I've come across it before as a semi liquid grease used in vintage motorcycle gearboxes such as Burman and Sturmey Archer.

For kingpins and bushes, I use link and pin grease which is sold for the link pins on earth moving equipment. About 3 quid a cartridge I when I last bought some.

Can't be arsed loading a grease gun from a pot of grease so I use a cartridge gun adapted with a flexi hose and a clip on nozzle.

Arwyn