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offing (n.)

"the more distant part of the open sea as seen from the shore," 1620s, a nautical term, from off (q.v.) + noun suffix -ing (1). Outside sea-jargon, it survives in the phrase in the offing (1779) which originally meant "in the distant future;" the modern sense of "impending" developed by 1914.

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Definitions of offing

offing (n.)
the near or foreseeable future;
there was a wedding in the offing
offing (n.)
the part of the sea that can be seen from the shore and is beyond the anchoring area;
there was a ship in the offing
From wordnet.princeton.edu