Based on requirements of pipe transport systems on deepwater pipelaying vessel, a new pipe lifting mechanism was designed. It was composed of crank-rocker and rocker-slider mechanism with good lifting capacity and high efficiency. When the slider went to the upper limit position, the mechanism could approximatively dwell, meeting the requirement for transverse conveyor operation. According to the theory of dynamics, numerical analysis method was used to the dynamic analysis of the mechanism. The results showed the maximum counterforce was at the joint between the rocker and ground, and this calculation could be a guideline for the kinematic pair structure designing.