At 118' it might be a sailing ship. If it was 118", then sailboat would be fine.
I like the 3 or more mast rule myself.
My friends boat has only 2.
BTW, where else but on FR could a thread about an asteriod (meteriod, whatever) missing the Earth devolve into a pedantic discussion of the fine semantic distinctions between asteriod, meteor, meteorite and meteoriod? Gawd, I love this place.