The present disclosure relates to a device for lifting and lowering a load in water, including a hoisting gear with a first hoisting rope and a storage drum with a second hoisting rope, which preferably are arranged on a floating unit. In accordance with the present disclosure, a hoisting gear frame is fastened to the first hoisting rope, whose buoyancy in water is variably adjustable. Furthermore, the present disclosure relates to a method for lifting and lowering a load in water by using such a device.