Valdemārs was an economist, a publicist and a politician. One of the main streets in Rīga is named after him.
The remembrance at Lielie kapi will be held by a pastor and attended by students and teachers from the Latvian Maritime Academy and others who value and hold dear Valdemārs' contributions to national thought and the development of shipbuilding. Valdemārs helped to establish the Ainaži naval school and promoted naval construction across Latvia.
"Without Valdemārs there would be no Latvian shipbuilding. Thanks to Valdemārs now 1% of Latvia's inhabitants are sailors," said Iveta Erdmane, head of the Ainaži naval school museum.