Peaceful, right? I am going around an ocean (7,3)

I believe the answer is:

pacific rim

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'going around an ocean' is the definition.
I know nothing about this answer so I can't judge whether it can be defined by this definition.

'peaceful right? i am' is the wordplay.
'peaceful' becomes 'pacific' (similar in meaning).
'right?' becomes 'R' (common abbreviation).
'i am' becomes 'I'm' (contraction).
'pacific'+'r'+'im'='PACIFIC RIM'

Can you help me to learn more?

(Other definitions for pacific rim that I've seen before include "where business is booming" , "Asian region" , "lands around ocean" , "Increasingly prosperous region" .)

I've seen this clue in The Daily Express.

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