diff --git a/Dockerfile b/Dockerfile
index 46b29166377f874f7267b3fd9b824659058fbb2d..484a4ee10052a64423eadb64e07b8f1b532eafe0 100644
--- a/Dockerfile
+++ b/Dockerfile
@@ -44,7 +44,7 @@ RUN yum install -y https://www.monetdb.org/downloads/epel/MonetDB-release-epel.n
 RUN yum update -y && \
     yum upgrade -y
 
-ARG MonetDBVersion=11.29.3
+ARG MonetDBVersion=11.31.7
 
 # Install MonetDB server
 RUN yum install -y MonetDB-$MonetDBVersion \
diff --git a/README.md b/README.md
index aea6f32b3b3c9cece777b0111086562daad87611..16a3eb92c834b711cd87871b80eb16dba855cbab 100644
--- a/README.md
+++ b/README.md
@@ -5,12 +5,8 @@ monetdb-r-docker
 Docker container for [MonetDB with R](https://www.monetdb.org/content/embedded-r-monetdb). Based on CentOS 7.
 
 # Supported tags and respective Dockerfile links
-* [`Mar2018`, `11.29.3`, `latest` (Dockerfile)](https://github.com/MonetDB/monetdb-r-docker/blob/mar2018/Dockerfile)
-* [`Jul2017-SP4`, `11.27.13`, `latest` (Dockerfile)](https://github.com/MonetDB/monetdb-r-docker/blob/jul2017-sp4/Dockerfile)
-* [`Jul2017-SP3`, `11.27.11`, (Dockerfile)](https://github.com/MonetDB/monetdb-r-docker/blob/jul2017-sp3/Dockerfile)
-* [`Jul2017-SP2`, `11.27.9`, (Dockerfile)](https://github.com/MonetDB/monetdb-r-docker/blob/jul2017-sp2/Dockerfile)
-* [`Jul2017-SP1`, `11.27.5` (Dockerfile)](https://github.com/MonetDB/monetdb-r-docker/blob/jul2017-sp1/Dockerfile)
-* [`Jul2017`, `11.27.1`, (Dockerfile)](https://github.com/MonetDB/monetdb-r-docker/blob/jul2017/Dockerfile)
+* [`Aug2018`, `11.31.7`, `latest` (Dockerfile)](https://github.com/MonetDB/monetdb-r-docker/blob/aug2018/Dockerfile)
+* [`Mar2018`, `11.29.3`, (Dockerfile)](https://github.com/MonetDB/monetdb-r-docker/blob/mar2018/Dockerfile)
 
 # Launching a MonetDB container
 Pull the image from the registry: