Abstract: The invention relates to a davit arrangement (1, 20) arranged suspended over one or more boats or cargo devices (B, C) onboard a ship or similar vessel for launching or storing the one or more boats or cargo devices (B, C), the davit arrangement (1, 20) comprises a davit housing (19) having telescopically displaceable davit arm (3, 4, 5) and a hoisting arrangement (6) for hoisting and lowering the one or more boats or cargo device (B, C). The davit arrangement comprises a carrier (2) slidable connected to the davit arm (3, 4, 5), the hoisting arrangement (6) being further connected to the carrier (2), the davit housing (19) is connected to a turntable (10) for rotational movement of the davit arrangement (1, 20) around a center axis (A), the carrier (2) is adapted to be retracted to an innermost position where the hoisting arrangement (6) is aligned with the center axis (A) of the turntable (10).