AIS is not exactly ASCII clear text. Your point still stands since there is no encryption at all going on, but I thought I'd mention some details for who might be interested.
AIS messages are broadcasted as binary data from which you can extract the different pieces of data according to the specification for each message type (of which there are about two dozen not including regional extensions): first 6 bits for the message type, next 2 bits for a repeat indicator, then 30 bits for the MMSI of the sender, and so on. (these first 3 fields are actually common between all message types). The most common message contains the position and things like speed and course; another message is used for static data like name and dimensions, and for voyage-related data like destination and ETA (this saves bandwidth because this message is sent much less frequently).
From the point of view of the equipment on board there is an extra layer of indirection: the AIS transponder communicates the received AIS data to other equipment on board, like the electronic chart system, encapsulated in NMEA (IEC 61162-1) sentences which are normally ASCII clear text, but AIS is encapsulated in it in a way somewhat like base-64. That looks like this:
!AIVDM,1,1,,A,H4eI4aTUC=D5C8W00000000P@320,0*20
(Where normal NMEA looks e.g. like $GPGGA,082130,5114.26779567,N,0422.33536853,E,2,,,,,,,,*65 which is human readable if you know how to interpret it).