diff --git a/README.md b/README.md
index ad5f1ba..28ce767 100644
--- a/README.md
+++ b/README.md
@@ -67,7 +67,7 @@ The default versions are always a combination of component versions which are co
 
 | Aquarius | Brizo     | Events Handler | Keeper    | Commons  | Faucet   |
 | -------- | --------- | -------------- | --------- | -------- | -------- |
-| `v0.3.8` | `v0.4.5`  |  `v0.1.2`      | `v0.11.1` | `v1.2.1` | `v0.3.1` |
+| `v0.3.9` | `v0.4.6`  |  `v0.1.2`      | `v0.12.7` | `v1.3.1` | `v0.3.2` |
 
 You can use the `--latest` option to pull the most recent Docker images for all components, which are always tagged as `latest` in Docker. The `latest` Docker image tag derives from the default main branch of the component's Git repo.
 
diff --git a/start_ocean.sh b/start_ocean.sh
index 01b1a9a..0dda182 100755
--- a/start_ocean.sh
+++ b/start_ocean.sh
@@ -25,13 +25,13 @@ DIR="${DIR/ /\\ }"
 COMPOSE_DIR="${DIR}/compose-files"
 
 # Default versions of Aquarius, Brizo, Keeper Contracts and Commons
-export AQUARIUS_VERSION=${AQUARIUS_VERSION:-v0.3.8}
-export BRIZO_VERSION=${BRIZO_VERSION:-v0.4.5}
+export AQUARIUS_VERSION=${AQUARIUS_VERSION:-v0.3.9}
+export BRIZO_VERSION=${BRIZO_VERSION:-v0.4.6}
 export EVENTS_HANDLER_VERSION=${EVENTS_HANDLER_VERSION:-v0.1.2}
-export KEEPER_VERSION=${KEEPER_VERSION:-v0.11.1}
-export FAUCET_VERSION=${FAUCET_VERSION:-v0.3.1}
-export COMMONS_SERVER_VERSION=${COMMONS_SERVER_VERSION:-v1.2.1}
-export COMMONS_CLIENT_VERSION=${COMMONS_CLIENT_VERSION:-v1.2.1}
+export KEEPER_VERSION=${KEEPER_VERSION:-v0.12.7}
+export FAUCET_VERSION=${FAUCET_VERSION:-v0.3.2}
+export COMMONS_SERVER_VERSION=${COMMONS_SERVER_VERSION:-v1.3.1}
+export COMMONS_CLIENT_VERSION=${COMMONS_CLIENT_VERSION:-v1.3.1}
 
 export PARITY_IMAGE="parity/parity:v2.5.7-stable"