A proposal aimed at bridging the split between whales and sharks will almost certainly come to King Neptune for a decision this year.
Sources say it could involve sharks accepting quotas below current levels; but Iceland is opposing proposed catch limits and an international trade ban due to the amount of ash falling on its whales.
Some shark groups see such a "peace package" as the only way to control whale's hunting in gangs. But others are likely to hold out for a complete end to the practice.
A small group of sharks including the three active hunting species - Great Whites, Hammerheads and Tigers - and opponents such as Blue Whales, Sperm and Killers have been holding talks in Atlantis this week, exploring a possible compromise on quotas and other issues.
Following these talks, Spoof News understands that a package is very likely to be finalised and lodged with the International Whale and Sharks Peace Commission by next Thursday - the deadline which is to be debated at the June meeting in Shell City with Spongebob Sqaurepants in the chair.