I agree with Geir on both the light direction and the colour of the ship. Making it silvery might make the whole image too cold and uniform colourwise. It looks like the ship's pretty close to the water, almost skimming the surface, so that'd give a fair bit of reflection both ways.
I'm wondering if they're hunting polar bears or just visiting? Might be good to add a clue, but then again one can let the viewers make up their own story... I like that I find myself wondering about what's going on.
to Geir, about the contest: The only brief is to make a cover image, no theme or other such info. A template for where text goes and all is included on the DVD but you can see it in clairbears entry image as well, if you wanna start before you get the issue. It's not too different from the Xmas one, except there's more are covered by text...
Contest entries need to be in by Jan 10th and you can win, besides cover spot, a wacom cintiq and a year's subscription. I wish I stood a chance :P
Edit: silly me, you can see it right HERE lol (the template)