"The Last Voyage of the Demeter" may set sail with director Stefan Ruzowitzky, who helmed the Oscar-winning foreign film "The Counterfeiters."

Ruzowitzky is in negotiations with Phoenix Pictures, and would work from a script by Bragi Schut, the writer of the upcoming Nicolas Cage horror movie "Season of the Witch."

The ship Russian ship Demeter appeared in Bram Stoker's classic 1897 tale "Dracula." In that novel, the Demeter washes up on the shore of Whitby, England, during a fierce storm after transporting Dracula from Transylvania. Only one crew member survives, but he collapses into insanity.

The ship's voyage will take center stage in the film, with the crew locked in a desperate struggle to survive as their mysterious passenger hunts them.

Mike Medavoy, Arnold Messer and Bradley Fischer of "Shutter Island" fame will produce.