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Exhibit 10.12.2
 AMENDMENT NO. 2 TO TP 1 SPACE CHARTER AND
TRANSPORTATION SERVICE CONTRACT
 th
   th
 a.
    
    All capitalized terms used herein that are not otherwise defined shall have the
meaning provided in the Amended Agreement.b.
    
    All references in the Amended Agreement to Hong Kong and Kaohsiung shall be changed
to Hong Kong, Yantian, and Kaohsiung.c.
    
    All references in the Amended Agreement to Kaohsiung and Hong Kong shall be changed
to Kaohsiung, Hong Kong, and Yantian.d.
    
    All references in the Amended Agreement to Hong Kong or Kaohsiung shall be changed
to Hong Kong, Yantian, or Kaohsiung.e.
    
    All references in the Amended Agreement to Hong Kong / Kaohsiung shall be changed
to Hong Kong / Yantian / Kaohsiung.f.
    
    All references in the Amended Agreement to Hong Kong, Kaohsiung, Tacoma or Oakland
shall be changed to Hong Kong, Kaohsiung, Yantian, Tacoma or Oakland.g.
    
    Amend First Revised Appendix 1-A Slot Rates by adding the following to the bottom
of the page:
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h.
    
    Amend First Revised Appendix 2 to reflect the following proforma schedule:
 Second RevisedAppendix 2
 New TP1 ServiceVessel Service Proforma
 DAYS FROMPORT
    
    ARRIVAL AT DOCK
    
    UNDOCKING TIME
    
    TACOMADAY
    
    HOUR
    
    DAY
    
    HOURTacoma
    
    
    
    
    
    SUN
    
    3:00
    
    
    0Oakland
    
    TUE
    
    3:00
    
    TUE
    
    20:00
    
    
    2Honolulu
    
    SAT
    
    23:00
    
    SUN
    
    19:00
    
    
    7Guam
    
    TUE
    
    0:00
    
    WED
    
    6:00
    
    
    17Yantian
    
    SAT
    
    22:00
    
    SUN
    
    13:00
    
    
    21Hong Kong
    
    SUN
    
    19:00
    
    MON
    
    2:00
    
    
    22Kaohsiung
    
    MON
    
    21:00
    
    TUE
    
    8:00
    
    
    23Tacoma
    
    SAT
    
    8:00
    
    
    
    
    
    
    35
  i.
    
    The Parties do not waive any rights as a result of entering into this Amendment No.
2. All the rights and obligations of the Parties under the Amended Agreement not
specifically addressed under this Amendment No. 2 remain unmodified.
 *** Portions hereof have been omitted and filed separately with the Securities and Exchange
Commission pursuant to a request for confidential treatment in accordance with Rule 24b-2 of the
Securities Exchange Act of 1934, as amended.
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j.
    
    This Amendment No. 2 and the Amended Agreement shall (a) contain the entire agreement and
understanding of the Parties with respect to the subject matter and (b) supersedes all prior
negotiations, discussions, correspondence, communications, understandings and agreements between
the Parties relating to the subject matter thereof, all of which are merged into this Amendment No.
2 and the Amended Agreement.
 k.
    
    Except as otherwise provided herein, this Amendment No. 2 is effective as of the date
signed by both Parties.
 nd
 Horizon Lines, LLC
    
    
    
    A.P. Moller as managing ownerfor and on behalf ofA.P.Moller-Maersk A/Strading as Maersk LineBy:
    
    /s/ Robert S. Zuckerman
    
    By:
    
    /s/ J. HarlingName:
    
    Robert S. Zuckerman
    
    Name:
    
    J. HarlingTitle:
    
    Vice President
    
    Title:
    
    V.P.By:
    
    /s/ Peter FrederiksonName:
    
    Peter FrederiksonTitle:
    
    Sr. V.P.
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