diff --git a/devel/py-arrow/Makefile b/devel/py-arrow/Makefile
index 22de7fda551f..e0ae0ea0e9bc 100644
--- a/devel/py-arrow/Makefile
+++ b/devel/py-arrow/Makefile
@@ -1,28 +1,27 @@
 # Created by: Grzegorz Blach <gblach@FreeBSD.org>
 # $FreeBSD$
 
 PORTNAME=	arrow
-PORTVERSION=	0.11.0
-PORTREVISION=	1
+PORTVERSION=	0.12.1
 CATEGORIES=	devel python
 MASTER_SITES=	CHEESESHOP
 PKGNAMEPREFIX=	${PYTHON_PKGNAMEPREFIX}
 
 MAINTAINER=	gblach@FreeBSD.org
 COMMENT=	Better dates and times for Python
 
 LICENSE=	APACHE20
 LICENSE_FILE=	${WRKSRC}/LICENSE
 
 RUN_DEPENDS=	${PYTHON_PKGNAMEPREFIX}dateutil>=2.1:devel/py-dateutil@${FLAVOR}
 
 USES=		python
 USE_PYTHON=	autoplist distutils
 
 .include <bsd.port.pre.mk>
 
 .if ${PYTHON_REL} < 3000
 RUN_DEPENDS+=	${PYTHON_PKGNAMEPREFIX}backports.functools_lru_cache>=0:devel/py-backports.functools_lru_cache@${FLAVOR}
 .endif
 
 .include <bsd.port.post.mk>
diff --git a/devel/py-arrow/distinfo b/devel/py-arrow/distinfo
index 472e5158c71a..fd35c58ed907 100644
--- a/devel/py-arrow/distinfo
+++ b/devel/py-arrow/distinfo
@@ -1,3 +1,3 @@
-TIMESTAMP = 1511612324
-SHA256 (arrow-0.11.0.tar.gz) = 5c44e897cde7ff54d7336ee2072fd32395a525d070df0e9034ea64029d4a61b5
-SIZE (arrow-0.11.0.tar.gz) = 119719
+TIMESTAMP = 1516987795
+SHA256 (arrow-0.12.1.tar.gz) = a558d3b7b6ce7ffc74206a86c147052de23d3d4ef0e17c210dd478c53575c4cd
+SIZE (arrow-0.12.1.tar.gz) = 65356