A rotating fairlead device is provided, comprising a base frame having a bearing support member, a slew bearing mounted to the bearing support member; and an exit sheave assembly mounted to the slew bearing, combined to form a single head fairlead. The single head fairlead may further include a plurality of guide rollers mounted to the base frame adjacent to the slew bearing. A dual head fairlead is also provided, wherein both entry and exit sheave assemblies are mounted on their respective slew bearings on opposite sides of the base frame. Optionally, a load sending device is disposed within the base frame between the opposing slew bearings to detect the load on a cable residing within the dual head fairlead.