama Captain’s amazing story to the silver screen.

Michael DeLuca, Kevin Spacey, Dana Brunetti and Scott Rudin have already been named to handle producing duties.

The film will reportedly recount the events that made headlines all over the world including Phillips surrendering himself to the pirates who hijacked his ship in exchange for the safety of his crew, the showdown with Navy sharp-shooters, and President Obama’s role in ensuring Phillips came home alive.