The 12th edition of the Volvo Ocean Race will take place in 2014-2015 after Volvo Car Corporation and Volvo Group on October 29 reaffirmed their long-term commitment to the world's premier offshore sailing event. Volvo Ocean Race CEO Knut Frostad announced the broad timetable just as the fleet prepared for the opening in-port race in the 2011-12 edition, starting in Alicante, Spain.