diff --git a/CHANGELOG.md b/CHANGELOG.md
index a5caec88c..669157771 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -10,6 +10,10 @@ Note that Sockeye has checks in place to not translate with an old model that wa
 
 Each version section may have have subsections for: _Added_, _Changed_, _Removed_, _Deprecated_, and _Fixed_.
 
+## [1.18.24]
+### Changed
+- Update requirements to use MKL versions of MXNet for fast CPU operation.
+
 ## [1.18.23]
 ### Fixed
 - Correctly create the convolutional embedding layers when the encoder is set to `transformer-with-conv-embed`. Previously
diff --git a/sockeye/__init__.py b/sockeye/__init__.py
index 8e11abe9e..71514ba52 100644
--- a/sockeye/__init__.py
+++ b/sockeye/__init__.py
@@ -11,4 +11,4 @@
 # express or implied. See the License for the specific language governing
 # permissions and limitations under the License.
 
-__version__ = '1.18.23'
+__version__ = '1.18.24'