The show revolves around passengers on a high-end cruise line, Daily Variety reported Monday.
Jackman and his Seed Productions partner John Palmero will executive produce the show along with CBS Paramount Network Television.
The writer, Makowski already made a mark earlier this year with his Singapore-set crime thriller "One Last Dance," at Sundance and Cannes.
"We were looking for a new way to tell a story on the small screen, and Max hit on it with this idea," Jackman said of the project.
Seed Prods is also attached to CBS's remake of "Viva Blackpool," which Sony Pictures Television is producing. Jackman is set to guest star in the "Blackpool" pilot.