Frank Castle interrogated Chaney at a diner until the he told him where the Blacksmith's drug shipments came in. Castle went to Pier 81 at 41st Street to find and kill the Blacksmith. He killed several men who were guarding the ship, and found a shipment of heroin on board. As he doused the drugs with gasoline, he called out for the Blacksmith to show himself.
Frank Castle found the only man left alive on the Blacksmith's ship, and threatened him with a gun, asking repeatedly if he was the Blacksmith. The man admitted that he was. Before Castle could kill him, Daredevil arrived, warning Castle that the man was lying.
Daredevil managed to disarm Castle, and Castle, furious at being denied his revenge, fought hand to hand with him. Eventually Daredevil subdued him. The angry Castle once again expressed his grief at losing his family and his inability to find the man who had killed them. Daredevil reluctantly admitted that maybe the Punisher's brand of justice was more suitable in dealing with the Blacksmith.
Several armed men approached the ship, including Gosnell, who taunted Castle by name. Daredevil warned Castle about the explosion that would occur if guns were fired at the ship, which he could sense was carrying gunpowder. Rather than leave with Daredevil, Castle pushed him off the ship into the water.
Castle revealed himself to the men, who shot at him, causing an enormous explosion which killed all except Castle, who was able to escape.
Frank Castle recognized Gosnell at the Blacksmith's ship, and deduced that their former commanding officer Colonel Ray Schoonover might be involved. He went to Schoonover's home to discover Karen Page inside, interviewing Schoonover for an article she was writing for the New York Bulletin.
When Page also made the connection between Gosnell and Schoonover, the Colonel forced her into her car by gunpoint. Castle rammed into the passenger side of the car, and dragged Schoonover to a nearby shed.
Although Page begged him not to, he shot and killed Schoonover, realizing that he was the Blacksmith.