A 7.4 magnitude earthquake touched down to the east of New Zealand today, marking some of the heaviest tremors to take root near the nation in 2020. The earthquake shook the ocean, raising fears of an impending tsunami.
Is there a tsunami warning for New Zealand?
According to the United States Geological Survey (USGS), today's earthquake emerged at 12.49pm.
The organisation measured a magnitude of 7.4 as it touched down in the ocean, but have not raised the alert for a tsunami.
The UNESCO/IOC Pacific Tsunami warning and mitigation system it is "possible" however.
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New Zealand earthquake: Is there a tsunami warning?
New Zealand earthquake: The earthquake was further away than a tsunami might reach
The warning said: “Hazardous tsunami waves from this earthquake are possible within 300km of the epicentre."
According to the USGS New Zealand's northeasternmost tip, which is nearest to the earthquake, lies beyond this range.
Auckland, the country's biggest city, is located in the area, and may have been affected if the earthquake was closer.
While no reports of damage have yet emerged, people said they "felt" shakes from the tremors.
New Zealand earthquake: USGS released estimations for fatalities and economic costs
Residents of Hawke's Bay on the east coast of the north island said they experienced slight shaking, with 32 reports recorded by the USGS website.
The organisation has also released green "pager" warning for people living nearby.
The pager measures potential loss of life and economic damage from an earthquake.
New Zealand's latest is one of the most significant to impact the region in 2020, but the organisation suggests there won't be too much fallout.
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New Zealand earthquake: People reported feeling the earthquake on the northeast coast
The green alert has assigned a 69 percent chance at least one person will die as a result of the tremors.
There is a similar 65 percent chance it could incur up to $1 million (£750,000) of damage costs.
The USGS has also assigned lesser chances of increased damages, with a reduced yellow warning.
The pager suggests there is a 29 percent chance another 10 people might die.
They also released a 40 percent chance damages could pass at least $10 million (£7.5 million), and a four percent chance damages could pass $100 million (£75 million).
USGS officials have also evaluated hoe prepared structures in the area might be to withstand damages.
They said: "Overall, the population in this region resides in structures that are highly resistant to earthquake shaking, though some vulnerable structures exist.
"The predominant vulnerable building types are reinforced masonry and unreinforced brick with timber floor construction."