Hey Peter, this is looking really good. I agree with everything Arimel said as well, particularly about the bubbles around major locations.

It's not so much a criticism but one thing I think you could work on to take your work to the next level is the border and other supporting elements of the map (compass rose, map title). Compared to the rest of the map they just feel like a little bit of an afterthought. A well thought out border and other decorations can really bring a map together. The guild is an excellent place to have a look around for ideas in this regard and there are many people who do really good supporting elements. I would start by looking at the work of MistyBeee, she is probably one of the best artists I have seen on the guild in this area.