Gale Anne Hurd’s Valhalla Entertainment and Australian-based film company Arenamedia are teaming to produce “The Shipkiller,” based on Justin Scott’s revenge thriller.

Australian filmmaker Robert Connolly is attached to direct.

Hurd will produce for Valhalla with Connolly producing via Arenamedia. Henry Morrison and Andrew Myer are exec producing.

Deal was announced Tuesday at the Toronto International Film Festival, where Connolly’s “Underground” — focusing on the teen years of WikiLeaks founder Julian Assange — has been screening and is being presented to buyers for the first time.

“Shipkiller” centers on a man’s quest for revenge after a massive ocean tanker shatters his sailboat.

Connolly noted that the novel that was in development as a feature in 1979 with Sean Connery and David Niven attached. “Ever since seeing Phillip Noyce’s terrific ‘Dead Calm,’ I had wanted to find the perfect thriller at sea and this is surely it,” he added.

Connolly’s credits include “The Bank,” “Three Dollars” and “Balibo.” He is represented by Jennifer Levine at Untitled.